In today’s stock of the day, let’s take a closer look at Bank of America (BAC), which continues to show a steady, technically clean uptrend. The stock has been moving higher since the V-shaped reversal in April, and what’s particularly impressive here is how precisely the price action respects horizontal levels. This steady rhythm of breakouts and retests paints a clear picture of strong market structure and confident buyer control — a textbook example of how an uptrend should look.
From a technical point of view, we’ve already seen three key horizontal levels shape the rally. Each of these levels was first tested as resistance, then flipped into support after a breakout. What’s more, these tests often occurred in pairs — two as resistances, two as supports — showing how orderly and deliberate this bullish trend has been. This kind of price behavior reflects institutional buying pressure and strong demand absorption at every level, creating a stable base for further growth.
Currently, the price is testing a fresh upper horizontal resistance, marked with orange color, and appears to be breaking above it. If the market continues to behave as it has in previous months, we could soon see this area turn into a new support zone, confirming the ongoing bullish structure. As long as Bank of America stays above this upper orange line, sentiment remains decisively positive, and the uptrend looks healthy and sustainable.