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Bank of America hits key technical level, traders reassess outlook
Bank of America touched a key technical level, sparking bullish momentum signals while analysts urged caution amid macro and rate uncertainty.
Bank of America shares hit a key technical level, triggering fresh debate among traders about near term direction.A breakout above resistance, supported by improving interest margin outlook and stabilising credit trends. Technical indicators signalled momentum shift, prompting short covering. However, experts cautioned that macro data, rate expectations, and broader market sentiment will determine sustainability of the move in coming sessions ahead globally.