As correctly anticipated on 16 July 2022'S commentary, Bank of America rallied on the back of the highlighted morning star pattern and reached $35.41. Going forward, Bank of America could continue rally if it continues to be above the resistance turned support level of $35.41. Bullish crossovers in MACD and EMA10-EMA20 also suggest this rally potential. Latest resistance levels are seen at $37.47 and $38.75. However, a daily close below $34 could present short selling opportunities. First downside support is $32 while second support is seen at $29.67, which was the year to date low.