Bank of America’s stock price is trading below the downward trend line on a 4 hour time frame. The price is trading below the 100 day (shown in green) and the 50 day (shown in red) moving average which means that the trend is towards the downside and the bears are in control of the price.
However, the RSI indicator has bounced from its oversold zone and it is trading inline with the price action which means that the bias could be towards the upside. As long as the RSI indicator is trading above its upward trend line the bias could be towards the upside. The MACD indicator has not shown any signs of slow down in downward momentum.