Bank of America (BAC) Scalping Strategy
🔥 Market Overview:
Trend: Short-term consolidation, overall bearish bias.
Key Levels:
Resistance: $44.10, $44.50
Support: $43.70, $43.30
Indicators:
EMA9 below EMA200 → Bearish trend still in play.
MACD near zero → No strong momentum, market indecisive.
RSI at 48.87 → Neutral, no strong divergence.
Risk of Short Squeeze? Low—only if price breaks $44.10.
Market Maker Activity: Weak accumulation, still under resistance.
🔥 Scalping Strategy:
🩸 1. Momentum Scalping (If Breakout Above $44.10)
Buy near: $44.10
Target: $44.50
Stop-loss: $43.90
Risk-to-Reward: 1:2
🩸 2. Range Scalping (If Price Holds $43.70 - $44.10)
Buy near: $43.70
Sell near: $44.10
Stop-loss: $43.50
Profit Potential: ~1.2%
🩸 3. Breakout Scalping (If Below $43.70)
Short below: $43.70
Target: $43.30
Stop-loss: $43.90
Risk-to-Reward: 1:3
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If $44.10 holds, BAC could push towards $44.50 - $45.00.
If $43.70 fails, expect a drop to $43.30.
🔥 News & Market Context:
Bank of America released a 585B Euro Medium-Term Note prospectus → Neutral impact.
Stock closed flat today → No significant buying or selling pressure.
Earnings in 48 days → No major catalyst in the short term.
👑 Trade Rating (1-10):
Range Scalping: 6/10 (Market is slow, needs breakout).
Momentum Long Above $44.10: 7/10 (Breakout setup, but weak momentum).
Short Below $43.70: 9/10 (Best risk-reward setup).
🔥 Decision:
🩸 Short-term Play: Range scalping $43.70 - $44.10 until a breakout.
🩸 Mid-term Play: Break above $44.10 = long; below $43.70 = short.
🩸 Ideal Play: More downside risk—short setup is stronger.
👑 Final Verdict: Weak price action, better for short plays.
🔥 LucanInvestor's Quote:
"A market that hesitates is a market ready to fall."
Trend: Short-term consolidation, overall bearish bias.
Key Levels:
Resistance: $44.10, $44.50
Support: $43.70, $43.30
Indicators:
EMA9 below EMA200 → Bearish trend still in play.
MACD near zero → No strong momentum, market indecisive.
RSI at 48.87 → Neutral, no strong divergence.
Risk of Short Squeeze? Low—only if price breaks $44.10.
Market Maker Activity: Weak accumulation, still under resistance.
🔥 Scalping Strategy:
🩸 1. Momentum Scalping (If Breakout Above $44.10)
Buy near: $44.10
Target: $44.50
Stop-loss: $43.90
Risk-to-Reward: 1:2
🩸 2. Range Scalping (If Price Holds $43.70 - $44.10)
Buy near: $43.70
Sell near: $44.10
Stop-loss: $43.50
Profit Potential: ~1.2%
🩸 3. Breakout Scalping (If Below $43.70)
Short below: $43.70
Target: $43.30
Stop-loss: $43.90
Risk-to-Reward: 1:3
🔥 Mid-Term Trend Forecast (1-3 Weeks):
If $44.10 holds, BAC could push towards $44.50 - $45.00.
If $43.70 fails, expect a drop to $43.30.
🔥 News & Market Context:
Bank of America released a 585B Euro Medium-Term Note prospectus → Neutral impact.
Stock closed flat today → No significant buying or selling pressure.
Earnings in 48 days → No major catalyst in the short term.
👑 Trade Rating (1-10):
Range Scalping: 6/10 (Market is slow, needs breakout).
Momentum Long Above $44.10: 7/10 (Breakout setup, but weak momentum).
Short Below $43.70: 9/10 (Best risk-reward setup).
🔥 Decision:
🩸 Short-term Play: Range scalping $43.70 - $44.10 until a breakout.
🩸 Mid-term Play: Break above $44.10 = long; below $43.70 = short.
🩸 Ideal Play: More downside risk—short setup is stronger.
👑 Final Verdict: Weak price action, better for short plays.
🔥 LucanInvestor's Quote:
"A market that hesitates is a market ready to fall."
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.