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Bankofamerica

What's in for Bank of America after the earnings report?Today we saw the earnings report for Bank of America and it did not meet the investor's expectations. So far the earnings season (for the banks) starts a bit off. The EPS came above expectations at 0.59 versus 0.54 expected. Revenue though came in with a miss - 20.1B against 20.56B expected. The main cause for the miss cited is the COVID-19 pandemic. RSI is already crossing from overbought territory, though MACD's crossing is lagging. The histogram is showing a divergence with the price which is in line with RSI's early divergence with the price. My expectations are for a drop towards the trend line support at the $31.35 zone. A breach there may lead to a potential drop towards $30.61 and by this jeopardizing the uptrend.
NYSE:BACShort
by DailyChartist
$SPCE can rise in the next daysContextual immersion trading strategy idea. Virgin Galactic Holdings, Inc., an integrated aerospace company, develops human spaceflight for private individuals and researchers in the United States. The share price rose after analysts at Bank of America (BAC) had initiated coverage on Virgin Galactic (SPCE) Monday with a buy rating and a 35 price target. The demand for shares of the company still looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $20,45 ; stop-loss — $18,67. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NYSE:SPCELong
by KozakHlib
1
BAC LEAPS BAC looking to repeat this pattern, looking to retest 55 within these next couple years. Bounce off my support zone at 18.04 making its way up to retest 35.40 break that we could see an overall move up to $44. Perfect stock to add to your long term portfolio. Warren Buffet's second largest holding in his portfolio is BAC so why not invest and follow the most successful investor of all time. Shares are a good hold and ITM calls for 01/2022 are perfect to add to the portfolio.
NYSE:BACLong
by jUiCE_Trades
1
BAC - Long, Target $27.50 and $29.00 in the next 2 weeksBAC is forming Cup and Handle on D1 chart. Now is $26.50. with this pattern BAC's target are: $27.50 and $29.00. While the market in the correction process. The cash flow from other Sectors that are Overbought is certainly looking for a new destination. Banking is a good Sectors that is regaining balance when it exits the Oversold zone and keep going up slowly. I predict BAC will hit 2 targets in the next 2 weeks, with 70% confidence level, 10% Sideway and 20% drop to $25.50 - $26.00. Ichimoku, RSI, MACD are supporting this uptrend too. Disclaimer!
NYSE:BACLong
by PhanTichStock_com
1
BAC Bank of America will stay between upper trendline and gannThe 1/3rd gann line is acting as a strong support aswell as the 0.382 fib level that created a triple bot. The price will pull back to 0.382 level to the short term fib level which lines up perfectly with the 1/3rd gann support line and from there it will continue its way up to $27.07 price target which is the trend line and which is also 1.272 fib level before pulling back again to $26.72 retesting previous highs
NYSE:BACLong
by UnknownUnicorn7005306
Bank of American (BAC) Three Rising Valleys Bullish SignalNYSE:BAC is undergoing a 3 rising valleys pattern which is very bullish when you combine it with divergence on both oscillators. The tech sector seems to be bleeding and investors might shift their cash into financials such as BAC. Targets are also provided if one was to take part in it. Very good R/R ratio so stop loss could be set a litter looser. This is not financial advice and it is only meant for education. I am not responsible for any loss you have from trading my ideas including this one.
NYSE:BACLong
by WeTradeAcademy
BOA - Bank Of America Never been a big fan of Bank Stocks, but with much of the market recovering, banks still have room to head back to their 1q price levels. We also have the election on the horizon which leads to uncertainty and big money/smart money loves certainty. With the Fed printing and borrowing rates at historic levels, a dividend paying bank stock like $BOA fits that criteria for the smart safe (boring) money. At the moment BAC is consolidating and we're waiting for a break to see which way this stock will move. It appears there is still a good amount of time before it breaks but it's another one we'll keep our eye on. If it breaks in either direction, we'll wait for the price to retouch the purple lines on our chart confirming resistance or support (depending on which way it breaks), before entering a position. We know Buffet (through Berkshire Hathaway) just bought another 34 million shares in July and BOA is still paying a 2.8% dividend with room to grow. Our Targets: If we get a break to the upside, we're aiming at $32-34 range. A break to the downside, looking at $22.00 area for support. Once again, we're waiting for a break and then retest before taking a position on this one. Feel free to give us a follow and shoot us a like for more analysis updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise. Feel free to give us a follow and shoot us a like for more analysis updates.
NYSE:BACLong
by MannyLo