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Bankofamerica

BAC coming close to where we can open a long position?Bank of America with its decent yield of about nearly 4% and a decent balance sheet maybe a good bye during this down turn. The trend drawn above show that approx $18.10 might be a key point for the stock. I would wait for it to reach there and show us a bounce to confirm my idea before opening a long position. As always I am a long term investor looking to buy and hold equities. Please like and comment. Thanks everyone! "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" - Warren Buffet
NYSE:BACLong
by realSimpleTrades
1
$BAC Wedge + Trending + DivergenceMonthly Chart Weekly Chart 1. Wedge We can see in the 1-hour chart of Bank of America that is forming a wedge. We can see the wedge with the purple lines in the price chart. 2. Regular Divergence In addition we can also see a regular divergence from 6th March to 23 March while the price was falling the indicator in the Rsi was rising. 3. Trend Line We can see better in the monthly chart that there is a trend line that is forming from about 2008. The next days that will be tested.And the is the second more general trend line forming decades before. 4. Support Line Also if we look in the monthly chart we will see that there is a main/strong support line that in the next days will be tested again. The 1st support line lies around at 15.24$ and the second at 4.92$ From the first two factors we can see that might be a breakout and form a new uptrend. At the 1 hour chart we will see that the wedge the 1st trend line and the 1st suport line get together in one spot. So the first scenario will be to test that support at 15$ and form a new uptrend. The second scenario is to break that support and fall until it lands at the more strong 2nd support and resistance at around 4,5$ and then form a new uptrend from there . Scenarios
NYSE:BAC
by we_axolotl
Bank Of America (BAC) Will Drop Hard (90%+ Crash?!)The chart for Bank Of America (BAC) is looking bad long term, there are many signals pointing to a very strong drop. The last time this company had a crash, it shredded over 95% of its value... The same might happen again. Let's take a look at some of the signals: Let's start by looking at Divergence , you can spot this marked with a light blue line on both the MACD and RSI. These divergences work strongly on conventional assets, they always confirm. We have bearish divergence on both indicators. I marked a rising wedge in purple which is also bearish. You can expect the asset value to move a bit longer within the wedge before breaking down; if it does. Probabilities are really high... EMAs are going to be challenged now, this is our main support (22.33). The RSI is super bearish. Volume has dropped massive while price moving up. If you were to use this information to trade, a break and close above 28.45 would be a great stop loss. As for the way down, 13.62 can be your main target and more after/if this level breaks. ... This one is about to crash really hard... Just like it is happening with Apple, Google, SPX, DJI and the rest. Thanks a lot for reading. Namaste.
NYSE:BACShort
by AlanSantana
11
Elliott Wave View: BAC Looking for More DownsideBank of America (Ticker: BAC) decline from December 27, 2019 high is unfolding as a 5 waves impulsive Elliott Wave structure. Down from December 27 high, wave ((1)) ended at $32.47 and wave ((2)) ended at $35.45. The stock has resumed lower in wave ((3)) and internal of wave ((3)) subdivides in an impulse in lesser degree. Down from $35.45, wave (1) ended at $27.44 and bounce in wave (2) ended at $29.8. In the chart below, we can see that down from $29.8, wave 1 ended at $27.50 and bounce in wave 2 ended at $28.42 as a Flat. Stock then resumed lower in wave 3 towards $21.75 and bounce in wave 4 ended at $23.49. Finally wave 5 ended at $21.51 which also completed wave (3). Wave (4) rally is now in progress to correct cycle from March 3 high. Potential target for wave (4) in 3 swing comes at $23.7 -$25. Sellers can appear from this area for more downside or 3 waves pullback at least. We don’t like buying the stock. Expect rally in Bank of America to fail in the sequence of 3, 7, or 11 swing as far as pivot at 29.80 high stays intact
NYSE:BAC
by Elliottwave-Forecast
Bank Of America: 2008 All Over AgainRising wedge has formed on BAC. The same pattern it had formed from 1996-2008. BAC is testing its bottom trend line. This could get ugly fast. Fed cuts rates the most since 2008 to promote more artificial economic growth. It definitely helps the fact people are scared of a virus. This was just the pin that popped the bubble. They will blame it on the virus if markets tank. People seem to forget Bitcoin was created exactly after our last financial crisis. For the reason, we don't trust our banks. BTC has risen in value of more than 2 million percent!! It's got to be on to something. Comment and like!
NYSE:BAC
by traderview2
Elliott Wave View: BAC Approaching Short Term Support Short term Elliott wave view in Bank of America (ticker: BAC) suggests the rally from January 27, 2020 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from January 27 low, wave ((i)) ended at 33.49 and pullback in wave ((ii)) ended at 32.65. The stock has resumed higher in wave ((iii)) which ended at 35.45. Internal of wave ((iii)) subdivided in 5 waves impulse in lesser degree. Up from 32.65, wave (i) ended at 33.40, and wave (ii) pullback ended at 32.92. Stock then resumed higher in wave (iii) towards at 35.01. Wave (iv) pullback ended at 34.24 and the final leg wave (v) of ((iii)) ended at 35.45. Wave ((iv)) pullback is in progress to correct cycle from January 30 low before the stock resumes higher in wave ((v)). The pullback is unfolding as a zigzag structure where wave (a) ended at 34.78 and wave (b) ended at 34.97. Potential area to end wave (c) of ((iv)) is 100% – 123.6% Fibonacci extension from February 12 high which comes at 33.9 – 34.3. From this area, BAC can then extend higher or at least bounce in 3 waves.
NYSE:BAC
by Elliottwave-Forecast
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DJ:DJI
by Zelulose
Bank of America: Example How to Trade Against The TrendIt is a very good example, which explains how to trade against the main trend. The price reached the upper line of the price channel. We got a trend reversal signal based on a bearish divergence. RSI is bearish, MACD supports a possible downward movement. If the price breaks the local uptrend line, it will confirm the downward movement. The market will be able to correct the previous strong upward movement and reach the zone between SMA100 and the weekly uptrend line. This zone will be good for buying based on confirmed reversal signals.
NYSE:BAC
by DLavrov
13
Bank of America Bearish Butterfly (Daily)Good evening ladies and gents, Bank of America Shorting opportunity here. Entry would be inside the pink box, (safest possible entry is at the top of the box at the 1.618 "$34.07" golden mean ratio. Stop set for slightly over 3% with a 10+% exit targets. You could take profit at B and also common retrace areas. Once a definitive swing is set, I will post exact common retrace targets. Join our Free Telegram Channel: t.me We are a new community growing day by day in hopes to accomplish a trading premium group by December 1st of 2019. Subscription prices are $99 a month, $499 for 6 months and $999 for a year. We give the best possible technical analysis with a touch of art work to it hence the name "ChArtWorks" ;). "We remove the hard work from your end and just give you the trade set ups along with education." Don't let the prices scare you, we give TA free too! But the most benefits are in the Elite Channel. 50% off all Contracts for Military Veterans and Active Duty Service Members, just provide your DD214 or Military ID for proof of Status. Discharge Type is completely confidential and does not need to be shared. I am a Marine Vet myself and I will not share any information regarding Military status with anyone else. Feeling generous and wanting to show us love and support? Donation addresses are listed below $Usdc: 0xe3b95b4575d6456D090ac24Ad4DC8D46C9c97b2C $Bitcoin: 3Jg9ng234aJdgz3zzt3iCyeb124eAmKs5N $Ethereum: 0xd251Cc3b78e92191B5dEC4E0D2f2acDCa5B33599 $Litecoin: MRHupJeTegPM2a8AJewC3B1oqq7Mpjr1MK $Xrp: rw2ciyaNshpHe7bCHo4bRWq6pqqynnWKQg Tag: 2183371567 $Bat: 0x9b95E0Bd4556dbb0b407B32f43B923607b896F48 $ChainLink: 0x559d92B08D72Fe20B0aF063ebE59ead6612c2b00 $Dash: Xq5kCnMknHrknC2ipw1JGuRcdbDtbTSqWU $Beam: 553e2b176e611674559f92b8fa10f5d129bd80acd14fb5f8d6e387ab4f0b281144 $XMR: 4DSQMNzzq46N1z2pZWAVdeA6JvUL9TCB2bnBiA3ZzoqEdYJnMydt5akCa3vtmapeDsbVKGPFdNkzqTcJS8M8oyK7WGj2kh3ajCzSUSAQTr
NYSE:BACShort
by ChArtWorks_TechnicalArts
8
Elliott Wave View: BAC Starts the Next Leg HigherBank of America (ticker: BAC) shows an Elliott Wave bullish sequence from August 15, 2019 low, favoring further upside. The decline to 27.19 ended wave (2) and the stock has resumed higher in wave (3). The internal of wave (3) is unfolding as a 5 waves impulse Elliott Wave structure where wave 1 of (3) is expected to complete soon. Up from 27.19 low, wave ((i)) ended at 28.62, wave ((ii)) ended at 27.46, and wave ((iii)) ended at 30.72. Expect the stock to pullback in wave ((iv)) and turns higher 1 more time in wave ((v)). The 5 waves move higher should end wave 1 of (3). The stock should then pullback in wave 2 to correct cycle from October 3 low (27.19) before the rally resumes again. We don’t like selling the proposed pullback as it’s against the direction of right side tag. As far as pivot at 27.19 low stays intact, expect dips to find support in the sequence of 3, 7, or 11 swing for further upside. Potential target to the upside is 100% Fibonacci extension from August 15, 2019 low towards $31.2 – $32.2.
NYSE:BACLong
by Elliottwave-Forecast
Bank Of America (BAC) Calm Before The StormBank Of America has been on a rise after the 2008 US Stock Market crash. No coincidence as many US companies have been rising since then. This is not an excuse to get off track and believe all is good now. If you take a look at the bigger picture, you can see this company has had a decline soo huge, even the attempts to pump the value back to pre-2008 figures has been failing. There is still much to go for the rise before this stock can become stable again. It will need to take a wild spike along with some sort of unimaginable great news to spike prices back up that high to over $54.00/share. With that being said, I will stick to my technical's and as of now it is bearish. The chart along with my own technical analysis should explain the rest to the crowd. Just be patient and avoid greed in these times of uncertainty. I am prepared to go long if price signals me to do so, but my overall bias is short.
NYSE:BAC
by bajapips