BAC-NYSE: is it trend continuation?BAC in Bullish trend, watch the possible cup and holder shape for short sell.
BAC trade ideas
Bank of AmericaBAC could still be in the current retracement of the previous low. I see some bearish candles under the 200 ema (purple). Although the previous high, has been broken, I see a lower high and a new low on the 1 hour timeframe. BAC could be falling to a nice buy zone in the future. Let's see what happens!
Bank of America Bearish Pattern -UPDATEBAC following the bearish Crab pattern published a while back.
The price is in buy zone (Put) with most indicators weak and negative.
Integrity is Important!Please review the analysis published on November 4th, 2021:
Title: Negative days ahead for banks!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Negative days ahead for banks!It seems Banks have run out of steam and in the near future, they will make a correction or go sideways!
BAC: Fails to close above 48.50
WFC: Got rejected from resistance level and may retest 46 in the coming days
C: struggling at the support line
MS: pure consolidation between 96-106
JPM: 2-3% correction is expected!
GS: could retest 370 level once again!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
$BAC - PT 50+BAC going to 50 at a minimum for wave 5. Book it - DOW wants to be strong so lets see these banks keep running
Bank of America Corp to Lose Ground. BACOverbought, just coming out, and now divergent. I am waiting on a sizeable drop. It is unclear whether this is going to be a Wave 2 or B, but it does not matter as both scenarios are implicitly bearish. Very short term outlook, as the view is based on an hourly chart.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
BAC swing trade 🐻 Ran up really fast through Sept due to rising 10yr and formed a rising wedge . coincidentally BAC fell out of this rising wedge when Powell announced no rate change is imminent which sent yields plummeting.
44.22 Is really strong support, dating back 20yrs (see previous post). If it bounces there, look to cover..
Stop loss 47.50
Option Play: BACMarket has been pushing ATH for the last two weeks with constant up and up and up. When it finally consolidates BAC will give some back with it. Stock is extended on all timeframes and today breaking that trend line setting up for a move down. Levels below for me - first 45 then 43. Make sure you take profit given the chance. Above 48.5 this is invalid.
Playing 46p for 11/12 and 45p for 11/19 - 50 cons of each. Good luck if you play!!
Bank of AmericaLooks like we are at a higher high on the weekly and daily timeframes. Bank of America is a nice safe stock in my eyes. Although we are in a season where alot of shopping will go on, I can see this being bullish for banks and other holiday related tickers. Bank of America holds a high position in many prominent portfolios including my Uncle Buffet's. I want to see if price can continue trading above the 20 and 50 ema. Say if there is a pullback i'd at least feel that a 38% is realistic on the daily timeframe. If it surprisingly pasts that support level, price could reach the support that was created back in July of this year. Let's see what happens. Alot of credit cards will be swiped this season and for swipe a BAC customer pays, BAC will charge a surcharge to the business for every transaction that is made. Looking forward to a nice but slow ride. Good luck!
$BAC with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $BAC after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 85.71%.
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10/17/21 BACBank of America Corporation (BAC)
Sector: Finance (Major Banks)
Current Price: $46.37
Breakout price trigger: $45.00 (hold above)
Buy Zone (Top/Bottom Range): $45.30-$44.00
Price Target: $47.60-$48.00
Estimated Duration to Target: 18-20d
Contract of Interest: $BAC 10/29/21 46c
Trade price as of publish date: $1.00/cnt
BANK OF AMERICA : CMP 46BOA Can be the outperformer In us market...as per chart , stock is completed Correction on Monthly and weekly Timeframe....its a best buy for longterm investor...stock expected to test Levels of 150+ in next 3-5 years...If stock Fall below 35 then this chart fails...
BAC 1Mslowly approaching the ATH before the 2008 crash . Still don't like the bearish div stemming from Dec '17 another tap of $38 before considering ATH
Bank of America: Old Highs in Play?Bank of America is jumping to new 14-year highs after a strong quarterly report. This raises an important question: Will the megabank now return to its previous all-time highs from before the subprime crisis?
BAC peaked at $55.08 in November 2006. It inched lower over most of the following year, before the selling cascade hit. Prices hit a nadir of $2.53 in February 2009. They’ve gradually staggered higher since. A key moment occurred in March 2020, when BAC held the 2014 and 2015 high of $18. Since then it’s been a steady recovery.
The stock was back over $40 by June. BAC then started a consolidation phase with a low above $38 in mid-June. There was a dip toward $36.50 in July and another stab toward $38 last month. The result was an inverse head and shoulders / high basing pattern.
BAC flew back from those lows along with the SPDR Financial ETF (also forming an outside week). It made a new 52-week high before easing back to test the August peak of $42.84. Then came a strong earnings report, with healthy loan growth, and BAC was hitting new highs above $45. (It also formed another outside week.)
The stock continues on that trajectory today, with no clear resistance on the chart. Given the steepening yield curve and ongoing economic recovery, BAC may continue its move.
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BAC - Touch and Go from 43BAC Hit previous projected target at 43.
Breaks and Retest 43 - This level is now become Resistance Turned Support level.
Slow Turtle with ATOM buy triggered after exceptional earning.
FiFT spike
Banker % increase gradually and now has exceeded 50%
Next Target 47, 50 and 53
BAC - Next target 43 ? Completed rounding bottom at 35 and breakout.
Next target 43, 46, 54
60%++ since BoD
Bullish, Uptrend and Strong
Banker's Volume 71%. Retailer's Volume 0%
Next earning : 15 April
$BAC Bank Of America $49 PT
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