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."
