BAC trade ideas
$BAC Before earningsBank of America is again near it's all time highs, close to testing again for a breakout. Earnings this week should confirm movement on the strong uptrend that we have seen since March lows. There is a slight divergence on the RSI indicator. The daily timeframe shows a toppish move on the stoch RSI, as well as MACD turning slightly red on the daily. Should BAC fail to breakout of these levels, we could see it test lower support, or even fill the gap put in a few days ago. Ichimoku is still showing a bullish trend at these levels. Looking for a breakout to confirm my 1.618 wave higher analysis.
BAC - LongOverall market structure for BAC has been on an up trend on the daily tf. Price currently consolidating forming a bullflag on the daily and on the hourly, price has been ranging / coiling the past 5 days. It looks like it is ready to pop and if it does, I want to catch it at once it breaks the 40-40.25 zone.
How to find channel and support/resistance.Here is how i quickly find channels and past resistance (now support)
AXP, BAC, and JPM finish with a strong close All three have a similar pattern U/V shape with good volume. Decreasing volume on the retrace and increasing on the up move. I'll be looking for some continuation plays. JPM in particular is at a big resistance so hoping for a good pop if it can get past that.
BAC SetupIt looks like BAC has already gone up by 50% since the elections. Banks and medical insurance companies will benefit the most in the next four years. Waiting for a pull back and buy signals. Good luck!
BAC Support and ResistanceAnalyzing Support and Reistance levels for Bank of Ameirca Stock.
Good Ratio.
I'll be swing trading this, whilst maintaining a long position.
Holding BAC will not bring you the returns you may be looking for, however is a safe bet for 10 -20% growth over the next 18 months.
Stormy days ahead for BanksAs you see in the charts, stocks tend to move in clusters!
Bank of America, Wells Fargo, JP Morgan Chase, and KBE(bank ETF) all have made the same price pattern..!
all shows stormy Days coming, if you have banks' stocks, maybe it could be a good time to trim your position..!
BAC SHORT IDEA📉Indicators are overbought and there was resistence. I think it's a good short idea.
Good luck!
BAC Interaday Market is clearly going to rise but you might just need ti wait till the currrent candle to be finished in the 30 min frame.
Bac time to buyBAC has breached the long term chanels top and short terms chenels midline seems time to buy
Tri Star TopBuy put 38 March 26
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
Option trading will expose you to high level of risk! Never put more than 5% of your capital in any option ideas!
BAC INVESTMENT D1 (Cumulative chaos)Under the area, sell over the area, buy a profit in both directions, without losing, with choosing the strongest areas ..... NYSE:BAC
Cup and Handle PatternsBuy when the price breaks above the top of the triangle. When the price moves out of the handle, the pattern is considered complete, and the price is expected to rise.
While the price is expected to rise, that doesn't mean it will. The price could rise a little and then fall, it could move sideways, or it could fall right after entry. For this reason, a stop-loss is needed
$BAC Daily breakoutChart looks very similar to $XLF, reaching the 1.618% Fib and extending further into a final push to the upside. I expect a pullback once volume dries out in these financial stocks.
Opportunity for Bank of America Consolidation before going up in new trend on Ascending triangle chart?
Eyes attention are on stimulants and whole market reaction.
