BAC trade ideas
Bank of America: Best Stock while bond yields are increasing!While the bond yields are going up (cost of borrowing), the sector that would greatly benefit from
news like this is no one else but our good old banking sector. It would be a good risk-management in these
fluctuating days to have some bank stocks in your portfolio. Here are some possible support points for
BAC. We would recommend buying more each time it gets close to one of the support lines!
Bank of America marching toward its all times high(2007)Potential gain:22%
Reward/Risk:2.5
Timeframe: 3-6 months
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..!
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bull flag break finna happen now $BACshort term play here, BAC finna take off and surpass ATHs, I like the postures of the indicators, on the 1 min time frame we are squeezing on the TTM. we are in a bullish flag on the 15min and below time frames. not much to report here the graph is pretty self explanatory. lmk what y'all think I love the feedback!!!
Bitcoin downhillLike I said, I'm not a trader, but I'm learning the basics.
There is a lot of dependency between bank of america and bitcoin. There is between DAW and Bitcoin.
There is always a principle in the traders market:
When the stock of BANK of america falls by about 3%, the market will be completely bearish.
Today is the day to buy this stock!!!!!!!I believe this stock will at $36 by the last week of February. At the time of approval of the stimulus package.
Bank Of AmericaIt will continue to the upside to the resistance area 35.80
Then it starts in a downtrend to 31.41
If this area is broken, it will continue with a downtrend to 29.18
$BAC Bank of America WXYXZ from GFC 2009 lows. short X w/in X^2not sure where X completes within X^2.. the Y wave is too complex for me.. i dont think its completing 5-5-3 from the march 2020 lows. would like to see others counts from march lows. we approaching a top but where is it likely to occur..? i don't see much in terms of fibonacci confluence.
BAC Daily CONFLUENCE OF WEEKLY Time FRAME Bat + GARTLEY & Daily TF Bat Strong Zones
Break of Trend line with RSI BELOW 70
SELL
$BAC CALMA StratReason for buying this stock:
1. Candle is above ALMA
2. CCI Breaks 100
Not a financial advice. TAYOR. DYOR
BAC LONG 2/2Broke out of descending triangle yesterday afternoon, good indication of a bullish reversal!
BAC (S&P 500) - Buy on DipBAC -
BoD signal appear and BANKER become strong, Earning is 70 days from now. Nicely trend. BANKER > 50%. 0 Retailer
There we go!!!!!!!!! Bank of America!!!!!!If I'm right this will be at around 34 by the 22 of February!
BAC: corrective structure is still developingInstead of updating the previous post I figured I'd make a new one.
WE LIKE THE STOCK!!!
BAC (Bank of America Corporation)======29/1/2021
BAC (Bank of America Corporation)
Waiting Buy 27.64
TP : 33.02
Stop Loose : 26.64
Bank of America fails at zero line on GoNoGo OscillatorEarlier in the week we were looking to see if Bank of America could find support at the Gap from the beginning of the year.
For this entire “Go” trend that started early November, the GoNoGo Oscillator was able to find support at the zero line as it should in a healthy trend. Yesterday’s price action caused the oscillator to drop below zero, and for the GoNoGo Trend to paint an amber “Go Fish” bar, as price fell through the support of the gap.
Bank of America Has Pulled Back HardFinancials were one of the best performing sectors after the Pfizer vaccine news on November 9. They’ve pulled back in the last two weeks, creating a potential opportunity in one of the biggest and most liquid names: Bank of America.
BAC is trying to hold $30. Aside from its “round number” status, this level is potentially important for a few reasons.
First, it was a resistance line for almost two weeks in late December and early 2021.
Second, it’s almost exactly the 38.2 percent retracement level based on BAC’s move between the low on September 24 and its high on January 14.
Third, the 50-day simple moving average (SMA) has been rising quickly and is now just $0.12 below $30. In fact, BAC’s low today was just $0.03 above it.
Finally, stochastics are back toward oversold levels.
Given the sharpness of its pullback, BAC may need to consolidate before bouncing. However its exposure to the broader economy, low valuations and liquidity (especially for options traders) makes it a potential go-to stock if the “reopening” trend resumes. Traders may want to watch for a potential bounce in coming weeks.
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