Short-term top is in (needs confirmation)Divergences have been observed on multiple time frames for BAC and basically $IWM. Unless it keepes extending, the top is most likely in. The drop below the 36.8 area would confirm that.Shortby TraderBwaterPublished 0
$BAC INV Head and Shoulders w/ Rate cuts approachingNYSE:BAC smaller Inv head and shoulders that has broken to upside, appear to be playing into a bigger INV head and shoulders pattern. With rate cuts approaching, this stock can see huge gains as the outlook become more satisfactory. Excellent buy opportunity. Longby TheTAguy112Published 3
Invstement Opportunity Bank of AmericaMontly Demand Zone hold the price give a good reaction We can observe the an external liquidity was taken in weekly timeframe We dan also observe that the structure was shifted in Weekly timeframe I'm expecting to price to pull back around 33 to invest as I'm expecting the price to be bullish Downside risk 20% Upside gain 80% & moreLongby EvergreenWealthAdvisorPublished 1
BAC setting up to thrive from rate - cuts LONGBAC is showed here on a 100R(ange) where price action from the Covid lows to the federal stimulus highs to the fade and consolidation of Summer 2022 to Summer 2023 and another fade and reversal from it are seen on the chart. At presen, BAC has reversed upside. With Uncles Powell and Sam announcing likely three rate cuts in 24Q3 and 24Q4, I see banks including BAC getting a break with more loan originations and less pressure for high payouts on savings accounts which may be the capital sources of those loans. I see this a an opportunity here and now to take long positions before those hypothetical cuts get baked into the price. The same may go for WFC, JPM, GS and others. My first target is 44 at the " neckline" of the 3,4Q21 triple top.Longby AwesomeAvaniUpdated 2
At resistanceBAC is at resistance inside of a huge bearish rising wedge. RSI and MACD have a big bearish divergence which indicates a drop is in front of us. Measure drop is around big red aka 200 days MA. Great place for small short positionShortby Consistent_TradesPublished 1
"BOA Stock: Selling Zone vs. Horizontal Movement""Bank of America Stock: A Situation where the Selling Zone and the Horizontal Upward Movement are Constrained. If the Blue Line Drops Below and Daily Closures Follow, the First Target Could Be the Green Horizontal Line. If Unable to Sustain at This Level, a Descent Towards Closing the Gaps and the Lower Base of the Descending Regression Channel Might Occur. On the other hand, in the case of an Upward Breakout with Daily Closures above the Selling Zone, I've Marked the Potential Areas Sequentially with the Red Line." WARNING: THIS ANALYSIS IS NOT INVESTMENT ADVICE. CONSIDER YOUR RISK TOLERANCE AND FINANCIAL SITUATION BEFORE MAKING DECISIONS. FUTURE PERFORMANCE IS NOT GUARANTEED; THIS IS MERELY AN OPINION. INVEST PRUDENTLY AND CONDUCT THOROUGH RESEARCH.by Can_EasyMoney_TRPublished 2
Inverse head and shoulders?Watch for neckline break for confirmation. Please use a stoploss. Thanks!Longby The_GainsPublished 112
Bank of America- Still America's Bank?Bank of America.... On one hand their CEO has done a great job bringing them out the depths of the financial crisis On the other hand excess exposure to Mortgage Back Securities (MBS), Commercial Real Estate and the risk bomb that is all things Merrill leaves them vulnerable to economic shocks A sticky deposit book helps...but not enough. Will America choose another bank? We will find out together!Shortby Heartbeat_TradingUpdated 2
BAC is ready for major dropBAC is in a rising wedge, a bearish pattern, and it's ready to break down. If and when it crosses the blue dotted trend line, it will trigger that pattern and cause a major drop in price. The RSI and MACD show strong bearish divergences, with the MACD already ticking into the red position. If we close in the red today, it will be confirmed. The bulls' last hope is to buy it out and return the price to the patternShortby Consistent_TradesPublished 3
BANK OF AMERICA Stock Chart Fibonacci Analysis 020524 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 32.6/61.80% Chart time frame : D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : A A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.by fibonacci6180Published 0
short B of A upone breakoutlooks like a technical breakdown of long-term suport. will monitor for shortShortby vayntraubinatorUpdated 112
$BAC jumping out of golden cross with short high baseNYSE:BAC good earnings report warrants a move higher. To observe not to be missed.Longby Silverbullet121Published 1
Looking very bullish on BAC for a swing!Thank you as always for watching my analysis. Please feel free to like, share and comment on this video. Long02:23by OptionsMasteryPublished 6
BAC - Massive Cup & Handle? Looks like a massive massive cup and handle forming, We just had a bullish break out of a very consistent downward parallel channel via a massive W bottom. More upside from here in cup and handle formation. Use proper risk management please! thanks! Longby The_GainsPublished 3
Long entry : TP @ $36old resistance becomes new support. entry at $29-$31. Use as stoploss please. Thanks!Longby The_GainsPublished 8
BAC, exemplary growthThe best example of EWA growth. It does not look like a crash is coming. Wave 5 is needed. But there is still room for a fall of 10-30%.by VT-2Updated 2
BAC falling wedge ideaNothing crazy it's running into overbought territory on weekly there was some reasonable volume that came in for the er's it has some solid resist up to 35 but if it can get over that then sure send itby feveromoPublished 112
BAC is on Sale right nowDaily chart is showing an EXTENDED TREND and most likely needs to pull back below the 50 SMA. Multiple TrendCloud Signals on the 1 hour and 15 min charts to the downside. The deep pullback on the daily chart as is falls below the 50 SMA will be seen as trend reversal on the lower timeframes. Once price goes below the daily 50 SMA we can start looking for support levels and watch for a crossover to take place on the 1 hour chart to the upside. Then you can start buying it up again. by thechrisjulianoPublished 220
BAC The Bank of America Corporation (BAC) got rejected again on its 1W MA50 (blue trend-line), a level that has been acting as a Resistance since the March 2022 break-down. This has created a Lower Highs trend-line that is the key pivot level now. But before that, let's see how it's been trading on a +10 year basis. As you see on this chart, ever since the November 2011 Low, the stock has been trading within a Fibonacci Channel, with the extensions serving as very accurate Resistance and Support levels. We have seen 1W MA50 rejections after strong corrections in April 2016 and June 2020. Each of those times, the price hit the Buy Zone (green) before rebounding to a Higher High, while the RSI on the 1M time-frame hit the 38.80 Support. The 1M MA100 (red trend-line), which on March 2020 provided Support, acted once more as the long-term Support this March (2023), exactly at the top of the 10 year Buy Zone. As a result, BAC is a buy opportunity, but will only get confirmed when it closes a 1W candle above the Lower Highs trend-line. As far as a long-term target is concerned, the first Higher High on the Fibonacci scale was made on Fib 2.0 (March 2014), the second on Fib 4.0 (March 2018) and the third on Fib 6.0 (January 2022). Investors could hold, based on this sequence, until the 8.0 Fibonacci extension. It is interesting to point out that each Cycle within this Channel has approximately been 4 years and each of the rallies around 2 years, like the one we're currently about to confirm.Longby JbridgezUpdated 3
Bank of America versus Deutsche BankThis time, war is being fought by the banks! Got #Gold, #Silver, #Uranium and #CrudeOil?by BadchartsPublished 2
BAC Bull Flag and Relative StrengthBAC is forming a nice looking bull flag and showing great relative strength. Going to take a full position on this one at the open today. Targets $37, $38.59, $40Longby SWRLSUpdated 992
BANK OF AMERICA's outstanding performance Had this idea on July and it was a long term analysis and it delivered.01:39by SamnzimandePublished 1