BAC 30Earnings again this week. Clearly everyone is going to be making puts so I suggest calls. I am joking please don't. So it's looking like it broke out of the first downtrend channel, went into another little sell-off, and then moved back out of the downtrend on Friday. Volume wasn't high so no indications of a bullish move. Looking at Monday for the next candle. Resistance is 24.05. After that, we go to 26-27. IMO, I don't think the government will let the banks fail. Idk how Banks usually make money, I assume loans but idk the number of loans being made during this pandemic
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BAC, Buy PUT Aug 21st $23BAC, Buy PUT Aug 21st $23
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Bank of America testing trend lineBank of America is near a three-month trend line today as the entire market pulls back. $BAC is far from the strongest of the bank stocks, which are a weak sector in general, so it's quite possible it won't hold the support. I've picked up a July 31 option call and set an alert to trigger to me to sell if it crosses below the trend line. Estimize is forecasting small beats on both EPS and revenue on $BAC's next earnings report.