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BANK OF AMERICA CORPORATION

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BAC trade ideas

‘Bank of America my account got 6 figures’ 🎶So one price gap has been filled. One more to go. Let’s see how this goes. The stock market is still not in the clear. I did long at the dip a few weeks back. If it goes lower I will purchase more. Airlines are important for the USA. They will not let China or other nations take over the aviation industry. The government has to bailout or create some new financial tool. The USA is king of financials. In my perspective they will buy every share from the airline to prevent China from taking over.
NYSE:BAC
by JacobTrader100
Bank of America D1. Good perspectiveBank of America stocks collapsed, as did the entire stock market. But in the near future, the banking sector will be of great relevance. The quarantine period stopped most of the business, creating a crisis situation. Banks also suffered from this, having lost a large cash turnover. At present, the economy is beginning to slowly revive and business is restoring its activity, which will lead to increased activity of the banking system. Also, many businessmen will be forced to take loans, because not every business has been able to withstand the quarantine period financially, and it needs a financial incentive. This situation will increase the profitability of banks and will stimulate bank shares to grow. Bank of America is one of the largest US banks and one that sets the trends in the banking system of the whole world. He has great prospects in the near future.
NYSE:BACLong
by StrongBull777
6
Rising triangle and possible future breakoutBAC forming a triangle. I've been waiting for a good entry for about a week. $22.66 has also been an important line of support in the past. The reward is not super high, but neither is the risk. I'm going to enter now with a stop-loss at $22.45, which is about 2%. I'm hoping to sell some at $25.3 and then either wait for a breakout or buy into the retracement. Fundamentals look good too. Analysts say that BAC is either buy or hold.
NYSE:BACLong
by QuantumMaster