BAC - Where to go now?Sort of divergence ahead... News are not good:
markets.businessinsider.com
What are your thoughts here? Thanks!
BAC trade ideas
BAC A GREAT Deep Value Play In The Making But Not Yet This name BAC is a great deep value long term hold in the making keep your eye on the MFI - for "Oversold" on the one year chart - at that point you can sell puts and get the premium or hope you get the stock put to you or simply buy the stock - this name can reach depths no one thinks it can in these time s- Not advice - Do yor own DD
SALE BANK OF AMERICA CORPORATIONSALE BANK OF AMERICA CORPORATION take profit 22.91 and stop lose 24.94
May be a bullish or correction? alternate wave counts for both .Market Commentary:
First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the sort term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term.
Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analysing the pair and labelling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART..take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP.
BAC from weak trader to strong trader, I am weakBig pictrue of fundamental analysis and technical analysis. there is an epic time and everything is falling
Write sometning about your psyhology thinking before trade? I am little afraid to trade at all, but I shall still trying with the defferent ideas
Describe the trade. What you see? there is stop at around 20 euro, bears are geting weker, will bulls be able to overcome bears
Write why you want to enter the trade in this point? fibo line, three time tested level and bounce
What have I done well for this trade? getting in
What can I take away to help with later trades? a little bit more space for stock, because market makers see your stop
I also make a second bet but I was bustted again, so I stop betting on BAC, maybe I shall make a rule that never try to second guess
BAC coming close to where we can open a long position?Bank of America with its decent yield of about nearly 4% and a decent balance sheet maybe a good bye during this down turn. The trend drawn above show that approx $18.10 might be a key point for the stock. I would wait for it to reach there and show us a bounce to confirm my idea before opening a long position. As always I am a long term investor looking to buy and hold equities. Please like and comment.
Thanks everyone!
"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" - Warren Buffet
BAC Amagó con cruzar la WMA21 para arriba pero finalmente termino abajo, aun no da señal de compra aunque los indicadores si los estén dando, nos mantenemos al margen y vemos mañana que pasa
BAC head and shouldersHow many trillions will they print to save it? they print the money but it doesn't go towards paying workers or saving stock price, companies getting billions from govt yet paid none in taxes, unemployment at 32%, where is the stimulus going?
BAC ResistanceThere appears to be key support at $18 not only now but throughout the history of the stock. Expect big moves for the rest of the week depending on whether or not this willbreak through the $18 support
$BAC Wedge + Trending + DivergenceMonthly Chart
Weekly Chart
1. Wedge
We can see in the 1-hour chart of Bank of America that is forming a wedge. We can see the wedge with the purple lines in the price chart.
2. Regular Divergence
In addition we can also see a regular divergence from 6th March to 23 March while the price was falling the indicator in the Rsi was rising.
3. Trend Line
We can see better in the monthly chart that there is a trend line that is forming from about 2008. The next days that will be tested.And the is the second more general trend line forming decades before.
4. Support Line
Also if we look in the monthly chart we will see that there is a main/strong support line that in the next days will be tested again. The 1st support line lies around at 15.24$ and the second at 4.92$
From the first two factors we can see that might be a breakout and form a new uptrend. At the 1 hour chart we will see that the wedge the 1st trend line and the 1st suport line get together in one spot.
So the first scenario will be to test that support at 15$ and form a new uptrend.
The second scenario is to break that support and fall until it lands at the more strong 2nd support and resistance at around 4,5$ and then form a new uptrend from there .
Scenarios
BAC - We are repeating the 2008 dropHello everyone, as we can see we are heading for the same % drop as in 2007, so expect till March - May 2021 the price to be around 5$ - 2.5$ . We do have support at 10$, but giving the fact how the 2007 crysis turned out for BAC with more than 90% drop, right now we are seeing record big drops, I see -90% from all time high price again. Right now we will see temporary retracement to the upside, but it will be fore 1-2 months, then we will drop again. Good luck to everyone, see you next year :D
BAC monthly buyBAC has formed a long legged H&S if that's a thing? along the uptrend that has formed. Following the monthly momentum of the MA we can see that it is moving upwards, and from past bounces we can see that the purple MA is the optimal buy point for BAC. Lets get that money!
baclml line of chart is 18.37 but price may test 17.81.if price break 17.81 then accordind red arrow will go to 14.15
Analyzing BAC price movements I notice a RSI divergence formingHi Everyone,
First time publishing my ideas on tradingveiw. After analyzing BAC price movements, I notice a RSI divergence forming on BAC. The divergence can be clearly seen forming. Let me know what you guys think .
P.S.
Sorry for the audio.
BANK OF AMERICA CORPORATION (BAC) WeeklyDates in the future with the greatest probability for a price high or price low
