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BANK OF AMERICA CORPORATION

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BAC trade ideas

Burton Malkiel should Reconsider Market Randomness..!last night I published 3 analyses on 20 tickers and shared the links with my followers. (private posts) 20 out of 20 tickers behave as predicted today..! The odds of being correct is 1 in 1,048,576..! Banks: BAC,WFC,JPM,C,MS,and GS They are all down but they are near their support levels. they could experience a rally before their earnings! Keep your eyes on them for a possible 10% rally. Airlines: AAL, DAL,UAL,LUV,ALK, and SAVE They all made bearish engulfing (except SAVE), in the weekly chart near the upper border of a bearish channel! Lower prices in the coming weeks are the strongest possibility! EV makers: TSLA, LCID, RIVN, FSR, NIO, XPEV,Li, and WKHS All of them rejected their resistance and could experience lower prices, but the exception is LCID which is already at its support! LCID could be the only one to experience higher prices..! Have it on your watchlist! Today's charts: Banks: 6 out of 6 positive..! Airlines: 6 out of 6 negative! EV makers: 8 out of 8 negative: Dear Mr. Malkiel, You need to Update the book you have written in 1973, 5 years before computers became available to public..! Best, Dr. Moshkelgosha M.D DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:BACLong
by Moshkelgosha
2
Bank of America is Shaping Up to Be Just Like PacWestWhen comparing the price action between BAC and PACW, it can be seen that both stocks exhibit the same price action, which is a Rising and Broadening Structure leading into the PCZ of a Bearish Alt-Bat, which all eventually came to a halt upon getting Bearish PPO Confirmation. This led to a breaking of the 21-Month SMA before ultimately flushing down to all-time lows after months of treating the 21-Month SMA levels as resistance. The same price action can be seen on Bank of America; it is just 1 step behind PACW at this point in time, which is the flipping of the 21-SMA into resistance. The next step would be for it to crash below the 2009 lows.
NYSE:BACShort
by RizeSenpai
(BAC) 3H - Bull Bat Type1 EntryI went long @ 28.45 yesterday. This pattern should be treated as a reaction; the Natural harmonic Reaction to the .236 retracement is the most likely outcome and is in fact a high probability trade. This patterns structure suggests that a move to 2.54-2.91 is certainly possible. I contend that that will not occur until the pattern at very least yields a NHR. Despite this possibility, I have my eyes on a larger move that perhaps will be a part of an emerging Harmonic Range. I am hopeful yet wary. The key will be the action at .236 retracement level. If price rejects there either a deep retrace to retest the lower median line or a divergent move to the 1.13 extension is likely to occur.
NYSE:BACLong
by moleman340
BAC Short Trigger incoming! Analysis of Bank of America Stock: Support, Risk, and Stop-loss Bank of America's stock is currently finding a support level at $28.71, backed by accumulated trading volume. This level presents a potential buying opportunity, as historical patterns suggest an upward price reaction when this support level is tested. In terms of daily price movements, Bank of America's stock displays average volatility, accompanied by robust trading volume. This places the risk level at a moderate range. In the most recent trading day, the stock exhibited a price range of $0.370 between its highest and lowest points, equivalent to a 1.28% fluctuation. Looking at the past week, the stock has maintained a daily average volatility of 1.68%. The Relative Strength Index (RSI14) indicates that Bank of America's stock is currently oversold, with a reading of 23. While an oversold condition on the RSI might lead some stocks to experience substantial and extended declines before a reversal, it's important to note that this also introduces a higher degree of general risk. It's advisable to consider these factors while evaluating your investment decisions for Bank of America's stock, taking into account the support level, risk level, and the potential implications of the oversold RSI condition.🩸
NYSE:BAC
by MpowerTradez_
BANK OF AMERICA is about to start the new 2 year rally.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. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:BACLong
by TradingShot
1
BAC: Quantitative Analysis and Targets Should you invest in BAC, or even more generally, banks right now? No. BAC is likely going to come down. If we look at its scatter plot chart below we can see more clearly the likely trajectory here: Touching that linear line is almost a guaranteed IMO, which is a price point in the mid 30s. I also expect it to come to or at least close to that quadratic line which is between $20 and $26. If you look at the monthly chart (Above), I have plotted out some key technical support/resistance areas as well. Bank stocks are not inflation resistant but tend to be more hardy against recessions. However, if this is what you are looking for, I would probably shift my interest to Canadian banks. They tend to perform better and are more secure. However, I wouldn't advise investing in anything Canadian right now, because the Canadian stock market is still currently trading at ATHs. RY is in ATH territory and its really interesting to see the huge disconnect between the NYSE/US market in general and the Canadian market. Canada is like, in a different world apparently, with no concerns of inflation, recession or anything, lol. Check out XIC (The SPY version of the TSX): My thoughts, no financial advice! Feel free to comment/question/critique. Thanks for reading!
NYSE:BACShort
by Steversteves
7
BAC Bank of America Corporation Options Ahead of EarningsIf you haven`t bought BAC here: Then analyzing the options chain of BAC Bank of America Corporation prior to the earnings report this week, I would consider purchasing the 30usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately $0.83. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:BACLong
by TopgOptions
1