BAC LongDemand Zone
Entry 39.4
Stop 37.8
Target 45
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
4BAC trade ideas
INVEST IN BAC BANK OF AMERICAWe also notice in the analysis the appearance of a tail in the large candle, and this means buying with the break of the tops line
Time to take partial profits from Finance and Banking stocks We posted about buying BAC stock here . Now that it has breached the resistance level, we are taking some partial profits.......
Khans Intraday-Ideas 03/21/22 - 01 - BACInsideCandle on the Daily and nice AccumulationPhase. Financials lagged a bit last week. We still have a lot of open POCs above the current price
$BAC | WEEKLY WATCHLIST$BAC
Broke downtrend last week, let's see if we can find continuation this week.
📈$43.05 | $44, $45, $46
📉$42 | $41, $40, $38
$BAC CHEAP LONG$BAC has shown some ncie consolidation below its 200DMA and while this stock has a lot of resistance around its $44/45 level, I think it is a good swing if we can get a 4hr close above $43.50 to head back towards $46/47 at the short GP.
Short term drop in BAC detected for tomorrow -3% or moreI've been testing my trading system on Crypto very successfully. Take a look at my past ideas/predictions posted. I started working on applying the system to Stocks and the first trade was done on QQQ to catch the quick drop we saw to fill the gap. I'm seeing a similar setup and a high momentum drop.
If you are interested in seeing me make calls on stocks, like and follow me.
Please keep in mind that I'm not a financial advisor. Trade at your own risk.
Bank of America is ready to rally 👀 why i like this as a swing play, looks like after the double bottom bounce history wants to repeat itself, targeting 43 next week. ❤
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BAC Mid-Long Term Entry Play (Positions & Options)Technical Related:
- Double Top on BAC (already hit)
- Hit resistance level (around $38.25)
- MACD dipped extremely under half-line (more room for volatility)
- No further bearish technical indications
News Related:
- War between Ukraine & Russia heating up (bearish)
- Bank of America's financials are good + getting better (bullish)
- Buy rating given from analysts
- 1-yr price target: $51.57
- EPS Estimate: 3.26
The Play:
- Long-term position entries
- Long-term option entries?
- Mid-term option entries
*Please critique me on anything as I am new to charting :)
BAC Downtrend ContinuesMore room to run down based off the support lines. With the exposure to Russia this makes a nice short play.
Bearish on Bank of America. BACImmediate targets 44, 42, 40. Invalidation at 54.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
lovely bounce off support! 🔥bac had a very nice bounce off its extreme support zone recently..
now if we can break this trend/local resistance area at 45.5 then the rally should continue and we can target 47.65-58.73-49.96.
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$BAC Key levels, Analysis & TargetsBAC Key levels, Analysis & Targets
Time frame D1 Bearish Divergences in MACD & RSI Indicator
$BAC Potential Pullback SetupLooking for a pullback buy on $BAC May be something like this (orange bars).
Elliott Wave View: Bank of America (BAC) Looking to Extend HigheThe short-term Elliott wave view in Bank of America (BAC) shows that we are looking for more upside to complete a 5 waves impulse structure, before a 3 swings pullback at least. The impulse move started from 42.59 low to end wave 1 at 46.75. A pullback in wave 2 ended at 44.45 low. BAC then resumes higher in wave 3 with internal subdivision as another impulse in a lesser degree. Up from wave 2, wave ((i)) ended at 47.30, dips in wave ((ii)) ended at 46.00, wave ((iii)) rallied to 48.70 and a pullback appeared as wave ((iv)) ended at 47.98. The last push higher to finish wave ((v)) ended at 50.02. This completed wave 3 in a higher degree.
Wave 4 pullback is building already and we are expecting an ((a)), ((b)), and ((c)) zigzag correction to complete it. Wave ((a)) is ended at 48.94 and we can see a little more higher to finish wave ((b)) to turn lower again. BAC should bounce again after end wave 4 to continue the rally and it needs to break 48.70 peak to confirm that wave 5 has started. Once a wave 5 is done, BAC could find seller to begin a correction in 3, 7, or 11 swings. The view of the wave 4 is valid as we stay above 45.99.
$BAC interesting movement -Will be watching $48.57 Resistance will go calls if we break and puts if we continue to reject
-Banks will be interesting as CPI data comes out
-Will also be watching JPM & GS
-Ready to play both sides
BAC long @ 43.54Long BAC off the daily stoch tuned up and bounced off the 200 day and the capitulation candle. BAM
above all MA why TNX.
But lets not get all happy look weekly heading down so trend is down just a snap back into a down trend. Target 48
$BAC with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $BAC after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
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January 2022 Option trading results!Recommended position size for all the trades was 3% of the capital!
Net result based on Equalsie position: +110.5%
Option trading 110.5* 0.03 = 3% = +3.315%
and
Stock trading Ideas: +0.3%
If you have followed all my trading ideas (published by the trading bot) Your capital must grow +3.615% in January 2022:
In January 2022:
S&P 500: -6.06%
NASDAQ: -10.31%
DOW JONES: -4.25%
Russell 2000: -10.74%
Short Ideas are not considered..!
Best,
Moshkelgosha
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