4BAC trade ideas
BAC prepares to continue the bearish wavePrice is sitting at the neckline of " Head and Shoulders" Pattern.
We wait for a breakdown and a retest before considering a Sell position.
BAC pinbar play- BAC pinbar on the daily with high volume. (rejection of price from fib level)
- Bounce off the 0.618 lvl
- Needs to break 100MA on daily and fib level for a play
- MACD histogram curling to the upside
BAC CallTheoretical trade on BAC. Potential bounce on trendline. Looking at $27 BAC July 17 calls for $0.60. Note the two potential zones for profit taking and two potential stop loss zones. Obviously no idea what I'm doing, but wanted to publish for my own personal accountability.
Be careful of trendline breaking as we test it.
BAC LongBreakout bottom,
re-test structure level,
Demand zone confirmed
Estimate: ABC pattern, Size(C)=(A)
Entry: 25.3
Stop: 23;
Target: 33; risk/reward=1:3
This is a training homework. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
bank of america shorting opportunity on shorter time frame....here in bank of america it's shorting opportunity on 15 minute timeframe
simple setup : breakdown of trendline
downside of 200dma
resistance area rejection....
always keep stoploss while trading thankyou......
Buy opportunity for BANK OF AMERICA CORPORATION StockA downtrend was breached, the price was reflected from a daily uptrend, and RSI formed a positive diversion.
$BAC | Bullish Triangle Breakout and Double BottomTarget 1: $25.60
Target 2: $26.50
Target 3: $28.30
BAC - Bank of America I personally think that the best option is to stand aside: Prices might move inside the channel (as suggested by the Stochastic - Go short), but they can still turn up again.
Just wait if the price will be able to overcome the support level again before buying.
$BAC Lays the Groundwork for a Binary-Outcome RangeBAC offers a good example of the value of perceiving the big picture in terms of technicals, with key pivots coming at very obvious points in the chart narrative.
Right now, we may be defining an extended period pinned between $18-28, where we have long-term support and resistance, net-interest margins at razor-thin levels, and no conviction about the future.
Bullish SHS pattern for BACCurrently waiting to see if price holds support at $24.05 level. If so, we might see prices moving up to $26.50 to form the right shoulder of the pattern before moving down again. If it breaks support, price might move to the next support at $23.50 and below.
Can America get $BAC on its Horse?? The GAP has been filled...
The Fed has spoken...
The more than $80B a month will continue
until further notice...
So is this $80B good for Bank stocks??
We would say YES!
$BAC - rejected @ 29 again$BAC
Few things to note:
1. Rejected a second time @ 29
2. Small $0.50 gap im looking to have filled
3. Looking for a bounce/ fall through @ $27 (set alerts)
4. RSI: in oversold territory - indicating a continued selloff
5. SMI at multi month high and rolling over.
Plays:
1. Buy over 29.50 and use 28 as stop loss
2. If is bounces at 27, enter @ 27.50 and use 26.50 as stop loss.
3. Potential in bearish case to move back towards $25 as a entry point.
$BAC could Mind the Gap! or Head for $30 Watch for YCC!How would the BANKS react if the Fed
institutes yield curve control (YCC)??
Do we see $30 or go back and fill the GAP!
Expecting short term pull back on bullish channel The markets rose quite a bit this week due to positive job reports for May, which has given investors positive outlook for the markets. However, BAC is at the top of the channel so i expect it to pull back a little bit before climbing higher. Might buy a few puts depending on where the price action heads during market open. if it breaks the channel it is also a good sign.
Any thoughts on this are appreciated, Thank you and happy trading!
BANK OF AMERICA Analysis in 2h TF Bullish then BearishHi Traders, I'm sharing with you my humble vision concerning BANK OF AMERICA , I'm seeing a slow uptrend going to the first level followed by a fast bearish movement down to the second level, It's my prediction to this market. Please don't hesitate to comment and give me your remarks guys, good luck for you all :)
