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Bank of America Corporation Depositary Shares (Each representing a 1/1200th Interest in a Share of Floating Rate Non-Cumulative PrefBank of America Corporation Depositary Shares (Each representing a 1/1200th Interest in a Share of Floating Rate Non-Cumulative PrefBank of America Corporation Depositary Shares (Each representing a 1/1200th Interest in a Share of Floating Rate Non-Cumulative Pref

Bank of America Corporation Depositary Shares (Each representing a 1/1200th Interest in a Share of Floating Rate Non-Cumulative Pref

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BML/PL trade ideas

Bank of America: Old Highs in Play?Bank of America is jumping to new 14-year highs after a strong quarterly report. This raises an important question: Will the megabank now return to its previous all-time highs from before the subprime crisis? BAC peaked at $55.08 in November 2006. It inched lower over most of the following year, before the selling cascade hit. Prices hit a nadir of $2.53 in February 2009. They’ve gradually staggered higher since. A key moment occurred in March 2020, when BAC held the 2014 and 2015 high of $18. Since then it’s been a steady recovery. The stock was back over $40 by June. BAC then started a consolidation phase with a low above $38 in mid-June. There was a dip toward $36.50 in July and another stab toward $38 last month. The result was an inverse head and shoulders / high basing pattern. BAC flew back from those lows along with the SPDR Financial ETF (also forming an outside week). It made a new 52-week high before easing back to test the August peak of $42.84. Then came a strong earnings report, with healthy loan growth, and BAC was hitting new highs above $45. (It also formed another outside week.) The stock continues on that trajectory today, with no clear resistance on the chart. Given the steepening yield curve and ongoing economic recovery, BAC may continue its move. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NYSE:BACLong
by TradeStation
1
Elliott Wave View: Bank of America (BAC) Correction Should Find Short Term view in Bank of America (BAC) suggests the rally from July 19, 2021 low is in progress as a 5 waves impulse Elliott Wave structure. Up from July 19 low, wave (1) ended at 42.84 and pullback in wave (2) ended at 38.36. The stock has resumed higher in wave (3) with internal subdivision as another impulse in lesser degree. Up from wave (2), wave ((i)) ended at 39.80 and dips in wave ((ii)) ended at 38.94. Wave ((iii)) ended at 44.04, pullback in wave ((iv)) ended at 41.80, and final leg higher wave ((v)) ended at 44.87. This completed wave 1 of (3) in higher degree. Wave 2 pullback is now in progress to correct cycle from September 21 low before the rally resumes. Structure of wave 2 pullback is unfolding as a double three Elliott Wave structure. Down from wave 1, wave (w) ended at 43.27, wave (x) ended at 44, and wave (y) ended at 42.33. This completes wave ((w)) in higher degree. Expect wave ((x)) rally to fail for another 3 waves lower to end wave ((y)) of 2 before the stock turns higher again. Near term, as far as September 21 low pivot at 38.34 stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
NYSE:BAC
by Elliottwave-Forecast
1
2022 will not be a good year for Bank of AmericaI know nothing about this bank, I have never traded this stock, and I have never used their products. The recent outages this weekend that made headlines made me curious enough to look at the graph. That being said... MACD is not only declining, but it's also back to where it was before the IT bubble popped in the late 90's. It has simply gained way too much in too short of a time frame. I suspect it's going to print a head and shoulders pattern. And if it does, I see a much larger breakdown in the following years and return to 2015 levels again.
NYSE:BACShort
by pxzib2
4
Bank of America Bearish. BACPost Ascending triangle, and B wave of Zigzag. Quite a clear picture here and plenty of time to complete the zigzag. It's correcting now post most recent overbought state as well. 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 going down 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!
NYSE:BACShort
by Rykin_Capital
BAC Daily TimeframeSNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS. ENTRY PRICE BLACK COLOR TARGETS GREEN COLOR STOP LOSS RED COLOR DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING. It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave. The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe. Consider those points and you will have a huge advantage in the market. There is a lot more about this strategy. It can predict possible target and also give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts. START BELIEVING AND GOOD LUCK HADIMOZAYAN
NYSE:BACShort
by hadimozayan
BANK OF AMERICA Daily TimeframeSNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes. Start believing in this strategy because it will reward believers with huge profit. There is a lot more about this strategy. It can predict and also it can give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
NYSE:BACShort
by hadimozayan