BOAC trade ideas
Corona Wave 2 can send Bank of America to 11$Stopped at 200 & 50 Weekly MA
And death cross coming soon
Major trendline support
BAC (Bank of America Corp) - sell on slight bounce BAC (Bank of America Corp) is in complex correction as WXY, where Y is in progress. A impulse of Y down has finished and B up correction is on. So wait for B to finish near 26.05- 26.61 zone. Sell within that zone with stops above 27.76 for target below 22 or lower as C of Y wave.
Bank Of America short if dollar holds Stock symbol BAC has been hitting 4 hr trend line and falling if USD dollar can hold up strength looking for short to weekly trend line $.40 drop, late at seeing this chart but earlier had some nice shorts
Bank of America, still in trend without WBNew feature candlestick patterns show what BAC likes most jaja
...Still in trend! Come on!, Yes you can! just keep going! jajaj
it seems that some stocks need coaching little bit aaha
BAC BullWeekly momentum building against falling daily prices, bullish divergence. Just a theory here, don't trade what I publish.
Nice opportunity on the horizonDespite last week's shitty gains; BAC is still in an uptrend which started back in March.
I think it will continue to climb.
BAC DAily/Hourly demand zone 25.55 - 25.2 BAC DAily/Hourly demand zone 25.55 - 25.2
cmp:25.95 17 aug 2020 price quite near to demand zone, after making few exciting drop in hourly candles
pro:
1. 2 exciting candles legout
2. origin of upmove in hourly candles
3. good single exciting candle legout in daily location time frame
4. BAC is in trend till it hit next weekly supply
Con:
1.Approaching and near weekly supply
2. hourly candles lots of base in left of the zone, so zone might not work
3. SPY is near previous all time high, so if it correct. this level may not hold
Bac good long termThe moving average is good I suggest a wait for it to hit support line
Price target 25.10 - 25. 20
sell after long term New Highs or close
BACI will wait until it crosses this line up and the second bottom as confirmation that the down trend is over
BAC : Bouncing off or collapse ?Hello Everyone! Watch the closing of BAC today as price came closer to its 20 sma and looks like ready to bounce off heading north.
Where north ? if that will be the case 27,50 is next target, than 29,00.
If trend will remain bullish we are going to get confirmation from XLF as well, very close to its 20 sma the index looks like the photocopy of BAC, than if BAC will go up, XLF will do the same and vice versa. The things are connected.
What about a collapse scenario ? Well, we have few supports quite close as well: 32.8% Fibo level (24,85 usd) and 50% (23,55 usd), I expect in the worst case scenario these levels will hold the price.
Take it in two steps : check first closing of today, holding the 20 sma is the first step for the bullish case, and wait for a confirmation candle tomorrow, and....may the market be with us!
BAC Bank of AmericaToday's outlook: Buy from opening, then look for sell near 27 then buy back 25 late session or maybe tomorrow
this sums up overall market move today till tomorrow
Bank of America, possible long positionAfter spending some time watching the chart there are some things that I would like to highlight:
First of all the last candle stays in a crucial zone which is a resistance line. Besides, this candle is above the moving average (150) which could be a long signal and if we follow the analysis the fibonacci retracement lines (150) show us that the current price is below the 0.5 line.
I think that all of this could result in a long position.
I've also seen the fundamentals showing a "normal" P/E ratio and a PEG below the median of the banking industry (1.80 vs 2.20 approximately). Apart from this the stock has a price to book below one which could mean that the stock is quite undervalued.
So, that's my recommendation, hope you like it! Every comment or suggestion is always welcome.
Big players betting on BACThe biggest fish in the tank is betting on Bank of America right now. We know that he is a fundamental based player, but take a closer look at the chart.
The direction is in our favor.
Indicators are up-trending, but RSI is almost overbought, that is why I think we will have a small pullback before the break-out.
I hope this analysis was helpful :)
Plays it smart!
BAC - GREAT Short Opportunity, IF ... !!Hello! Friends,
This would be a great short Opportunity, IF NYSE:BAC breaks down the Daily Support line at $22 (with a whole Candle) !!
Long BACThis looks like a cup and handle formation in the making. With so much open interest on the calls, something is in the works. I'm throwing 100$ at this lol.
BAC Cup and handle formationBAC Cup and handle formation in the making. Most likely retest last support level and take off from there.
BAC : Long AttemptHello,
I think that the BAC weight can be increased by putting stop-loss in the portfolio.
Valuable Risk / Reward Ratio Target : 27.24
Take Profit Points
25.39
25.97
26.74
Stop-Loss : 23.91 or Close Under 23.91
Subsequent to 23.03 causes zone changes.
Regards.
