BANK OF AMERICA (BAC) is showing signs of net buying / accumulation at the current levels -- conveying anticipation of the April 18 earnings results. The last December 2022 results beat expectations -- and it looks like the confidence will be the same for this season.
SEEDED L at 27.5
TAYOR.
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Here are some fundamental data last quarter 2022:
DECEMBER 2022 (DATA)
EPS (USD)
Expected
0.77
Reported
0.85
Surprise
10.71%
Revenue (USD)
Expected
24.22B
Reported
24.53B
Surprise
1.28%
SEEDED L at 27.5
TAYOR.
-------------------------------------
Here are some fundamental data last quarter 2022:
DECEMBER 2022 (DATA)
EPS (USD)
Expected
0.77
Reported
0.85
Surprise
10.71%
Revenue (USD)
Expected
24.22B
Reported
24.53B
Surprise
1.28%
Trade active
We got a good initial upside on BAC. More to go.Note
Numbers are IN!March 2023 1Q RESULTS:
EPS (USD)
Expected
0.82
Reported
0.94
Surprise
14.60%
Revenue (USD)
Expected
25.22B
Reported
26.26B
Surprise
4.11%
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no where but up for BAC.
Trade active
Accumulation is still ON. Significant Upside still in play.Note
MACRO VIEW : MONTHLY DATA - Accumulation is definitely ON for BAC.KEY NOTES:
MONTHLY PRICE shifting significantly.
7-month Major order block support bounce.
Surging net volume.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.