Rare investment opportunity! Bank Of America buy signalsBank Of America (BAC), monthly chart: 20 years long(!) mirror level + Support line + Divergence + Hammer
BAC
@BAC - BUY CCI 20 Close (-99.83) - undervalued since 16 june '20BUY ONLY FOR THIS ONE :
@BAC
Expecting 16 Jul 2020
EST EPS USD 0.33
Last EPS USD 0.40
Last DIvidend per Share USD 0.18
@BAC - BUY based on CCI 20 Close (-131.61)BUY only for this One...
@BAC
Estimated EPS USD 0.33
Last EPS USD 0.40
Last Dividened USD 0.18
BAC - Showing weakness ?Hello Everyone! Today quite a weird close for BAC few cents below its 50 moving average, this moving average sustained the price action since the lows of March, is this behaviour a sign of weakness ? It might be, as it had all chances to close above this level and it finished below.
Price is trading in an important area, very close to the 50% Fibonacci retracement, it might take any direction.
For north direction we have to see closing above the 50 moving average (23,87) to show signs of bullishness, for south direction watch the next hourly close below that level tomorrow.
Thanks for reading and post a comment if you like to do that and....may the market be with us!
@BAC - BUY based on CCI 20 Close (-73.12)Buy Only for This One...
@BAC
Estimated Earning Per Share USD 0.34
Last EPS USD 0.40
Last Dividend per Share USD 0.18
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.
US: Major Banks in uptrend, attractive Risk RewardMajor banks in USA e.g. JPM, BAC, UBS are showing uptrend hence buying opportunities on correction
Attractive risk reward
Following entries are valid only for trading on 15 June 2020
JPM
Entry: 99.35
SL: 97.53
Target: trail the price
BAC
Entry: 24.60
SL: 24.05
Target: trail the price
USB:
Entry: 37.25
SL: 36.70
Target: trail the price
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.
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 $80B good for Bank stocks??
We would say YES!
1600 pre foreclosures alone in Las Vegas already$ASPS over 1600 pre foreclosures alone in Las Vegas already, dont trust your realtor, possibly the worst time in history to buy a house, ride the foreclosure wave and invest in $ASPS. Nice consolidation and bear wedge, things baby is gonna be at the moon! Flush your mortgage stocks down the toilet $BAC $C $JPM $IMH $FBC $PFSI $PNC $WFC $FNMA $FMCC
$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!
$BAC Moon Shot to next Target $28.00?With the 9, 20 & 50MAs above a
key resistance line does that
bode well for BAC?
We would say yes!
BAC - Bank of America Technical AnalysisBank of America Technical Analysis - Before going long wait the resistance line will be broken, otherwise the other option is to go short for a short term investment where prices will keep moving inside the channel.
BAC - Bank of AmericaBoth Options A and B can happen.
Based on the importance of the resistance level that has been tested already two times, most likely the price can keep going up.
This is the reasons why I gave more chance to the Option B
$BAC Possible PUT OptionIt looks like $BAC (and the banks) are set for a lower session, and we could see $BAC move towards $21.....lets see what happens!!
.....Current BAC Aug 20 - 20 PUT are trading at 1.25 and are up 12%......#FranklinCap.....If you would like to see more of this from Franklin Capital hit the LIKE button and Follow Us!...Thanks!
(PS for those that looked at the Air Canada BUY yesterday....a cool 23% came your way!)
BAC - Update - Channel BottomedTargets above - Channel formed similar to many stocks in the market. Banks have had good volume past few days. Let’s see how long until we get to the top of the channel...
Bank of America: short vision4H Chart Explanation:
- Price broke the Support Zone (now Resistance).
- Price was on a Bearish Corrective Structure.
- It broke it and, now, it has potential to move down towards the Support Zone.
Weekly Vision:
Daily Vision:
Updates coming soon!
Dare Catch A Knife? Wells Fargo.Wells is now off more than 50% since the start of the Coronavirus pandemic. However, Wells suffers from much more than a pandemic:
Over the last two years, scandals around nefarious sales practices, some unfortunate executive departures, and an inability to grow top line has hit them hard, and the crisis has hit them especially hard in revenue terms.
We're now looking at 2012 levels, not too far from where we were during the financial crisis.
Peak to trough in 2009 we saw a 69% decline in $ NYSE:WFC ... more to go here?
