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BAC

Elliott Wave View: BAC Approaching Short Term Support Short term Elliott wave view in Bank of America (ticker: BAC) suggests the rally from January 27, 2020 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from January 27 low, wave ((i)) ended at 33.49 and pullback in wave ((ii)) ended at 32.65. The stock has resumed higher in wave ((iii)) which ended at 35.45. Internal of wave ((iii)) subdivided in 5 waves impulse in lesser degree. Up from 32.65, wave (i) ended at 33.40, and wave (ii) pullback ended at 32.92. Stock then resumed higher in wave (iii) towards at 35.01. Wave (iv) pullback ended at 34.24 and the final leg wave (v) of ((iii)) ended at 35.45. Wave ((iv)) pullback is in progress to correct cycle from January 30 low before the stock resumes higher in wave ((v)). The pullback is unfolding as a zigzag structure where wave (a) ended at 34.78 and wave (b) ended at 34.97. Potential area to end wave (c) of ((iv)) is 100% – 123.6% Fibonacci extension from February 12 high which comes at 33.9 – 34.3. From this area, BAC can then extend higher or at least bounce in 3 waves.
NYSE:BAC
by Elliottwave-Forecast
BAC: Confirmed long term trend...I published this one only now, I've been long for a good while, and banked profits recently. I bought $BAC today, near the closing price. I think this stock is primed for a huge rally, that will end in a new all time high by 2021. Definitely one of the strongest long reccomendations I can make to benefit from the long term trend that is active in the S&P500 right now. Management is very competent, and earnings reports have been very positive for the company since banking regulations started being eased recently. This is a big positive for financials, and with $BAC's capable CEO continuing to reach their goals on time, reducing costs and operating at huge efficiency ($BAC has one of the highest efficiency ratios among its peers), and most people pessimistic about the outlook of the economy and the stock market, the path of least resistance is up.
NYSE:BACLong
by IvanLabrie
BAC: Good daily signal...long term trend is up$BAC offers a good entry to join the long term trend here. The daily timeframe flashed a signal today, if it holds over today's low give or take it will likely accelerate up from here, moving higher for 6 days, before consolidating once more for a week or two. Fundamentals are in place for a massive trend up in financials, with regulations loosening recently, since the financial crisis of 2008. $JPM and $BAC are two favorites here, going into 2021. Earnings reports are also extremely positive for the company, with management doing well on their promises, and digital banking reducing costs substantially for $BAC. Very low risk position for the long term. Cheers, Ivan Labrie.
NYSE:BACLong
by IvanLabrie
BAC - WEEK CHART Hi, today we are going to talk about Bank of America and its current landscape. As nowadays we live in a consumerist society and access to a credit card has continually become easier to obtain, is reasonable to predict that the card debts are also going to rise too, as financial education isn't the strong point of U.S consumers, and are used to the debt culture. The heat up U.S economy put credit card companies in a more comfortable zone as the unemployment rate remains near to historic lows, which helps customers to keep up with their bills. However, the question that worth to be raised here is, if the 90 days past due card debt is probably surging to 2.01%, the highest level since 2010 amid a heated economy, what is going to happen with this type of debt, once the U.S economy make its first downward movement of correction and make harder for customers pay their credit card bills. Even with the credit card issuers tighten their credit standards, we can't be sure it's going to be enough to avoid a crisis on the sector, which could lead to a flood of bad debt, decline of new credit card issuance and other types of liabilities. This scenario could mean concerning news for Bank of America if the company doesn't progressively start to deploy the proper countermeasures for this scenario. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
NYSE:BAC
by Igor-Silva
1
Bank of America Bearish Butterfly (Daily)Good evening ladies and gents, Bank of America Shorting opportunity here. Entry would be inside the pink box, (safest possible entry is at the top of the box at the 1.618 "$34.07" golden mean ratio. Stop set for slightly over 3% with a 10+% exit targets. You could take profit at B and also common retrace areas. Once a definitive swing is set, I will post exact common retrace targets. Join our Free Telegram Channel: t.me We are a new community growing day by day in hopes to accomplish a trading premium group by December 1st of 2019. Subscription prices are $99 a month, $499 for 6 months and $999 for a year. We give the best possible technical analysis with a touch of art work to it hence the name "ChArtWorks" ;). "We remove the hard work from your end and just give you the trade set ups along with education." Don't let the prices scare you, we give TA free too! But the most benefits are in the Elite Channel. 50% off all Contracts for Military Veterans and Active Duty Service Members, just provide your DD214 or Military ID for proof of Status. Discharge Type is completely confidential and does not need to be shared. I am a Marine Vet myself and I will not share any information regarding Military status with anyone else. Feeling generous and wanting to show us love and support? Donation addresses are listed below $Usdc: 0xe3b95b4575d6456D090ac24Ad4DC8D46C9c97b2C $Bitcoin: 3Jg9ng234aJdgz3zzt3iCyeb124eAmKs5N $Ethereum: 0xd251Cc3b78e92191B5dEC4E0D2f2acDCa5B33599 $Litecoin: MRHupJeTegPM2a8AJewC3B1oqq7Mpjr1MK $Xrp: rw2ciyaNshpHe7bCHo4bRWq6pqqynnWKQg Tag: 2183371567 $Bat: 0x9b95E0Bd4556dbb0b407B32f43B923607b896F48 $ChainLink: 0x559d92B08D72Fe20B0aF063ebE59ead6612c2b00 $Dash: Xq5kCnMknHrknC2ipw1JGuRcdbDtbTSqWU $Beam: 553e2b176e611674559f92b8fa10f5d129bd80acd14fb5f8d6e387ab4f0b281144 $XMR: 4DSQMNzzq46N1z2pZWAVdeA6JvUL9TCB2bnBiA3ZzoqEdYJnMydt5akCa3vtmapeDsbVKGPFdNkzqTcJS8M8oyK7WGj2kh3ajCzSUSAQTr
NYSE:BACShort
by ChArtWorks_TechnicalArts
8
Elliott Wave View: BAC Starts the Next Leg HigherBank of America (ticker: BAC) shows an Elliott Wave bullish sequence from August 15, 2019 low, favoring further upside. The decline to 27.19 ended wave (2) and the stock has resumed higher in wave (3). The internal of wave (3) is unfolding as a 5 waves impulse Elliott Wave structure where wave 1 of (3) is expected to complete soon. Up from 27.19 low, wave ((i)) ended at 28.62, wave ((ii)) ended at 27.46, and wave ((iii)) ended at 30.72. Expect the stock to pullback in wave ((iv)) and turns higher 1 more time in wave ((v)). The 5 waves move higher should end wave 1 of (3). The stock should then pullback in wave 2 to correct cycle from October 3 low (27.19) before the rally resumes again. We don’t like selling the proposed pullback as it’s against the direction of right side tag. As far as pivot at 27.19 low stays intact, expect dips to find support in the sequence of 3, 7, or 11 swing for further upside. Potential target to the upside is 100% Fibonacci extension from August 15, 2019 low towards $31.2 – $32.2.
NYSE:BACLong
by Elliottwave-Forecast