Great buy for BAC for possible 10% returnBank of America has been on a consistent horizontal trend with a strong support at about $26.00. Extremely oversold right now as it can reach $30.00 by the end of the year for an easy 10% return.
BAC
BAC long setupBAC price near to strong support line also near to trend line. possibly buy. wait for 123 pattern for confirmation. also watching this one .
Counting Waves of Bank of Americaits only a little piece of chart
hope this scenario occure in future
bank Of AmericaBank of America stock has one of the strongest uptrends in the market since the end of the financial crisis. In comparison with XLF, BAC is up 88% in 5y.
Since January stock has been trading in a range from $26.5 to $31.2.askbrokers
I will pay close attention at MA200, which stands as a strong support level and the price at $28.
If the price break below those levels, the long-term bearish sell signal will likely to come and mark the beginning of a long-term downtrend.
BAC reversed from resistance, potential drop!
BAC reversed off its resistance at 30.91 where it could potentially drop further to 30.78.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
BAC Compression PatternBank of America Corp. has been buying new technology in Artificial Intelligence, Machine Learning, Dark Data Mining, and Robotics. Like other banks, it has been stabilizing its stock with heavy Buybacks.
Bank Of America (BAC) buy signalsWeekly chart: Inverted Head & Shoulders + Golden Cross on Ichimoku (9,26,52)
BAC potential reversal!
BAC expected to rise up to 1st resistance at 30.91 where it could potentially react off and drop down to 1st support at 29.85.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
"Joe's earning season preview" EP02 : Let's Rock'n roll!The earning season already take places!
Let's check out the major names that will have their earning report this week with me yo!
Mon: C
Tue: GS, JPM, JNJ,WFC,UAL, IBKR
Wed: ABT, BAC, NFLX
Thur: MSFT, MS, UNH
and I got only 20 minutes so I didn't record down Friday names like AXP, BLK, and SLB!
Let's see how they go this week yo!
BAC Bullish Earnings ExpectationHaving bet the street's earnings estimates for the past 9 quarters, BAC looks bullish ahead of its quarterly earnings announcement today. With above average volume just confirming price action, we might expect to see an upside movement in the after hour markets today. The stock is currently above its short-and long-term moving averages, as well as breaking through significant support and resistance levels.
JPM - Inverted H and S on monthly, Weekly quad topEarnings July 16 before open, 9000 7/26 $116 calls bought last week and still in OI. Inverted H and S on monthly, Weekly quad top. Stockcharts july seasonality for jpm and banks are 100%
Daily BAC stock forecasting analysis05-Jul
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Falling section of high risk & low profit
S&D strength Trend: About to begin a downward trend as a rebounding trend gradually gives way to increasing limited rises and strong falls.
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening.
read more: www.pretiming.com
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.2% (HIGH) ~ -0.5% (LOW), -0.2% (CLOSE)
%AVG in case of rising: 1.6% (HIGH) ~ -0.2% (LOW), 1.1% (CLOSE)
%AVG in case of falling: 0.5% (HIGH) ~ -1.7% (LOW), -1.1% (CLOSE)
BAC NYSEVery simple:
If price breaches 31.75
enter trade: 32.70
exit trade: 40.65
stoploss: 30.79
Good Luck,
Daily BAC forecast timing analysis by Supply-Demand strength24-Jun
Investing strategies by pretiming
Investing position about Supply-Demand(S&D) strength: In Falling section of high risk & low profit
Supply-Demand(S&D) strength Trend Analysis: About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises fluctuations
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
Read more: www.pretiming.com
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 1.4% (HIGH) ~ 0.0% (LOW), 0.9% (CLOSE)
%AVG in case of rising: 1.7% (HIGH) ~ -0.3% (LOW), 1.3% (CLOSE)
%AVG in case of falling: 0.4% (HIGH) ~ -1.7% (LOW), -1.1% (CLOSE)
Price Forecast Timing Criteria: Price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
BAC reversed from resistance, potential drop!BAC reversed off its resistance at 29.21 where it could potentially drop further to its 27.43.
CITI: The Citi of Compton Rising Wedge, will we hit the target?Rising Wedge, will we hit the target? Will probably take some time to hit it but seeing similar pattern in BAC etc.
Hit me with a follow and let's retire.
BAC approaching resistance, potential reversal below this level BAC is approaching our first resistance where we might see a corresponding drop below this level to our first support level. Stochastic is also approaching resistance where we might be seeing a corresponding drop in price.
BAnk of America $BAC This is what I am looking at. I determined both directions not acknowledging the sideways trend. #Options
BAC Short ScalpOn this one, I'm going to trade a short scalp on BAC.
A resistance that have showed to be valid is tested again just before the weekend and after that seen some bearish conformation that it is not ready to break yet.
With a slightly high RSI at 70 I'm getting in.
The target is where I drew the support on the chart.
Thanks for reading!
Wesley
BUY $BAC! Easy, peasy, swing-trading is easy.Price has bounced off the 26 day avg line showing us the support is still valid and safe for entry.
Patiences is the virtue of trading.
Trading analysts, not financial advice.
