As you can see in the chart NYSE:BAC Had started A massive uptrend in the last 11 years that It's almost over by my point of view. Sl of this Analyze is 35$. In the second blue zone we can risk free our position by your own Strategy.
Bank of America seems of have broken a bearish wedge pattern of 10 years. If this holds, this could be the start of the mother of all crashes....
Here you can see that Bank Of America is trading in a down-trend now days and moving towards the strong support line which comes from past and already Market had test this support line two times in 2016 & 2020 respectively. Now if BAC broke 26.32USD then we can take a trade for a further downside with the target of 23.50USD .
Back in March, all we could read about was the "Banking Crisis" whether it was written by mainstream financial media or Bitcoin Maxi blogs. Truly, the great end of the US Dollar was upon us finally, right? Well, like all panics, the fear abates and we can now see that said crisis amounted to only 3 banks failing for specific and now well understood reasons. ...
BAC has similar to MS setup though looks to have started wave 3 of circle wave 1 already. Expect to see circle wave 1 landing somewhere in 15+ zone before a pullback in circle wave 2 sometime in 2026. Bear in mind this is the view on the financial sector, which imo is leading the market and can be used as a benchmark for the US economy. Major stocks (big tech,...
In this video, we'll take a closer look at the technical analysis of Bank of America ( NYSE:BAC ) ahead of earnings and identify key levels to watch. Starting with the weekly chart, we'll analyze the overall trend and momentum of the stock. Moving to the daily chart, we'll look at recent price action and important levels of support and resistance. Next, we'll...
I think BAC Bank of America is one of the few beneficiaries of the small banks bank run that we are witnessing today. Big banks are the safest places where you can place your money right now. Looking at the BAC Bank of America options chain, i would buy the $30 strike price Calls with 2024-1-19 expiration date for about $2.85 premium. Looking forward to read...
I know that whenever something drops by 30 or 50 or 70 percent in one or two days it seems like you might be able to smash buy and ride the bounce back to the top, but just take a look at how well that worked out for tech stocks once the market started to correct at the end of 2021, or just take a look at how well that worked for Silicon Valley Bank dip buyers who...
We have very good trading ideas on USD pairs and also 2 stocks that I am currently watching for possible entry. USD pairs are heading for monthly open in my opinion and I will be willing to enter if it reached there. ( 8 Min. Video) let me know what you think and follow for more
📣 Hello everyone! I believe that the entire growth up to 2006 is the first impulse wave of the cycle, which stretched for about 33 years. From 2006 to 2009, the ABC zigzag in the wave of the second cycle adjusted the entire growth by -95%, pushing the price of Bank of America shares back 25 years. I am now considering with a hypothesis the completion of the...
Shorting Bank of America a bit more, we just need to reach some of those Fibonacci goals. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals,...
DESCRIPTION: The chart above shows a relationship between KBE & SPX which is important for the current ongoing banking issues. KBE is a BANK ETF that reflects the overall performance of the banking sector in the United States. At the moment there is a major discrepancy between KBE & SPX value. Normally there is a consistent relationship between the banking sector...
In the long run, it's still one of the best investments. Its net charge-off rate rose to 1.61% from 1.50% in January and from 1.26% a year ago. By comparison, the metric was 2.55% in February 2020.
Looks like the diamond pattern has broken completely and price project is down to approx 25 - 23. Coincidently the june 16th $23 puts have seen massive action yesterday (3/16/23) and today 3/17/23 Do you see what I see, yes or no, any thoughts otherwise or in agreement?
Hi there. Price is moving impulsively to the downside. Wait for the price to form a continuation pattern and watch strong price action for sell.
Bank of America (BAC) shows a lower low bearish sequence from 1.10.2022 high favoring further downside in the stock. Near term, cycle from 2.8.2023 high is in progress as a 5 waves Elliott Wave impulse. Down from 2.8.2023 high, wave 1 ended at 33 and rally in wave 2 ended at 34.56 as the 1 hour chart below shows. The stock resumes lower in wave 3 with internal...
Number two is Bank of America, this one looks even worst than JP Morgan Chase. No introduction needed as I already did it with JPM but if you missed the other article let me just say that we are likely entering a "Bank Holiday" period. Bank Holiday refers to the process of the bankers celebrating as the wealth of 20-40% of the worlds population vanishes. Ok,...
Bank of America is one of the largest banks in the United States, with more than 4,000 branches and 16,000 ATMs located across the country. In 2008-2009, the bank was among the many banks that required a government bailout during the financial crisis. Despite these controversies, Bank of America remains a major force in the banking industry and continues to be a...