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Bankofamerica

Bank of America - Extending higher from the bullish flagBank of America Corp - Short Term - We look to Buy at 37.17 (stop at 35.28) Posted a Double Bottom formation. Prices are extending higher from the bullish flag/pennant formation. The formation has a measured move target of 44.30. Further upside is expected although we prefer to set longs at our bespoke support levels at 37.17, resulting in improved risk/reward. Our profit targets will be 44.30 and 48.82 Resistance: 38.60 / 40.37 / 43.75 Support: 37.15 / 36.20 / 32.63 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:BACLong
by VantageMarkets
$BAC IS THE RALLY OVER 📉🔸️Ticker Symbol: $BAC 🔸️Timeframe: 4H 🔸️Investment Strategy: Short TECHNICAL ANALYSIS: $BAC Post earning has increased in value 24.24% at its max. Is this rally sustainable? If we take a look at our linear regression indicator it suggests we are in the top deviation level. Now historically when we have entered this area, we have seen a nice move lower on $BAC. We also have our white line on the dashboard representing "money movement" shifting lower while the price of the stock is currently still increasing. This is known as divergence. With all of these indications sounding at the same time I do believe we could potentially see a nice selloff on $BAC in the coming week. Please leave a comment below on your personal investment strategy. 🔔 Follow for daily stock, crypto and forex technical analysis. ⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. Trendsi Trades LLC is not a financial advisor and may not be held liable for any losses which may occur.
NYSE:BACShort
by TrendsiTrades
BAC: TurnaroundBank of America Corp Short Term - We look to Buy at 32.43 (stop at 30.27) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Previous resistance level of 32.32 broken. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. We look to buy dips. Our profit targets will be 37.49 and 40.00 Resistance: 37.50 / 44.00 / 50.00 Support: 32.32 / 30.00 / 26.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:BACLong
by VantageMarkets
$BAC - Bank of America - Bullish Move$BAC - Long this stock - 3 indicators confirm the bull trend 1. The Hiekin Ashi candles have indicated a Bullish Move. The bear trend stopped with a large green candle on the Hiekin Ashi chart. 2. The candles have bounced off a common resistance area. Previous areas have shown resistance. 3. The RSI is indicating it has been oversold. Every time this stock has oversold there is a reversal. 4. The Q1 Earnings show great potential for this stock to grow. Targets - Long the stock Buy @ 39.57 Sell @ 43.79 Stop Loss @ 38
NYSE:BACLong
by McCubbin
Bank of America Spike on EarningBank of America stock NYSE:BAC had a swing trading Spike on earnings today (see below). The spike on earnings is a catalyst I like to look for as a potential risk defined long BUT it is occuring within price action at no clear prior support level. The broad COVID > High 50% Retracement is down at 34. It will still be worth watching today's Daily close to see if price recovers the March low for a potential failed bearish breakout. Sitting and watching for now.
NYSE:BAC
by norok
1
Bitcoin & Pre-Market - Reasons to remain cautiously optimistic!Traders, We have tested our multi-year support yet again! As you know, this is something I did not want to see us doing. However, our support remains incredibly strong and thus, we have bounced yet again off of that support. This is now the 16th or 17th time (depending on what one classifies as a touch) that we have tested our support. Currently, Bitcoin is forming a bullish hammer candle. Let's to a quick review of our charts here. ⛓️ 🔗 Useful Links 🔗 ⛓️ (see below)
INDEX:BTCUSDLong
by stewdamus
$BAC Key Levels, Analysis & Targets $BAC Key Levels, Analysis & Targets Bank of America… Ok… I’m starting to setup swing plans again… All target are buy targets… Have each target locked and loaded, and once it fills load the next buy target. After each target hits set your SELL order for 17%… (that’s the lowest and I’ll adjust this along the way) Happy Swinging… --- I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
NYSE:BACShort
by SPYder_QQQueen_Trading
BAC Mid-Long Term Entry Play (Positions & Options)Technical Related: - Double Top on BAC (already hit) - Hit resistance level (around $38.25) - MACD dipped extremely under half-line (more room for volatility) - No further bearish technical indications News Related: - War between Ukraine & Russia heating up (bearish) - Bank of America's financials are good + getting better (bullish) - Buy rating given from analysts - 1-yr price target: $51.57 - EPS Estimate: 3.26 The Play: - Long-term position entries - Long-term option entries? - Mid-term option entries *Please critique me on anything as I am new to charting :)
NYSE:BACLong
by yewac
Bearish on Bank of America. BACImmediate targets 44, 42, 40. Invalidation at 54. 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. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NYSE:BACShort
by Rykin_Capital
Bank of America Banking on a drop. BACShort term outlook. Bearish outlook for gains at 46, then 45. 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. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NYSE:BACShort
by Rykin_Capital
Bank of America | Fundamental AnalysisUnder Brian Moynihan's leadership, there has been a simply astounding transformation of Bank of America's business after the deep financial crisis. The bank has transformed from one institution whose viability was in question to a better institution with exceptional asset quality, a priority on effectiveness, and industry-leading technology. And investors who bought stock in turbulent times have been well rewarded. Throughout the past decade, Bank of America has delivered an unbelievable 820% total return, and investors who bought it during the worst moments of the financial crisis have done even better. Nevertheless, many analysts still call Bank of America stock "cheap," and with a reasonable explanation. Given several catalysts that could lead to earnings growth in 2022 and beyond, could Bank of America, which currently trades at about $48, reach $100 within this year? Some pretty compelling catalysts could push Bank of America's earnings up in 2022. Interest rates and inflation are possibly the most critical for investors to understand. Let's start with interest rates. The U.S. Federal Reserve looks set to begin raising interest rates in 2022 to curb inflation, and investors expect at least three 25-basis-point rate hikes, as per the futures market, with a high probability of four or more. That would raise interest rates on loans for banks in general, and Bank of America, with its high share of non-interest-bearing deposits, would benefit the most. The bank estimates that raising the yield curve by 100 basis points would result in an additional net interest income of $7.2 billion a year. Then there's inflation. Higher inflation not only usually leads to higher interest rates, but also means higher consumer prices. Not only does this mean that consumers are paying higher interest rates, but the average amount they need to borrow to finance the purchase of a new car, house, or other purchase will also increase. One proviso is that rising interest rates can lead to lower consumer spending and other economic activity, and if rates jump too high, it's definitely worth keeping an eye on. But since interest rates are near record lows, there will be plenty of room for them to rise before it has a significant impact on spending. Over the past couple of years, bank investors have been worried about the possible consequences of the COVID-19 pandemic on businesses, such as loan defaults and foreclosures. And fortunately, the banking industry seems to have managed to avoid any negative scenarios. On the other hand, it's easy to miss some of the positive statistics and strong results achieved over the past two years. For instance, the average current account balance at Bank of America is now 40% higher than it was in Q3 of 2019. Digital sales (e.g., customers getting credit online) are 33% higher than before the pandemic. And Bank of America has raised its investment banking market share by 60 basis points to 6.9% over pre-pandemic times. In short, Bank of America enters 2022 in excellent shape for its business and is in an even better position than before to benefit from a strong economy. Bank of America stock will likely be worth $100 in the not-too-distant future, but within the next year, it is unlikely. The Fed is not forecasted to raise interest rates much in 2022, and while consumer interest rates are likely to be higher a year from now, there is little reason to believe that they will jump enough to double the bank's profitability. Whether or not Bank of America reaches a triple-digit stock price this year, the fact remains that in 2022 and beyond, there could be some pretty strong related factors contributing to earnings growth, and Bank of America could indeed be a bargain at current levels.
NYSE:BACLong
by FOREXN1