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Bankofamerica

Bank of America Bearish. BACPost Ascending triangle, and B wave of Zigzag. Quite a clear picture here and plenty of time to complete the zigzag. It's correcting now post most recent overbought state as well. 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 going down 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
BAC Daily TimeframeSNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS. ENTRY PRICE BLACK COLOR TARGETS GREEN COLOR STOP LOSS RED COLOR DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING. It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave. The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe. Consider those points and you will have a huge advantage in the market. There is a lot more about this strategy. It can predict possible target and also give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts. START BELIEVING AND GOOD LUCK HADIMOZAYAN
NYSE:BACShort
by hadimozayan
BANK OF AMERICA Daily TimeframeSNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes. Start believing in this strategy because it will reward believers with huge profit. There is a lot more about this strategy. It can predict and also it can give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
NYSE:BACShort
by hadimozayan
$SPY Divergence; Its different this time!!??A little background on myself as this is my VERY FIRST EVER POST. Like most of us on here, I have tremendous goals in life and don't want to settle for "being average". I grew up below the middle class by a single mother of four kids that worked two full time jobs to provide for her kids and I couldn't afford university. I have worked in the oil patch in Alberta Canada along with a few well paying labor intensive jobs to earn more money to find the more I earned, the more taxes I paid and expenses I seemed to have incurred. Life felt like a trap and this was brought forth by my favorite author and someone I'd consider a mentor now; Robert Kiyosaki, approximately two years ago. I've taken it upon myself to educate about many subjects starting with banks and our monetary system over the past two years. (I wont get too in depth with this subject as it can be debated and go on, and on, and on) I was pleased to learn the Federal Reserve has nothing to do with the Federal Government and there is no reserves (who knew right!?)… Banks have fascinated myself as they hold the most of what I want. I've witnessed first hand ITS ALWAYS ABOUT THE MONEY many times over the past year, most recently with my wife and mother of our two kids - 11 months and three years old, battling breast cancer at the age of 32 years (about to go for her second round of chemotherapy) when she had to try a drug that makes her feel like crap and fail first because the other one that's substantially more affective with less side affects - costs more money. Much like most wealthy people (I don't consider myself wealthy. Yet). I want people to create an empire, and success stories get me excited! So, I've decided this is my first step in sharing something with the rest of you that have influenced many trading ideas and decisions over the past two years. I would appreciate any feedback or opinions on this because as I've learned; NEVER let your opinion put the blinders on or emotions get in the way of a trade. (this was my cost of education haha). THANK YOU TO EVERYONE THAT POSTS AND SHARES THEIR IDEAS - I have and will continue to learn from all of you at one point or another! NOW to the "MEAT AND POTATOS" The banks tops pre-Covid Crash - I'm calling this a crash because of how short lived losses were - December 23, 2019. 36 Trading days later we saw the S&P begin to take a bath. JPM, WFC, & BAC (the 3 largest banks in America) had a very visible divergence prior to this fall out creating lower highs as the S&P was making new highs which sounded an alarm in my head however I kept it to myself being newer to the markets and sold most positions sitting on what I had ready to buy the bottom. I didn't quite buy the bottom but definitely caught my sails in the winds on the way back up but that's besides the point. Here we are 360 trading days later banks have clearly put in new highs June 1st Since there is a clear divergence AGAIN in place between the big 3 and the S&P 500 JPM Earnings July 14th (tomorrow) - DOWN 1.40% TODAY WFC Earnings July 14th (tomorrow) - DOWN 1.90% TODAY BAC Earnings July 14th (tomorrow) - DOWN 1.45% TODAY 36 trading days from June 1st highs would lead me to July 23rd (also happens to be my bday - this would top any cake I've had) for the beginning of a potential correction! Time will tell but I will be watching how they react to earnings. If they make a lower high I will shuffle over to more of a bearish position and increase my hedge on call options in SH, UVXY, SPXU. New highs will indicate S&P has great potential to keep running! Both scenarios are still in play! Another little touch to leave yourselves with encouraging a proper hedge: ***Copied from yahoo finance data*** Top 8 Holdings in SH (51.55% of Total Assets) Name Symbol % Assets S&P 500 Index Swap Bank Of America Na N/A 11.03% S&P 500 Index Swap Bnp Paribas N/A 8.22% S&P 500 Index Swap Goldman Sachs International N/A 7.45% S&P 500 Index Swap Societe Generale N/A 6.74% S&P 500 Index Swap Ubs Ag N/A 6.34% S&P 500 Index Swap Citibank Na N/A 5.23% United States Treasury Bills N/A 3.37% S&P 500 Index Swap Credit Suisse International N/A 3.17% ***Copied from yahoo finance data*** Top 8 Holdings in SPXU (109.31% of Total Assets) Name Symbol % Assets S&P 500 Index Swap Credit Suisse International N/A 22.37% S&P 500 Index Swap Societe Generale N/A 20.03% S&P 500 Index Swap Ubs Ag N/A 18.23% S&P 500 Index Swap Goldman Sachs International N/A 14.18% S&P 500 Index Swap Bank Of America Na N/A 12.11% S&P 500 Index Swap Bnp Paribas N/A 11.10% S&P 500 Index Swap Citibank Na N/A 6.55% United States Treasury Bills N/A 4.74% Very similar trends in Canadian bank stocks if you care to take the time and compare TD, RY, BMO, BNS as well! Thank you all for reading and PLEASE share your thoughts on this!
AMEX:SPY
by stsoumpas
16
BAC Getting Back To $40.80 - Resistance On The DailyBAC is finally back above $40.50 but now the fight starts at $40.80. It was a previous level of support this quarter now I think it could be a resistance level on the daily chart. Wit the stress test news, it wouldn't surprise me if it waffles a bit around here then hopefully breaks. I'm long right now with both stocks and options on the company. IF/WHEN $40.80 breaks, then I'd like to see it test and break above the 50DMA sitting around $41.18. Will it happen overnight? we'll see but any major extension could be met with some profit-taking too so I'm keeping that in mind also. Option are for trading, the stock I'm in from the teens and holding long. Wouldn't want to treat these banks like penny stocks in any way but the recent volatility has definitely brought in some trading momentum as opposed to the buy and hold peeps from earlier in the year.
NYSE:BACLong
by PennyStocks101
Fundamental Friday - BACFundamental Friday (BAC): Gallacher's Fundamentals: 1. Select historically "Cheap" or "expensive" markets. - BAC is within uncertainty range level 1. - Financial sector is cheap, relative to tech. BAC has an 18.19 PE ratio vs 585 PE ratio of TSLA. - BAC is neither cheap nor expensive relative to rivals in the financial sector (JPM, GS, by RSI). 2. Develop a critical eye for what is "important" fundamental information to a particular market. - Important fundamental information in the financial sector is the longer-term Treasury yields, which I expect to rise this year. Long inflation. - Macro trend in Quad 2, excess capital generated will be used to buy back shares. Get (1) neutral, (2) bullish, or (3) bearish: - Bullish Some Warren Buffett Tenets: Is management rational? - BAC’s Brian Moynihan expects the bank will increase its dividend and boost its share buybacks once its passes its Fed stress tests. Last month, it announced a $25Bn share buyback plan with its excess cash. Focus on return on equity, not earnings per share. - ROE on a rising trend, 7.58% from 6.14% last quarter. Calculate “owner earnings.” - Owner Earnings = Net Income + Depreciation, Amortization +/- Other Non-cash charges - Full Capex +/- Changes in Working Capital (Assets – Liabilities or Shareholders Equity) - 17.1B + 2B – 6.2M + 16.2B = 34.7B/8.7B = $3.99 owner earnings per share. - Price to owner earnings: Current price = 42.36/3.99 = 10.62, vs. 18.19 PE Ratio (TTM), this is undervalued in the short-mid term. Look for companies with consistent and high profit margins. - Profit margin of 0.18 vs 0.1396 historical average (increasing trend). GLHF - DPT
NYSE:BACLong
by UnknownUnicorn1043646
2
Bank of America BAC Bearish CrabBank of America (BAC)... this company is found in Warren Buffet's Portfolio and once it becomes a bargin price it will be found in mine too. I follow the advice layed out by The Oracle of Omaha. The company financials are very weak from a value investors point of view. The total revenue has been flat line at best for the past decade and when your operating income eats up 74% of your total revenue thats a problem. I always try to remember the law of depreciating return which is "you get back less than you put in." Warren Buffet always says "its easier to take 100,000 to a million than to take a billion to 100 billion. I mean the company is absoultly massive with 2 Trillion dollars in assets?!?! So, I guess the Value invstor needs to look at other things when considering Bank of America. I dont forget that major banks created these mortgage bonds back in 2008 that imploded when the real estate market crashed, so i have to dig deeper into where the assets are coming from. However their EPS has been growing at a decent rate over the past decade so thats also a plus. Their total ratio (becasue they do not report current assets and curret liabilities) is a 1.14 which if using a a current ratio thats real good (not exceptional but better than just plain "good") They are currently undervalued by the Ben Graham Formula (revised) by 61%. Which is a real good thing as well. They pay an annual dividend of 1.75%, but i am not sure if theyre an S&P aristocrat or not. Overall, based on what i have read based on Marry Buffets books and listening to videos of Warren Buffet himself i would grade BAC ( Bank of America Corp.) a C+ company which I would hold only for a few years up to 5 years max. Dont get me wrong the company is NOT going anywhere, so if youre looking to hold just to hold to sound trendy and chic amongst your friends then sure, but it is not going to be your star player, but more like your practice squad ...just a great supplemental. the technical side is the Bearish Crab. the grey box is the PRZ with a 3.618 projection of the BC leg, a 1.618 of the XA leg and 2.0 fibo extension of the ABC legs. if youre looking for a decent bargain then wait for Price to reach the pink line which is .382 of the whole pattern and if youre looking for a great bragain then wait for the .618 of the entire pattern. Seeing how the market is flowing at the moment i would probably buy at the .382 of the retrace anything lower than that there might be mass hysteria of a market "crash" which is honestly a very much needed correction for the stock market. But a good deal is better than no deal. I dont publish often my investing ideas as my investing is vastly different than my speculation ideas. If you guys want to know more about my investing ideas please let me know in the comments. I know value investing is not as flashy as speculating, but the longevity of investors is far greater than that of any speculator; moreover, it is of dire importance to know the difference of speculation and investing.
NYSE:BACShort
by ARegularGuy
$BAC Before earningsBank of America is again near it's all time highs, close to testing again for a breakout. Earnings this week should confirm movement on the strong uptrend that we have seen since March lows. There is a slight divergence on the RSI indicator. The daily timeframe shows a toppish move on the stoch RSI, as well as MACD turning slightly red on the daily. Should BAC fail to breakout of these levels, we could see it test lower support, or even fill the gap put in a few days ago. Ichimoku is still showing a bullish trend at these levels. Looking for a breakout to confirm my 1.618 wave higher analysis.
NYSE:BACLong
by Modus777
Bank of America marching toward its all times high(2007)Potential gain:22% Reward/Risk:2.5 Timeframe: 3-6 months I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue this. Stay tuned great live stream and quality content videos coming soon..!
NYSE:BACLong
by Moshkelgosha
2
Bank of America in risk of a trend reversalMy bearish view for Bank of America is almost confirmed. All is left is a move below $30.59 zone. RSI and MACD are flashing red and point for a continuation of the selling. Volumes are descending as activity is slowing down resent days. Since the bad earnings, the bank is under pressure from investors, but still the downtrend is not entirely confirmed. Given the broader market and perpetual stimulus, BAC may have a second chance to continue its uptrend.
NYSE:BACShort
by DailyChartist
What's in for Bank of America after the earnings report?Today we saw the earnings report for Bank of America and it did not meet the investor's expectations. So far the earnings season (for the banks) starts a bit off. The EPS came above expectations at 0.59 versus 0.54 expected. Revenue though came in with a miss - 20.1B against 20.56B expected. The main cause for the miss cited is the COVID-19 pandemic. RSI is already crossing from overbought territory, though MACD's crossing is lagging. The histogram is showing a divergence with the price which is in line with RSI's early divergence with the price. My expectations are for a drop towards the trend line support at the $31.35 zone. A breach there may lead to a potential drop towards $30.61 and by this jeopardizing the uptrend.
NYSE:BACShort
by DailyChartist