Are Financials going to lead the recovery in 2021?With how rates are moving, it seems almost silly to bet against a US recovery. Banks are the place to be in 2021
Call Ratio Spread - Long 2 Jan2023 40C Short 1 Jan2023 45C
Bankofamerica
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.
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 $30.61 and by this jeopardizing the uptrend.
BAC - Long Looks like it's about to go down for a while, but it's within the channel. It's my favorite bank, I'll continue to hold, but does not look like a buying opportunity at this time.
BAC trying to break the resistance 3 valley's then boom!I expect a third small valley then we break resistance I am long on BAC
HEY BACThe potential growth of NYSE:BAC is about 23% and the target price of JPMorgan is above 37$ per share
BAC: weekly view chat bubbles say it all. Currently on lower TF it's looking like trying to find sell setups is a good idea.
$BAC - Losing 1 month support $BAC if loses 1-month support can see a big drop. Look at the end of the day for a clean break and buy weekly puts.
*for entertainment purposes only, not investment advise*
Bank of America Stock AnalysisNYSE:BAC
The idea is to hold for now and wait that the resistance level of 25.5 USD will be broken before going long, otherwise just hold.
Bank of America in the next few months There are few strong signs that suggests BAC goes down to test its previous supports. However, the result of the presidential election could affect the severity of this correction.
$SPCE can rise in the next daysContextual immersion trading strategy idea.
Virgin Galactic Holdings, Inc., an integrated aerospace company, develops human spaceflight for private individuals and researchers in the United States.
The share price rose after analysts at Bank of America (BAC) had initiated coverage on Virgin Galactic (SPCE) Monday with a buy rating and a 35 price target.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $20,45 ;
stop-loss — $18,67.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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BAC LEAPS BAC looking to repeat this pattern, looking to retest 55 within these next couple years. Bounce off my support zone at 18.04 making its way up to retest 35.40 break that we could see an overall move up to $44. Perfect stock to add to your long term portfolio. Warren Buffet's second largest holding in his portfolio is BAC so why not invest and follow the most successful investor of all time. Shares are a good hold and ITM calls for 01/2022 are perfect to add to the portfolio.
JPM - Long to $102, $105My trade plan is continuous keeping all of Long positions in the Banking Sector.
JPM and BAC can return to Uptrend after hit the Bottom Support Trend Line.
Disclaimer!
MARKET BUY BANK OF AMERICA- ON THE TRENDLINE SUPPORT
- AT THE APEX; EXPECTING A BREAKOUT INTO NEXT WEEK
- RISK OF 2%~ IF DAILY CANDLE CLOSES STRONG BELOW TRENDLINE
- UPSIDE POTENTIAL OF 28+%
BAC RETEST 28 BULLISHBAC is on a strong ladder pattern upward, bull run can be confirmed looking at RSI.
Possible Next stop 28 and depending on market reaction, a retest of upper resistance.
BAC - Long, Target $27.50 and $29.00 in the next 2 weeksBAC is forming Cup and Handle on D1 chart.
Now is $26.50. with this pattern BAC's target are: $27.50 and $29.00.
While the market in the correction process.
The cash flow from other Sectors that are Overbought is certainly looking for a new destination.
Banking is a good Sectors that is regaining balance when it exits the Oversold zone and keep going up slowly.
I predict BAC will hit 2 targets in the next 2 weeks, with 70% confidence level, 10% Sideway and 20% drop to $25.50 - $26.00.
Ichimoku, RSI, MACD are supporting this uptrend too.
Disclaimer!
BAC Bank of America will stay between upper trendline and gannThe 1/3rd gann line is acting as a strong support aswell as the 0.382 fib level that created a triple bot. The price will pull back to 0.382 level to the short term fib level which lines up perfectly with the 1/3rd gann support line and from there it will continue its way up to $27.07 price target which is the trend line and which is also 1.272 fib level before pulling back again to $26.72 retesting previous highs
BAC - Bank of America Based only on technical analysis, the idea is to go long as the resistance level of 26.5 USD has been broken many times.
To be on the safe side, as there are not a lot of signal the best option could be still to HOLD.
Bank of American (BAC) Three Rising Valleys Bullish SignalNYSE:BAC is undergoing a 3 rising valleys pattern which is very bullish when you combine it with divergence on both oscillators. The tech sector seems to be bleeding and investors might shift their cash into financials such as BAC.
Targets are also provided if one was to take part in it. Very good R/R ratio so stop loss could be set a litter looser.
This is not financial advice and it is only meant for education. I am not responsible for any loss you have from trading my ideas including this one.
