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Bankofamerica

Bank Of America (BAC) Calm Before The StormBank Of America has been on a rise after the 2008 US Stock Market crash. No coincidence as many US companies have been rising since then. This is not an excuse to get off track and believe all is good now. If you take a look at the bigger picture, you can see this company has had a decline soo huge, even the attempts to pump the value back to pre-2008 figures has been failing. There is still much to go for the rise before this stock can become stable again. It will need to take a wild spike along with some sort of unimaginable great news to spike prices back up that high to over $54.00/share. With that being said, I will stick to my technical's and as of now it is bearish. The chart along with my own technical analysis should explain the rest to the crowd. Just be patient and avoid greed in these times of uncertainty. I am prepared to go long if price signals me to do so, but my overall bias is short.
NYSE:BAC
by bajapips
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.
NYSE:BAC
by DejanDjekic
China concessions, oil and IMO 2020, BoA listYesterday was not that eventful for financial markets. As for the general background, the Chinese state media that Sino is ready to make concessions to the United States (mainly, it is about importing food from the United States) and is preparing for “personal” negotiations with the United States instead of current telephone diplomacy. In the oil market, despite the external calm, everything is quite alarming. Theresa May convened an emergency meeting in response to Iran seizure of a British tanker in the Strait of Hormuz that have led to an increase in tension. However, the effect was limited in forcing price levels, as the markets do not want to develop a conflict. Today we want are writing about the upcoming revolution in the oil market and the IMO 2020 standard. One of the main oil consumers are ships that burn 3 million barrels per day. So from January 1, 2020, the International Maritime Organization (IMO) tightens standards, reducing the maximum sulfur content in marine fuels (from 2.7-3% to 0.5%). Shipowners will begin to reorient their ships to such clean fuels as LNG, which could significantly reduce the oil demand. And more about the prospects. Bank of America identified the most “overheated” markets and assets, as well as identified positions that look most threatening in case of problems or force majeure. These are US treasury bonds purchases, the US technology sector shares purchases, and purchases of investment-grade bonds. So if you have such positions you should think about whether it’s time to close them or replace. As for our trading recommendations for today, they are unchanged. We will continue to look for opportunities for selling the dollar, buying the pound against the dollar as well as against the euro, selling oil and the Russian ruble, and also buying the Japanese yen against the dollar. As for gold, considering how high it climbed, for the time being, we will trade it with no clear preference, buying from oversold and selling from overbought zones.
FX:USOIL
by Trade24Fx
Bank of America GainsInverse Head and Shoulders on the weekly / daily NYSE:BAC $BAC chart. I would probably wait for $BAC to rise above $30.5 -$31 before entering into a long position. If $BAC sees $31 then the first target is $32, and the last target is $35 (although I find this hard to believe to be honest). Something to consider: $WFC Wells Fargo has a Head and Shoulders pattern on weekly / daily. These two stocks appear to rise and dip at similar times due to both being banks (no shit). Like always, open to constructive criticism. Thanks for visiting.
NYSE:BACLong
by Urameshi_Trades
3
Elliott Wave View Favors More Upside in BACBank of America (BAC) shows an incomplete bullish sequence from December 25,m 2018 low, favoring further upside. In the short term update below, the rally from March 26, 2019 low ($26.61) to $29.50 unfolded as an impulse and ended wave 1. The stock then pullback in wave 2 to $28.74 as an Elliott Wave zigzag structure. It has since resumed higher again within wave 3. Subdivision of wave 3 is in an impulse structure of a lesser degree. Up from wave 2 low at $28.74, wave ((i)) ended at $30.32 and wave ((ii)) ended at $29. It still needs to break above wave ((i)) high at $30.32 to validate the view and avoid a double correction. Short term, as far as pullback stays above $28.74 in the first degree, expect BAC to extend higher. If pivot at $28.74 fails, then we can count the entire rally from March 26 low ($26.21) to $30.32 as wave 1. In this case, the stock then can do a wave 2 pullback in 3, 7, or 11 swing to correct the cycle from March 26 low before the rally resumes.
NYSE:BACLong
by Elliottwave-Forecast
Bank Of America facing a bearish mode?Some investors are looking for bonds instead of the banking loans (just for a while). Bank Of America is one of them, also they're going to report on October 15th, so the market is considering a better price for buying. Keep in mind that Wall Street is looking for a target of around $34. In my case, I'd like to see a real buying opportunity below $26. Learn how to beat the market as Professional Trader with an ex-insider! Have a Nice Trading Week! Cream Live Trading, Best Regards!
NYSE:BAC
by wildcreamlife