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Bankofamericashort

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
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
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
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
Bank Of America (BAC) Will Drop Hard (90%+ Crash?!)The chart for Bank Of America (BAC) is looking bad long term, there are many signals pointing to a very strong drop. The last time this company had a crash, it shredded over 95% of its value... The same might happen again. Let's take a look at some of the signals: Let's start by looking at Divergence , you can spot this marked with a light blue line on both the MACD and RSI. These divergences work strongly on conventional assets, they always confirm. We have bearish divergence on both indicators. I marked a rising wedge in purple which is also bearish. You can expect the asset value to move a bit longer within the wedge before breaking down; if it does. Probabilities are really high... EMAs are going to be challenged now, this is our main support (22.33). The RSI is super bearish. Volume has dropped massive while price moving up. If you were to use this information to trade, a break and close above 28.45 would be a great stop loss. As for the way down, 13.62 can be your main target and more after/if this level breaks. ... This one is about to crash really hard... Just like it is happening with Apple, Google, SPX, DJI and the rest. Thanks a lot for reading. Namaste.
NYSE:BACShort
by AlanSantana
11
Elliott Wave View: BAC Starts the Next Leg HigherBank of America (ticker: BAC) shows an Elliott Wave bullish sequence from August 15, 2019 low, favoring further upside. The decline to 27.19 ended wave (2) and the stock has resumed higher in wave (3). The internal of wave (3) is unfolding as a 5 waves impulse Elliott Wave structure where wave 1 of (3) is expected to complete soon. Up from 27.19 low, wave ((i)) ended at 28.62, wave ((ii)) ended at 27.46, and wave ((iii)) ended at 30.72. Expect the stock to pullback in wave ((iv)) and turns higher 1 more time in wave ((v)). The 5 waves move higher should end wave 1 of (3). The stock should then pullback in wave 2 to correct cycle from October 3 low (27.19) before the rally resumes again. We don’t like selling the proposed pullback as it’s against the direction of right side tag. As far as pivot at 27.19 low stays intact, expect dips to find support in the sequence of 3, 7, or 11 swing for further upside. Potential target to the upside is 100% Fibonacci extension from August 15, 2019 low towards $31.2 – $32.2.
NYSE:BACLong
by Elliottwave-Forecast
BAC Testing Resistance, Potential Reversal! BAC is testing its resistance at 31.43 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap resistance) where price could potentially drop to its support at 29.59 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is testing resistance at 97% where a corresponding reversal could occur. We have also identified a bearish divergence with price that contributes to our bearish bias.
NYSE:BACShort
by FXTM_ForexTime
1