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Banks

Bank of AmericaLooks like we are at a higher high on the weekly and daily timeframes. Bank of America is a nice safe stock in my eyes. Although we are in a season where alot of shopping will go on, I can see this being bullish for banks and other holiday related tickers. Bank of America holds a high position in many prominent portfolios including my Uncle Buffet's. I want to see if price can continue trading above the 20 and 50 ema. Say if there is a pullback i'd at least feel that a 38% is realistic on the daily timeframe. If it surprisingly pasts that support level, price could reach the support that was created back in July of this year. Let's see what happens. Alot of credit cards will be swiped this season and for swipe a BAC customer pays, BAC will charge a surcharge to the business for every transaction that is made. Looking forward to a nice but slow ride. Good luck!
NYSE:BACLong
by Redimere_91
1
BBVA bearish scenario:The technical figure Triangle can be found in Spanish company Banco Bilbao Vizcaya Argentaria, S.A. (BBVA.mc) at daily chart. Banco Bilbao Vizcaya Argentaria, S.A., better known by its initialism BBVA, is a Spanish multinational financial services company based in Madrid and Bilbao, Spain. It is one of the largest financial institutions in the world, and is present mainly in Spain, South America, North America, Turkey, and Romania. The Triangle has broken through the support line on 22/10/2021, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 7 days towards 5.440 EUR. Your stop loss order according to experts should be placed at 5.8620 EUR if you decide to enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BME:BBVAShort
by legacyFXofficial
$XLF: Long financials now...We have a tremendous signal to go long financial names now, as the yield curve is set to steepen once again and yields are rising on the back of the last FOMC meeting outcome, and the reopening momentum generated by the evolution of the Delta variant, and news of an antiviral pill from Merck that can cause a 50% reduction of fatalities and hospitalizations that recently surfaced. Charts are very constructive, as the $USB one I pointed out. I'm currently long a variety of value/financials/energy names as well as crude oil futures options for a while now, since AAII readings sunk below 25% recently. Now the broad market chart looks like a bottom is forming, and today a buy signal popped in $XLF, so the time is now! Cheers, Ivan Labrie.
AMEX:XLFLong
by IvanLabrie
5