:))I consider this a buy. Buffet has a history of buying a stake in company's and voting to increase the dividend size long term.
Headed to a .50 dividend atleast
BA.C trade ideas
BAC - Above 25BAC has a long term relationship with 25$ as noted on the chart
brk.b is buying here and will continue to do so
short term analysis shows channel forming
ABC BullishA lot of institutional buying noted
NV is high/Dividend good too (o:
Not a recommendation
$BAC Bank Of America reaching Apex
With the huge buying by Mr Buffett in the past 2 weeks the stock is now on the verge of breaking above the 2020 downtrend.
Indicators are turning north and bullish
Any weakness in tech could possible help out the move as $$$ rotate into more safe havens
ABC BullishBanks are in covid land
so listen to your gut
I own this but I do not recommend it
Ok to make mistakes..if we learn from them
Bank of America (BoA) / Short Term AnalysisWith the index that started to rise after the abundant money support given to the markets after the pandemic, we saw that this stock's price could rise to the level of fib 0.618.
After this situation, the price seems to be between the rising trendline and the fib 0.382 level for now.
If this continues and acts as a rising triangle pattern, the price may reach the tested fib 0.618 level in August or October.
Only personal opinions and ideas. Does not include "Legal Investment Advice"...
$BAC Short Trade IdeaShort trade idea
Entry point on 61 or 50 fibonacci retracement level depending on confluence with trendline and bullish force disipation
BAC in a great position for next rotation from QQQ$BAC With Sideways action for a while banks waiting for their turn for money coming from overheated software and tech names. Had a breakout and with enough volume $28.50 with a breather and continue to $30 target
Bank Of America - My forecast movement for the stocks of WBThere is an information that Berkshire asked and received permission from the Federal Reserve Bank of Richmond in April to buy stock of Bank of America more than 10% stake in a bank. With this permission, now Berkshire can buy stocks of BAC up to 24.9 %. Now, whatever reason WB and his men has, of course, based on solid fundamental analysis. They are expert already. They already do their job.
Now, my job as a chartist see the price action context in my chart and decide when and what price I should go to buy. Now, let's start this analysis.
First of all, BAC dropped on March 2020 to the long term price level that mark bulls territory (18.06). This level still interesting for big Institutions so that they defence this line and bought a lot of shares and made BAC rebounded well. Since then, BAC go up and reached 27.55 before sellers came and pushed it down to the level 22.58.
Buyers making ground there, a solid proof that Institutions leave their money on the market now. So, based on this fact, I will prefer to buy this stock at Institutions price level with high expectation to get profit in future. So, good luck.
Stay blessed
Jee
BAC LevelsPotential support and resistance levels. BAC is firing long on the weekly chart. I'm not sure about the state of the markets today considering JPOW's words seem to be foreboding of turmoil in the near term. Interested in seeing how this plays out.
BAC compared to SPX and NDX: Dot com top and bottomBerkshire Hathaway bought 33.9 million shares of the banking giant between Monday and Wednesday. That increased Berkshire's stake in Bank of America by $813.3 million to more than $24 billion. BRK holds 11.5% of BAC now.
BAC chart compared to S&P500.
Observe the top of both the NASDAQ and S&P
BAC started bottoming when the 2 indices started falling.
2008 was a banking crisis which directly impacted BAC and it fell relatively harder than the indices. In 2020, Banks are well capitalised and backed by the FED, so chances of a banking crisis are slim.
Add to that, NASDAQ is clearly overcooked at the moment(Check the historical chart. Top of the major trendline. That said, it Could also break up)
💰Buffett made a huge insider purchase (more than $ 800 million)💰Buffett made a huge insider purchase (more than $ 800 million) in $BAC
💚You can see the technical picture for yourself! According to our system of 4 screens-green light)
Still sidewaysThis drawing was drawn previously from a few weeks ago. I will not waste my money in here, but def set an alert for any break up or break down.
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BoA: Volatility cannot stay as high as it has been in 2QHere’s a Thought! 20 July, 2020, by Vladimir Rojankovski, Chief Analyst, Grand Capital
Overall, financial results of the biggest U.S. banks in the second quarter were better than expected, but was given a big boost from the trading profits earned in a very volatile market. The future does not look clear as the banks were forced to build huge pileups of money to provide for future loan losses.
The biggest disappointment was certainly the Bank of America’s recent earnings release. BAC’s earnings per share (EPS) fell 50% over the past year to $0.37, which, however, beat the estimate of $0.27. Revenue of $22.45 billion declined by 3.35% YoY, again, slightly above the consensus estimate of $22.01 billion.
But since stock market investments for banks are the only visible remedy against bad loans, it’s worth to note several high-profile forecasts that in the third and fourth quarters of this year, trading revenues will be at least 20 to 30 percent lower than in the second quarter. Volatility just cannot stay as high as it has been in the second quarter.
