BA.CD trade ideas
Bank of America short term viewThis stock looks like will come down to the 23s in the short term. In the long term it will rebound to 28 or 29 if the Senate stays controlled by Republicans.
BAC (triangle) Les MM sont tous en dessous du prix et il y a une formation bull flag en cours. si le prix brise le haut d'hier il devrait y avoir continuité.
B.A.C BANK OF AMERICA DESCENDING BROADENING WEDGE (END & ID) BANK OF AMERICA : BAC DESCENDING BROADENING WEDGE
EN : WE CAN SEE THAT BAC IS FORMING A PATTERN CALLED DESCENDING BROADENING WEDGE THIS PATTERN IS A STRONG BULLISH PATTERN, WE HAVE TO WAIT UNTIL CANDLE BREAKOUT FROM THE PATTERN, THERES GOT A CHANCE THAT BAC WILL DO HIS DOWN MOVEMENT TO AROUND 23.95 - 22.58 AREA
THE REASON IS SIMPLE
1. STOCHASTIC OSCILLATOR HIT THE OVER BOUGHT AREA
2. WE CAN SEE THE SWING HIGH AT TOP ON 3 SEPT 2020 LOWER HIGH (LOWER PEAK) AT STOCHASTIC MAKING A LOWER HIGH (LOWER PEAK) AND 12 OCT LOWER HIGH AGAIN (LOWER PEAK) BUT THE STOCHASTIC IS HIGHER HIGH (HIGHER PEAK) SO A BEARISH DIVERGENCE IS FORMED THIS MEAN BAC WILL DO HIS DOWNSIDE MOVEMENT
SURE BAC WILL CONTINUE HIS BULLISH THAT WE CAN SEE AT WEEKLY CHART THE TREND IS STILL BULLISH
IF THE BREAKOUT HAPPENED BAC TARGET PRICE WILL BE AT 27.75 THIS IS THE PATTERN TARGET PRICE
BAC ALSO WILL CONTINUE ITS BULLISHESS UNTIL 30.45 AND 34.05 BECAUSE OF THE GAP AREA BUT MAYBE IT TOOK TIME FOR CLOSE THIS GAP EITHER 2021 OR 2022
THANKS. …
ID: KITA BISA MELIHAT BAC SEDANG MEMBUAT PATTERN YANG DISEBUT DESCENDING BROADENING WEDGE PATTERN INI ADALAH PATTERN BULLISH, KITA HARUS MENUNGGU SAMPAI DENGAN CANDLE BREAK OUT DARI TRENDLINE DBW INI, TETAPI SEBELUM NAIK AKAN TERJADI PENURUNAN HARRGA KE ANTARA 23.95 – 22.58
ALASANNYA SIMPLE
1. STOCHASTIC OSCILLATORNYA SUDAH MENCAPAI TITIK JENUH PEMBELIAN
2. KITA BISA LIAT SWING HIGH YANG DIATAS PADA 3 SEPT MEMBUAT LOWER HIGH(LOWER PEAK) DAN DI STOCHASTIC JUGA MEMBUAT LOWER HIGH (LOWER PEAK) DAN PADA 12 OCT MEMBUAT LOWER HIGH LAGI TETAPI STOCHASTICNYA MEMBUAT HIGHER HIGH (HIGHER PEAK) JADI TERJADILAH BEARISH DIVERGENCE INI BERARTI BAC AKAN ADA PENEURUNAN HARGA
TENTU BAC AKAN MELANJUTKAN BULLISHNYA DAN KITA JUGA BISA MELIHAT PADA WEEKLY CHART TREND BULLISH MASIH ADA
JIKA BREAKOUT TERJADI MAKA TARGET PRICE BAC AKAN PADA 27.75 INI ADALAH TARGET PRICE PADA PATTERN TERSEBUT.
BAC JUGA AKAN MELANJUTKAN BULLISHNYA SAMPAI DENGAN 30.45 DAN 34.05 DIKARENAKAN GAP AREA TERSEBUT TETAPI ITU MEMERLUKAN WAKTU UNTUK MENUTUPI GAP TERSEBUT ANTARA TAHUN 2021 ATAUPUN 2022
SEKIAN TERIMAKASIH
BY RUPIN GOH
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BAC LONG ENTRYLong at the 786 PCZ of the bullish gartley. Freat spot for longterm shares. Fantastic for a swing trade. Lets do it boys!
$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*
Just a Trend Analysis, drawing DTR line and UTS lineThis is just an example for me as a trade beginner, because I´m in the practice mode with the demo account in the paper trading!
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.
BAC Consolidation: 2 scenariosBAC has been consolidating over the last two weeks, giving us an opportunity for a nice play on the stock. In this consolidation, we have two potential scenarios:
Bearish: BAC breaks out of the bottom trendline and forms a bear flag pattern to retest September low of ~$23.15 a share.
Bullish: BAC breaks out of the top trendline and retests $25
Out of these scenarios, I think that the bearish scenario is more likely. According to CNBC last week:
"Bank of America said it generated $20.45 billion in total revenue, missing the $20.8 billion estimate of analysts surveyed by Refinitv.
Profit in the quarter slumped 16% to $4.9 billion, or 51 cents a share, edging out the 49 cents estimate.
Its net interest income fell by $2.1 billion from a year earlier to $10.2 billion. CEO Brian Moynihan had said the key figure will likely bottom in the third quarter." (CNBC)
Revenue and profit were misses, largely due to huge decrease in interest income. The FED has signaled no new interest rate hikes in the next year (at least), keeping rates low. This will continue to hurt BAC revenue over the next several quarters.
Uncertainty in the market due to lingering coronavirus fears and stalling stimulus talks make a rebound less likely.
Stochastic RSI has crossed over in overbought territory, and MACD appears to be heading for a bearish crossover
First price target to watch is ~$23.15, next is $22.50 is support does not hold.
This is only an idea and not considered investment advice. Trade according to your own strategy and risk tolerance.
$BAC fib ext ~value play~
will inflation bring back more favorable interest rates for banks?
targeting 12/18 ≈ $28 -29
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.
Not looking so good: Here's why.TA is not showing it's a good stock to invest anyways.
I will not suggest to hold big positions if u intend to buy.
I did gave a signal for this stock, but it was blocked due to posting personal IG account. XD
I don't mind to reiterate again that this stock is not finding a good support, in fact, it has to catch some downside in TA perspective.
Another thing is many international banks are very busy.
My conspiracy with bank stocks besides low interests, poor actual economy growth, and... also because of this:
China posts an impact on some big banks internationally since Yuan digital currency is about to be launched. Generally speaking, the easy money for banks to make money is not as easy as before. These CCP folks that laid their money around the globe has to pull there money out, otherwise, they will be tracked with "outside" money. So to speak, digital currency will be changing the future of many banks.
