BANK OF AMERICA CORPORATIONBANK OF AMERICA CORPORATIONBANK OF AMERICA CORPORATION

BANK OF AMERICA CORPORATION

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BANK OF AMERICA CORPORATION stock forum


BAC Technicals not looking good at all with the huge red candle closing below both 9EMA and 50 SMA on the weeklies. This potentially points to further downside to $35 at least if no buyers step in. The market as a whole has not bottomed yet and we are just beginning to see the start of a huge recession. I think Buffett was right to sell all his BAC. Bulls - don't get yourself trapped (disclaimer - I am not a bear but the market right now is not looking bullish)


BAC Despite the recent stock market adjustment, the private banking clients of Bank of America (GWIM, with $3.8 trillion AUM) witnessed the third-highest inflow of funds into stocks in history this week, accounting for 1.8% of the assets under management. This reflects that many investors still maintain long-term confidence in the US stock market at present. When there is a significant pullback in the stock market, funds quickly flow into the market.

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BAC
🔥 Scalping Strategy for Bank of America (BAC):
🩸 Buy Zone: $43.70 - $43.90
🩸 Sell Zone: $44.10 - $44.50
🩸 Stop-Loss: Below $43.50
🩸 Breakout Targets:

Above $44.10 → $44.50 (+0.9%)
Below $43.70 → Short to $43.30 (+1.1%)
👑 Trade Rating: Short: 9/10 | Long: 6/10

🔥 LucanInvestor's Quote:
"If the market is undecided, let price guide your next move."


BAC pullback to $46.40 I’m getting in for buys.