$BAC Range Manage risk and always be aware that movements in the overall market can effect stocks in all sectors.
BAC trade ideas
Possible Inverse Head and Shoulders setup on $BACoriginal pt was 42 but looks like we could bounce in a falling wedge pattern and breakout of resistance in an inverse head and shoulders pattern, I think if you aren't already in it is worth putting an alert on for the break out as well as the potential bounce here
Trade Review: How I Traded $BIDU + SET UPS RECAP!! & How I am coIn this video I will reviewing trades I took on August 26, 2021 going full in depth explaining how I traded $BIDU for a nice 20% Day trade with the full breakdown Inside Day, as well explaining my swings I took on the banks and my reasoning behind it .As well the Breakdown trade I posted on twitter and how they worked out and the result of them Traded tickers with a new strategy I been testing with Inside Candles Credit: TW for his indicator and his strategy! Going in Full in depth with my entry, Exit thought process and how I analyze my Nasdaq chart Traded these tickers using my knowledge of technical Analysis , sharing my levels: Support & Resistance , my trendlines , Fibs, Waves, Price Action, Channels , Emma's, and prior experienced , while providing both bullish & bearish scenarios for you to be able to understand my analysis and wait for confirmation as always!
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Cup and HandleAscending Triangle also noted.
Small gap under price with resistance overhead from the top of the cup and from the top trendline of the ascending triangle. Support and resistance levels were made to be broken.
Getting a good long entry level can be important to your psyche. Price may go a bit below mine sometimes and I wish I had waited a little longer. I try not to be a lost ball in the tall grass, as I realize panic can be my own worst enemy. Having a trading plan helps and a simple plan can be just a level to enter a trade, a level to exit a trade (be it a mental or entered stop loss or price hits the target), and a reason to enter the trade.
No recommendation.
The market is not your friend, but it is not your enemy either. I went with this one a while back, and I realize it could pull back, but for some reason it feels safer than many and is the reason I entered it.
EPS 3.15 PE 12.97 Yield 2.05%
Bank of America short setup Long term hold short.
- Psychological Levels
- Momentum shifts
- SMC distributions
- Liquidity buildups
#Micahelburryshorts
BAC predictionBAC seems to form a cup and handle.
On the chart I mentioned the possible entry and exit zones, where I suggest.
Stop loss I would hold tight $39.75 and the risk/reward seems to be very good for now.
@LN Hey @Ln use this and learn how sir is being used in the past graphs, you will see when to buy and sell, and it will very useful
BAC: Trendline brokeA call was given for this trade on 26 July, bought at 37.96. If you hv taken this trade, the profit should now be 120% of the risk risked. You may move your stop loss along with the price to secure your profit.
BAC Bullish Trend(Update)BAC is slowly forming signals that may suggest an up-move to be had. Currently I'm making this TA during market hours so I suggest you wait until market close to see if the TA still holds up. I believe we may see a move to the 44's since we are seeing a ema cross form on the Willy Oscillator. Not only is the willy oscillator forming a trend, but the squeeze indicator shows reducing selling momentum. If you are a more of a risk aversive trader then it may be wise to wait to see a confirmed squeeze or to wait and see if BAC comes back to support.
Bullish Signals
-Ema cross(willy oscillator)
-Squeeze indicator(reducing selling)
Price Target
-43.43
How I'm Watching BACBAC is seen to have rejected the 20ma, meaning it will most likely bounce back towards the lower Bollinger Band. In order to place a buy order on BAC, I want it to hold its 0.382 Retracement on the Fibonacci Resistance Fan, which lies around 37. A break through this support will provide a great buy area around the 34 price level.
Good luck and trade safe
Key Points
-37(Fibonacci Support)
BAC BIAS: UPOverall the price still in stalling position and oversold, it can potentially break up the resistance ahead and turn the current trend. Make sure to apply SL and TP.
Decades Long Rising Wedge on BAC (Targeting 80% loss)The main chart and title is pretty blunt. We see two rising wedges on BAC and the blue one predicted the 2008 crash, but because this is on the monthly chart it tools years for the price action to perform. We may again see this happen again as the crash begins moving in slow motion and is imperceptible to most as the problem becomes more and more severe. With the blue wedge price action tested previous action as support for about 6 months.
The main reason I don't think people are aware of what is going on is they don't really look at monthly charts and if they do they don't think to always use the log scale on traditional equities, even though the price action goes from $1.6 to $50. Many may see this and not see any short term trades and may also just forget what is coming. Later they look back and go Doh! and I know I have made that same mistake. Get chopped up and stopped out looking for a margin long when I could have just held or stopped out looking for a short when I could have just bought the dip at target.
It seems to me to be a time to pivot to plays around the market topping as well as preparing for a bear market and perhaps the social unrest that will bring. I personally will be looking to buy BAC or other equities for the long hold while around (below) the purple trend line. Stuff like this makes me think about what """They""" are thinking when they take years to distribute. There is probably a reason why in the 08 crash the SPX bottomed out at 666.
$BAC with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $BAC after a Negative Under-reaction following its earnings release placing the stock in drift D
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