BAC trade ideas
$BAC - rejected @ 29 again$BAC
Few things to note:
1. Rejected a second time @ 29
2. Small $0.50 gap im looking to have filled
3. Looking for a bounce/ fall through @ $27 (set alerts)
4. RSI: in oversold territory - indicating a continued selloff
5. SMI at multi month high and rolling over.
Plays:
1. Buy over 29.50 and use 28 as stop loss
2. If is bounces at 27, enter @ 27.50 and use 26.50 as stop loss.
3. Potential in bearish case to move back towards $25 as a entry point.
$BAC could Mind the Gap! or Head for $30 Watch for YCC!How would the BANKS react if the Fed
institutes yield curve control (YCC)??
Do we see $30 or go back and fill the GAP!
Expecting short term pull back on bullish channel The markets rose quite a bit this week due to positive job reports for May, which has given investors positive outlook for the markets. However, BAC is at the top of the channel so i expect it to pull back a little bit before climbing higher. Might buy a few puts depending on where the price action heads during market open. if it breaks the channel it is also a good sign.
Any thoughts on this are appreciated, Thank you and happy trading!
BANK OF AMERICA Analysis in 2h TF Bullish then BearishHi Traders, I'm sharing with you my humble vision concerning BANK OF AMERICA , I'm seeing a slow uptrend going to the first level followed by a fast bearish movement down to the second level, It's my prediction to this market. Please don't hesitate to comment and give me your remarks guys, good luck for you all :)
BAC BUY OR LONG TARGTE UP TO $31Bank of America Corp (BAC) = > Confirmation of the Rising Triangle pattern at $ 25.55 now has a resistance at $ 26.25 so buy at $ 26.30 .
BAC buy : $26.30
BAC target : $30.55 - $31
Stop loss $25
Wish you good deals!
$BAC Moon Shot to next Target $28.00?With the 9, 20 & 50MAs above a
key resistance line does that
bode well for BAC?
We would say yes!
BAC - Bank of America Technical AnalysisBank of America Technical Analysis - Before going long wait the resistance line will be broken, otherwise the other option is to go short for a short term investment where prices will keep moving inside the channel.
BAC Trade BreakdownStill a little worried about this one. Didn't stick to my rules and kind of jumped into it without proper DD.
Haven't traded BAC in awhile. Pulled up the 5 min chart and saw that there was a gap to be filled and the price had started to move in that direction. Jumped in early; should have waited for more of a comfirmation that it's going to fill the gap. I want to trade not gamble. Going to have a tight stop. Hopefully the cards will fall in my favor.
Bank of America Corp (BAC - NYSE) - ABC wave patternBank of America Corp (BAC - NYSE) is in B wave, which starts from today upside against A five wave down as correction. After that C wave will be next down cycle. In weekly time frame it’s completed ABC wave cycle from 2009 low and now it is in correction. It is a weaker banking stock of NYSE, which is under-performing SPX. It is not confirmed that corrective WXY wave up is over. So wait for confirmation to trade bigger C wave cycle down.
BAC - Bank of AmericaBoth Options A and B can happen.
Based on the importance of the resistance level that has been tested already two times, most likely the price can keep going up.
This is the reasons why I gave more chance to the Option B
BAC - immediate resistance at 23.5/25 levels.BAC i analyzed over three periods to identify some trend:
1. Good support seen at 22.7 level, historically it has been able to maintain that support
2. Immediate resistance is 23.5-25 levels. If those levels it is able to break then it may run towards 27 levels.
3. Tracking from March, the pattern is some what symmetrical triangle suggesting bilateral movement. In my view if it break 25 level then I am bullish on it.
4. In next 2-3 weeks, it will again test 23.5 level
Disclaimer - I have a position in BAC as of now.
$BAC Possible PUT OptionIt looks like $BAC (and the banks) are set for a lower session, and we could see $BAC move towards $21.....lets see what happens!!
.....Current BAC Aug 20 - 20 PUT are trading at 1.25 and are up 12%......#FranklinCap.....If you would like to see more of this from Franklin Capital hit the LIKE button and Follow Us!...Thanks!
(PS for those that looked at the Air Canada BUY yesterday....a cool 23% came your way!)
BAC - Update - Channel BottomedTargets above - Channel formed similar to many stocks in the market. Banks have had good volume past few days. Let’s see how long until we get to the top of the channel...
