BAC falling wedge ideaNothing crazy it's running into overbought territory on weekly there was some reasonable volume that came in for the er's it has some solid resist up to 35 but if it can get over that then sure send itby feveromo112
BAC is on Sale right nowDaily chart is showing an EXTENDED TREND and most likely needs to pull back below the 50 SMA. Multiple TrendCloud Signals on the 1 hour and 15 min charts to the downside. The deep pullback on the daily chart as is falls below the 50 SMA will be seen as trend reversal on the lower timeframes. Once price goes below the daily 50 SMA we can start looking for support levels and watch for a crossover to take place on the 1 hour chart to the upside. Then you can start buying it up again. by thechrisjuliano220
BAC The Bank of America Corporation (BAC) got rejected again on its 1W MA50 (blue trend-line), a level that has been acting as a Resistance since the March 2022 break-down. This has created a Lower Highs trend-line that is the key pivot level now. But before that, let's see how it's been trading on a +10 year basis. As you see on this chart, ever since the November 2011 Low, the stock has been trading within a Fibonacci Channel, with the extensions serving as very accurate Resistance and Support levels. We have seen 1W MA50 rejections after strong corrections in April 2016 and June 2020. Each of those times, the price hit the Buy Zone (green) before rebounding to a Higher High, while the RSI on the 1M time-frame hit the 38.80 Support. The 1M MA100 (red trend-line), which on March 2020 provided Support, acted once more as the long-term Support this March (2023), exactly at the top of the 10 year Buy Zone. As a result, BAC is a buy opportunity, but will only get confirmed when it closes a 1W candle above the Lower Highs trend-line. As far as a long-term target is concerned, the first Higher High on the Fibonacci scale was made on Fib 2.0 (March 2014), the second on Fib 4.0 (March 2018) and the third on Fib 6.0 (January 2022). Investors could hold, based on this sequence, until the 8.0 Fibonacci extension. It is interesting to point out that each Cycle within this Channel has approximately been 4 years and each of the rallies around 2 years, like the one we're currently about to confirm.Longby JbridgezUpdated 3
Bank of America versus Deutsche BankThis time, war is being fought by the banks! Got #Gold, #Silver, #Uranium and #CrudeOil?by Badcharts2
BAC Bull Flag and Relative StrengthBAC is forming a nice looking bull flag and showing great relative strength. Going to take a full position on this one at the open today. Targets $37, $38.59, $40Longby SWRLSUpdated 992
BANK OF AMERICA's outstanding performance Had this idea on July and it was a long term analysis and it delivered.01:39by Samnzimande1
BAC Bank of America Corporation Options Ahead of EarningsIf you haven`t bought the dip on BAC here: Then analyzing the options chain and the chart patterns of BAC Bank of America Corporation prior to the earnings report this week, I would consider purchasing the 34usd strike price at the money Calls with an expiration date of 2024-2-16, for a premium of approximately $1.54. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.Longby TopgOptions1
BACbullish idea with bullish divergence break out of descending trend line with 1:1 RRR Longby SurgiForex2
EOY Review $BAC outside quarter, looks promising Financials did well in Q4 NYSE:BAC with a bright green 3 on the quarter hammer on the year, with lot of upside potential notice that other financials e.g. JPM ended the year at/above previous highs meaning BAC wasn't the strongest of them but, also could mean more upside potential let' see how it plays out in '24 no predictions, price and time will tell anything can happen.... Longby RobinsOptions0
Bank of America (BAC) Stock: Breaking Out, Fibonacci DynamicsAnalyzing BAC Stock: Navigating Breakouts and Fibonacci Dynamics Introduction: Bank of America Corporation (BAC) has seized investor attention with its recent breakout from a falling wedge pattern on October 27, 2023. As we delve into the details, this analysis aims to provide insights into the stock's recent performance and chart the potential trajectory based on technical indicators. Breakout from Falling Wedge: The breakout from the falling wedge pattern marked a significant turning point for BAC stock on October 27, 2023. This event initiated a gradual yet dominant push, propelling the stock towards the 0.5 Fibonacci retracement level from the bottom wick of the lowest candle in the 9-hour timeframe. Fibonacci Retracement Analysis: In the weekly chart analysis, BAC is yet to approach the 0.618 Fibonacci retracement zone. This critical zone is anticipated to be a pivotal level, potentially triggering a significant correction towards the falling wedge resistance around $28.90. The Fibonacci dynamics serve as a roadmap, guiding traders through the intricacies of BAC's price movements. Short-Term Bearish Outlook: For the short term, a bearish stance is maintained as we anticipate the completion of a double top pattern. This pattern suggests a potential reversal, aligning with our analysis of the Fibonacci retracement zones. The completion of the double top pattern is considered a crucial phase before the stock advances further, adding a layer of caution to our near-term outlook. Conclusion: In conclusion, Bank of America Corporation's recent breakout from the falling wedge pattern has set the stage for an intriguing journey. The Fibonacci retracement analysis reveals key levels, with the 0.618 zone acting as a potential catalyst for a significant correction. As we remain short-term bearish, the completion of the double top pattern becomes a pivotal event, shaping the narrative for BAC stock's future movements. Traders are advised to stay vigilant, closely monitoring these technical indicators to navigate the dynamic landscape of Bank of America Corporation's stock performance. Shortby wikitrades2
Short EntryLove trading parallel channels. They DO be holding brah. use a stoploss pls thanks regardShortby The_Gains331
BAC Broadening Formation A clear broadening formation after GFC. What I find most interesting rn is the bounce has formed a rising wedge... aka bounce is not nearly as strong as it should be. WARNING; BAC BLACKSWAN 2024 POTENTIAL I think due to the name Bank of America, the size, and the sector, this would/could be a Silicon Valley Bank x Lehman Bros event if this formations support fails early 2024. - Russ Burry ;) Shortby Prophecies_R_Us2
Short BAC idea. Here is my thoughts on NYSE:BAC I am watching for this to go down here in the near future. I will be looking for a rejection of this supply zone with the Heikin Ashi candlesticks. My Take-Profit is the first gap fill and my SL would be at the top of the supply zone. As you can see here, we also have the MACD slowing down the buying pressure. Thank you as always for reading my analysis. Shortby OptionsMastery0
BAC - Good reversal candidate for 2024 Month price tagging 200EMA with a falling wedge set up. Volume above 28 is needed to confirm the hold and further breakout. Risk/Reward is good here only for LT passive accounts. Still needs more work for this to work as a good trade. Flag on daily should atleast test the trendline around 30. No position yet. Longby CheelooTraderUpdated 112
Bank of America support/resistance attention BAC/POWhen we look at the correlation between BAC/PO and BAC, we can see a direct proportion. And now, with BAC/PO at the long-term support/resistance point and the expectation of a rise in banks in general, it may be the bank that performs better among banks. I share my ideas and analysis to improve myself and to learn more from 3rd parties. It is definitely not investment advice. If you like it, you can support by leaving a like or you can indicate the parts you see wrong as a comment.Longby YagizArasan0
Bank Of America Priced In Silver#Banks can run, but they can't hide! Still weak when priced in #Silver.by Badcharts2
Potential Breakouts in the BanksLenders like Bank of America mostly remain negative on the year, but some members of the industry could be breaking out. The first chart (above) highlights a falling trendline along the peaks of February and July. BAC paused at this resistance two weeks ago but rallied above it yesterday. It also remained above the mid-September high. Did old resistance become new support? NYSE:PNC PNC Financial Services, NYSE:KEY KeyCorp and NYSE:USB U.S. Bancorp had similar patterns: Next is the ascending triangle in NYSE:WFC Wells Fargo, which broke out on Wednesday and jumped to a 15-week high: Patterns like this, in so many related companies, may suggest investors are rotating back into the broader industry group. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or cryptocurrencies); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a futures commission merchant licensed with the Commodity Futures Trading Commission (“CFTC”). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association (“NFA”), and a number of exchanges. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a member of NFA. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.by TradeStation4
BAC to LONG?BAC long term profit ? A popular stock + Above the average line 150 + Breaking a downtrend line + Year-end rally in the banking sector? Only an idea and not a recommendation for trading!by dovale19722
BANK OF AMERICA BUY AT 30 SELL BY 34 Earnings coming on January Christmas rally buy the Hype CyberMOnday BlackFriday Sell before Earnings !! CAFE CITY STUDIO 2024 BUY 30 SELL 32 - 33- 34 MAX SL 24 High Risk !! NYSE:BAC Longby NYRUNSGLOBAL1
BAC, 9d/-10.51%falling cycle -10.51% in 9 days. ================================================================================== This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only. Shortby Tonyder0
Triple bottom cleared. Long EntryTriple bottom fulfilled, should see next level up. Please use a stoploss, thanks!Longby The_Gains2
Great opportunity for long term investors in BANK of AMERICAThe second largest American bank has been spotted at a 61.8% retracement of its impulse wave up in march 2020. Moreover the stock has completed an entire zig zag(according to Elliot wave theory or simply ABC correction) from 2021 till date. The wave 3 target for the stock in the 3-5 year term turns out to be around $68. Longby neeraj_2_sharmaUpdated 2