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Bank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 4.375% Non-Cumulative Preferred Stock, Series NNBank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 4.375% Non-Cumulative Preferred Stock, Series NNBank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 4.375% Non-Cumulative Preferred Stock, Series NN

Bank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 4.375% Non-Cumulative Preferred Stock, Series NN

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BAC/PO trade ideas

Warren Buffet is buying blocks of BAC. Let's look at the chart..Buffet has acquired $2.1 billion of BAC in the last 12 days ( see source below ). Because Buffet's time horizon is "never sell", it would make sense to look at an ultra long time frame, like the 12 month candles. In Q1 of 2020, BAC tested a major level that was supported in Q1 2000, and had significant resistance in Q1 2009, Q1 2010, Q1 2014, and Q1 2015, before it finally broke out in Q1 2016. The first quarter of the last 20 years has been consistently important, proving that once again in 2020. BAC also tested major technical levels as shown in this chart: Based on the price action, Bank of America could be a solid investment for long time horizons and a good asset to play the long side for traders. It would not surprise me to see Bank of America double in the next several years. However, traders move money around for a living. Returns are always relative. Other investments are likely to see significantly greater returns than BAC, so what could be a good investment against fiat may not be a good investment against other assets. markets.businessinsider.com
NYSE:BACLong
by Lanmar
BAC riding Impulse Wave 3 of Elliott wave right into resistance!BAC looks to be riding Wave 3 Impulse with Extension right into strong Resistance. Could be a perfect spot for some consolidation into wave 4 before wave 5 looks to test the resistance. Conversely we could see a push through the resistance and then wave 4 will form and bounce off of the new support. Looking at wave 3 being an extension wave it is at it's 5th point and seems to me that any at this point would lead to wave 4. - RSI is overbought on 4 hour chart (71) BUT only at 63 on the daily chart SO we could see a blow through of the resistance due to it still having room to move on the daily chart - looking at the previous may-june wave setup it seems to be doing the same setup, wave 3 tests the resistance and then wave 5 blows through it opposite: oversold and strong resistance could lead to breaking of the waves and bearish move Lets see what happens. Happy to hear any critique/ideas on my setups or ideas, thanks!
NYSE:BACLong
by DOpeTrades
1
Bank America Swing TradeThe price breakout on July 29 caught my attention. I decided to wait a couple days to get some confirmation that the price would hold at the new level. Starting on Jul 31, I've been opening positions based on volume and price analysis at or below to 20-DAY EMA, closing positions based on BUYING volume falling below average. At any other time in history, I would be holding my position through this trend, but given the circumstances unfolding around the world, it seems prudent to be in CASH as often as possible. If the financial sector gets the slightest whiff of unpleasantness, I expect to see a high-volume selloff with little notice. You can see how uneasy the market is given how often this stock gaps down from its upper bollinger band.
NYSE:BACLong
by SLOPolarBear
Bank of America (BoA) / Short Term AnalysisWith the index that started to rise after the abundant money support given to the markets after the pandemic, we saw that this stock's price could rise to the level of fib 0.618. After this situation, the price seems to be between the rising trendline and the fib 0.382 level for now. If this continues and acts as a rising triangle pattern, the price may reach the tested fib 0.618 level in August or October. Only personal opinions and ideas. Does not include "Legal Investment Advice"...
NYSE:BACLong
by EmoteK