BAC to the MOONI love bank stocks and the reason is that it is slow and predictable. It is almost identical to the economy. If the economy fluctuates, it will indeed replicate every movement... more or less
BAC trade ideas
$BAC - could have a small rallyheaded to that golden cross
ATR is not super supportive and stochastic could be better
Flattened histo on the MACD
One to watch
BAC (S&P 500) - Fast Turtle Buy with Potential Reversal.Finance Sector
Higher High and Higher Low (Uptrend)
Price still below EMA50
Recent Fast Turtle Buy on daily chart formed Hammer candle on weekly timeframe at trendline support.
FiFT turned +ve indicating Bull is getting stronger with Buy on Dip signal appears.
Price Higher Low and Indicator Low Low present Hidden Bullish Divergence which mean stock may trend higher.
ATOM still neutral.
This is for long term trade/investment.
$BAC - on golden cross watch listShould have got in today, and I did not. Will look again Wednesday 12/23
great trend from lowshas lots of potential here, like the title says its been a nice trend from lows, with potential to test 31-32 here if the top trendline breaks. i would go too heavy here simply because these banks have a history of losing gains. goodluck :)
Buy Signal: 28.90Stop: 28.00
We see potential continuation out of this broad range. We have tight stop so this is more of a momentum play by the model.
BAC FOR lONG IN 16 DECEMBER BUT AFTER A SMAL CORRECTION BAC FOR lONG IN 16 DECEMBER BUT AFTER A SMALL CORRECTION MAYBE TOMORROW IN THE OPEN
ENTER FROM THE YELLOW LINE AND TAKE PROFIT WHERE I SHOW YOU
AND AS I SAID ALWAYS WHEN YOUR DEAL ITS 50% OF GAIN TAKE 50% OF IT AND MOVE STOP TO BREAK EVENT OR ENTER POINT AND REMOVE TAKE PROFIT AND LET IT TO RUN TO CATCH MAXIMUM PROFIT IF THERE'S BIG TREND
HAVE A NICE DAY
CHEER
THOMAS
$BAC daily-Bearish engufling candle today
-Bearish MACD cross
-Continued weakness going into year end
-Looking for gap fill to $27.50ish
-Then move to $27ish
-If $26.30 breaks, could see move back down to $25
BAC trying to break the resistance 3 valley's then boom!I expect a third small valley then we break resistance I am long on BAC
HEY BACThe potential growth of NYSE:BAC is about 23% and the target price of JPMorgan is above 37$ per share
BAC on watchHave been watching this for a while. Holding just below the 618 resistance. If it break we could get a decent move up the 786 and 886.
Most of the the banks have already moved so watching to see if this will follow given that yields are rising again. Might be one to buy and hold
vs trade. Doesn't seem to move much intraday but likes to gap when it gets going.
BAC resistance levelBAC appears to be approaching strong resistance, channel resistance, and FIB .618 level after the breakdown in March. May experience turbulence soon.
BAC run-up till ER NYSE:BAC
With vaccine news, banks are expected to have less money put aside to cover default-risk-related assets, that is the recent run up.
Also the fed Rate has "quietly" go up and US 10Y also run up which cause this bank bull run.
so Bull side: more vaccine/news rally this can go to test 30.4 level , which could be a strong resistance.
Bear side: considering 2H,4H MACD strength as declined although price has pushed higher, this indicate upside strength losing.
Overall : current price indicate bull side, unless 27.8 area breaks ( we also have 20MA below) we can hold and using covered calls at 31 level to lower position cost.
Patience is the key.
Plotting a Gap Trade on $BACThis is a trade that I took last week on Bank of America after its big gap. I am still holding the full position.
Sharing as an educational post. Hope it helps folks wanting to learn and advance their trading skills.
