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Bank of America

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BAC trade ideas

LONG BACLong $BAC here. Testing bottom of symmetrical triangle as well as 50 dma. All of the triangles being formed so far in this market have broken bullish, looking for same reaction here in this name as well as the financial sector as my overall market bias is bullish and this is a quality name that could run. RSI has been contained between 40-70, which also leads me to lean more bullish. Previous 2 FOMC meetings have also garnered bullish reactions, if it doesn't however, your stop will be able to be hit as we wont get a gap down intra-day (no overnight risk). This is a nice R/R setup with clearly defined risk as well as a confluence of supports and a potential bullish catalyst. Stop @ just under 24.90 Target price: Local High (26.76), a convincing break of the triangle & the 200 dma would have me looking at 27.75 as well as 29.01 if this name really heats up.
NYSE:BACLong
by cduxtrades
2
"BAC"k and Forth in Bank of AmericaAgainst a backdrop of the broader stock indices that don't seem to want to spend ANY time, at ANY level (w/ the possible exception of the Russell 2000), today we forayed BACk into Bank of America using a dynamic support level that printed at 25.5. When breakouts or fades get tricky, we like to fall BACk (okay, stop me) to names that are staying inside a well defined channel. We have additional confluence, or strength of signal (SOS), at the 233 EMA (T-Line) on the 1H timeframe. Expressed trade as Oct 25/28 Bull Call for $1.15db A $1.15 debit sounds familiar - maybe check out our SPY Put idea while you're here. See Related Idea. Risk is the usual 50%-ish of premium paid.
NYSE:BACLong
by TDGonTView
BANK OF AMERICA D1Autumn has begun. And this means the beginning of a new business year. US large corporations performed well during the reporting period. Due to what the American indices made a good upward movement. Small and medium-sized businesses are now suffering greatly due to the unstable situation in the country. The corona virus epidemic in America is now the most active than in other countries. But American companies have already invented a vaccine to help fight the pandemic. Elections are coming up in the United States, and the government is doing everything it can to defeat this disease. Most likely the situation in the country will improve in the near future. Increasing the activity of the economy will give more profit to the banking sector, and thereby stimulate its shares to grow.
NYSE:BACLong
by TradingForProfitPro
BAC - Long, Target $27.50 and $29.00 in the next 2 weeksBAC is forming Cup and Handle on D1 chart. Now is $26.50. with this pattern BAC's target are: $27.50 and $29.00. While the market in the correction process. The cash flow from other Sectors that are Overbought is certainly looking for a new destination. Banking is a good Sectors that is regaining balance when it exits the Oversold zone and keep going up slowly. I predict BAC will hit 2 targets in the next 2 weeks, with 70% confidence level, 10% Sideway and 20% drop to $25.50 - $26.00. Ichimoku, RSI, MACD are supporting this uptrend too. Disclaimer!
NYSE:BACLong
by PhanTichStock_com
1
BAC Bank of America will stay between upper trendline and gannThe 1/3rd gann line is acting as a strong support aswell as the 0.382 fib level that created a triple bot. The price will pull back to 0.382 level to the short term fib level which lines up perfectly with the 1/3rd gann support line and from there it will continue its way up to $27.07 price target which is the trend line and which is also 1.272 fib level before pulling back again to $26.72 retesting previous highs
NYSE:BACLong
by UnknownUnicorn7005306
Bank of American (BAC) Three Rising Valleys Bullish SignalNYSE:BAC is undergoing a 3 rising valleys pattern which is very bullish when you combine it with divergence on both oscillators. The tech sector seems to be bleeding and investors might shift their cash into financials such as BAC. Targets are also provided if one was to take part in it. Very good R/R ratio so stop loss could be set a litter looser. This is not financial advice and it is only meant for education. I am not responsible for any loss you have from trading my ideas including this one.
NYSE:BACLong
by WeTradeAcademy