BAC trade ideas
BAC-0.22*PNC $BAC (Bank of America Corp) vs. $PNC (PNC Bank)Quantamental Tools for Proprietary and Retail Investors.
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Long 100 BAC
Short 22 PNC
Gap filled on BACGap was filled and going up to the resistance line in this long term symmetrical triangle as expected
BAC Long i am with Warren B on this trade, he just bought a heck of share recently. they see something we do not. plugged in 3000 shares long term i am ready.
09/29/2020 BACBAC is hitting some key levels. Looks to be finishing wave 2 of a wave 3 of 3. Play this if you prefer over JPM. I like this set up a little more, although JPM has a nice triangle. Looking to go long with a couple of diagonal spreads to reduce the cost basis of my monthly options.
Symmetrical triangle on long termSeeing a symmetrical triangle on long term
For short term it will test the 0.382 and will either break up and gap fill or fail and go down to support line.
Let me know your opinions. Still learning :)
BAC LEAPS BAC looking to repeat this pattern, looking to retest 55 within these next couple years. Bounce off my support zone at 18.04 making its way up to retest 35.40 break that we could see an overall move up to $44. Perfect stock to add to your long term portfolio. Warren Buffet's second largest holding in his portfolio is BAC so why not invest and follow the most successful investor of all time. Shares are a good hold and ITM calls for 01/2022 are perfect to add to the portfolio.
BAC Symmetrical TriangleBank of America squeezing in between support and resistance. Could pop in any direction but I think its going up to be honest. We'll see how it plays out.
BAC - Wait for price drop to $23 zone then Long to $25NYSE:BAC
Just an idea:
Wait for it drop to $23.00 - $23.50 zone.
Then entry Long to $25.00 - $25.50.
Stop loss or hold long is up to you.
Disclaimer!
Free diving..?Bank of America is in big big trouble. The Nearest support level is 10% away, the next one is at 20% and the last one almost 30%!!!
BAC Short UpdateBAC now clean break below trendline in overall downtrend.
This could be a big long-term short around this area.
(Opinion only, not financial advice)
$BAC pass $30 EOWI'm seeing $BAC give 2 attempts on breaking out of an ascending triangle. Was the breakout successful? Judging by the throwback and bouncing off support (old resistance) it would seem it on it's way to pass $30. Yes yes i spotted a cup and handle as well and the oscillators look bullish too.
BACFinancials look sad, still in an uptread with in its monthly ranges i believe this is very close to breaking down
BAC - 15.25% Profit Potencial Bullish Pennant The uptrend line was respected several times and it was proved to be a reliable support.
The target price $28.92
Stop Loss $24.73
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.
