BAC trade ideas
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 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.
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.