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Bank of America

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BAC trade ideas

Bank Of America: 2008 All Over AgainRising wedge has formed on BAC. The same pattern it had formed from 1996-2008. BAC is testing its bottom trend line. This could get ugly fast. Fed cuts rates the most since 2008 to promote more artificial economic growth. It definitely helps the fact people are scared of a virus. This was just the pin that popped the bubble. They will blame it on the virus if markets tank. People seem to forget Bitcoin was created exactly after our last financial crisis. For the reason, we don't trust our banks. BTC has risen in value of more than 2 million percent!! It's got to be on to something. Comment and like!
NYSE:BAC
by traderview2
Bank of Amerika goes in a short zoneNYSE:BAC Against the backdrop of the general hysteria about the coronovirus, BoA have fallen rapidly over the last two days. Moreover, price broke a strong weekly support level. The shorts model is strengthened by the fact that the price updated the low of long-distance retest, which is usually impossible in the normal market conditions. As a result, the stock is being openly sold. I also pay attention to the fact that yesterday closed almost under the low, the hourly and five-minute chart shows the same signal for further fall. If the fall continues today and they go below the daily level, there will be nothing to stop the price in short zone. No matter whether you take my ideas into account or not, you should trade only at your own risk-on-trade and from your own MM-strategy. And don't forget to use SL-orders especially now, in a falling market..
NYSE:BACShort
by AllexMl
8
Elliott Wave View: BAC Approaching Short Term Support Short term Elliott wave view in Bank of America (ticker: BAC) suggests the rally from January 27, 2020 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from January 27 low, wave ((i)) ended at 33.49 and pullback in wave ((ii)) ended at 32.65. The stock has resumed higher in wave ((iii)) which ended at 35.45. Internal of wave ((iii)) subdivided in 5 waves impulse in lesser degree. Up from 32.65, wave (i) ended at 33.40, and wave (ii) pullback ended at 32.92. Stock then resumed higher in wave (iii) towards at 35.01. Wave (iv) pullback ended at 34.24 and the final leg wave (v) of ((iii)) ended at 35.45. Wave ((iv)) pullback is in progress to correct cycle from January 30 low before the stock resumes higher in wave ((v)). The pullback is unfolding as a zigzag structure where wave (a) ended at 34.78 and wave (b) ended at 34.97. Potential area to end wave (c) of ((iv)) is 100% – 123.6% Fibonacci extension from February 12 high which comes at 33.9 – 34.3. From this area, BAC can then extend higher or at least bounce in 3 waves.
NYSE:BAC
by Elliottwave-Forecast
BAC: Confirmed long term trend...I published this one only now, I've been long for a good while, and banked profits recently. I bought $BAC today, near the closing price. I think this stock is primed for a huge rally, that will end in a new all time high by 2021. Definitely one of the strongest long reccomendations I can make to benefit from the long term trend that is active in the S&P500 right now. Management is very competent, and earnings reports have been very positive for the company since banking regulations started being eased recently. This is a big positive for financials, and with $BAC's capable CEO continuing to reach their goals on time, reducing costs and operating at huge efficiency ($BAC has one of the highest efficiency ratios among its peers), and most people pessimistic about the outlook of the economy and the stock market, the path of least resistance is up.
NYSE:BACLong
by IvanLabrie