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Bank of America

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BAC trade ideas

Bank of America: Example How to Trade Against The TrendIt is a very good example, which explains how to trade against the main trend. The price reached the upper line of the price channel. We got a trend reversal signal based on a bearish divergence. RSI is bearish, MACD supports a possible downward movement. If the price breaks the local uptrend line, it will confirm the downward movement. The market will be able to correct the previous strong upward movement and reach the zone between SMA100 and the weekly uptrend line. This zone will be good for buying based on confirmed reversal signals.
NYSE:BAC
by DLavrov
13
BAC: Good daily signal...long term trend is up$BAC offers a good entry to join the long term trend here. The daily timeframe flashed a signal today, if it holds over today's low give or take it will likely accelerate up from here, moving higher for 6 days, before consolidating once more for a week or two. Fundamentals are in place for a massive trend up in financials, with regulations loosening recently, since the financial crisis of 2008. $JPM and $BAC are two favorites here, going into 2021. Earnings reports are also extremely positive for the company, with management doing well on their promises, and digital banking reducing costs substantially for $BAC. Very low risk position for the long term. Cheers, Ivan Labrie.
NYSE:BACLong
by IvanLabrie
BAC - WEEK CHART Hi, today we are going to talk about Bank of America and its current landscape. As nowadays we live in a consumerist society and access to a credit card has continually become easier to obtain, is reasonable to predict that the card debts are also going to rise too, as financial education isn't the strong point of U.S consumers, and are used to the debt culture. The heat up U.S economy put credit card companies in a more comfortable zone as the unemployment rate remains near to historic lows, which helps customers to keep up with their bills. However, the question that worth to be raised here is, if the 90 days past due card debt is probably surging to 2.01%, the highest level since 2010 amid a heated economy, what is going to happen with this type of debt, once the U.S economy make its first downward movement of correction and make harder for customers pay their credit card bills. Even with the credit card issuers tighten their credit standards, we can't be sure it's going to be enough to avoid a crisis on the sector, which could lead to a flood of bad debt, decline of new credit card issuance and other types of liabilities. This scenario could mean concerning news for Bank of America if the company doesn't progressively start to deploy the proper countermeasures for this scenario. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
NYSE:BAC
by Igor-Silva
1
Traders Must Define Exact Buy / Sell Points.. All The TimeSo often, a very good trade is marred by a less than perfect execution . Eager to get into a trade, a trader might throw caution to the wind, and immediately take the price that a savvy market make might want them to have. Once that is done, then the entire trade is "immediately compromised",and you are put on the "defensive" as a trader. If that blunder occurs, a trader then must then either add to position, and by doing so in some cases increasing risk substantially or sell out at a loss, as the market more often than not immediately begins to work against them The best traders out there define risk by "always" letting the market come to them, and do so by entering "Limit"GTC orders waiting patiently,often time for days, then buying when many are selling, and selling near price peaks as public recognition of "the story" becomes well known. Excellent traders do their homework and study the issue they wish to buy, They know it like the back of their hand. Having bought at the right time ,then a trader must decide when might be the optimum place to sell, or exit a particular trade hopefully with a profit, but often times with a "breakeven" or often at a loss, because of poor order placement The point of this discussion is to illuminate just how hard it really is for a trader who even having done their homework now must,complete both sides for a successful trade. Traders don't talk about this usually. This gets swept under the rug of,.. "there will always be losses" My point is to minimize them.. So next time you are "beside yourself" to get into a trade, think twice about it. I have pulled up a random chart here of Bank Of America ( BAC) See if you can define where a proper "buy and sell" point might be,on this chart. Can you see it ..? Trading is an extremely difficult occupation to have. Just being honest here. Make yourself a winner by knowing the shot and by doing the trade " the right way" the first time. And never look back. We all do it, don't we ..? Move forward instead, Your bank account will be glad that you did. THE_UNWIND 12/12/19 NEW YOUK
NYSE:BACEducation
by The_Unwind
short BIAS on BACThe furthest BAC has moved away from the mean is 19% Over the last year or so. BAC has moved around 17% to the upside the past few months with no significant pull back. BAC is set for "breath" in price action. If negative news develops it could amplify the downward move. I like the Dec 27th 30-30.5 puts here as a conservative wager. You could look lower if you want to stretch out to next year (JAN). They are cheap and with a 3-4 week expiration could see some nice returns.
NYSE:BACShort
by srcontrol11
1
Bank of America Bearish Butterfly (Daily)Good evening ladies and gents, Bank of America Shorting opportunity here. Entry would be inside the pink box, (safest possible entry is at the top of the box at the 1.618 "$34.07" golden mean ratio. Stop set for slightly over 3% with a 10+% exit targets. You could take profit at B and also common retrace areas. Once a definitive swing is set, I will post exact common retrace targets. Join our Free Telegram Channel: t.me We are a new community growing day by day in hopes to accomplish a trading premium group by December 1st of 2019. Subscription prices are $99 a month, $499 for 6 months and $999 for a year. We give the best possible technical analysis with a touch of art work to it hence the name "ChArtWorks" ;). "We remove the hard work from your end and just give you the trade set ups along with education." Don't let the prices scare you, we give TA free too! But the most benefits are in the Elite Channel. 50% off all Contracts for Military Veterans and Active Duty Service Members, just provide your DD214 or Military ID for proof of Status. Discharge Type is completely confidential and does not need to be shared. I am a Marine Vet myself and I will not share any information regarding Military status with anyone else. Feeling generous and wanting to show us love and support? Donation addresses are listed below $Usdc: 0xe3b95b4575d6456D090ac24Ad4DC8D46C9c97b2C $Bitcoin: 3Jg9ng234aJdgz3zzt3iCyeb124eAmKs5N $Ethereum: 0xd251Cc3b78e92191B5dEC4E0D2f2acDCa5B33599 $Litecoin: MRHupJeTegPM2a8AJewC3B1oqq7Mpjr1MK $Xrp: rw2ciyaNshpHe7bCHo4bRWq6pqqynnWKQg Tag: 2183371567 $Bat: 0x9b95E0Bd4556dbb0b407B32f43B923607b896F48 $ChainLink: 0x559d92B08D72Fe20B0aF063ebE59ead6612c2b00 $Dash: Xq5kCnMknHrknC2ipw1JGuRcdbDtbTSqWU $Beam: 553e2b176e611674559f92b8fa10f5d129bd80acd14fb5f8d6e387ab4f0b281144 $XMR: 4DSQMNzzq46N1z2pZWAVdeA6JvUL9TCB2bnBiA3ZzoqEdYJnMydt5akCa3vtmapeDsbVKGPFdNkzqTcJS8M8oyK7WGj2kh3ajCzSUSAQTr
NYSE:BACShort
by ChArtWorks_TechnicalArts
8