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Bank of America

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BAC trade ideas

Bank of America vs oil (impacts on silver)MAXIMIUM COMPLACENCY. WHO ELSE IS WATCHING THIS? Bank of America CONTINUING downfall versus energy! Silver gained over 1700% and 550% previous times this happened. Technical notes: 1) 1970s this was a gold, silver & crude oil BULL ERA 2) 2000s this was a gold, silver & crude oil BULL ERA 3) COMPLACENY AT THE WORST POSSIBLE TIME 4) Silver's Performance Tracks Capital Flow Rotation into Oil 5) Energy putting lots of pressure right now. #gold #silver #crudeoil #energy #banks #inflation
NYSE:BACShort
by Badcharts
1
BAC is a good buy due to termoil in the markets. At the price of <$30 per share, this is a good opportunity to buy some Bank of America stock. There are major issues with the banking system, mortgage market and bond market. Due to the system we live in, this will lead to destruction of small banks, and the capital will flow into the large established banks. GS is too expensive so BAC offers some more potential. I also prefer BAC because they are a little bit more open to Bitcoin.
NYSE:BACLong
by josip
BANK OF AMERICA Stock Chart Fibonacci Analysis 091223 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 29.2/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NYSE:BAC
by fibonacci6180
Burton Malkiel should Reconsider Market Randomness..!last night I published 3 analyses on 20 tickers and shared the links with my followers. (private posts) 20 out of 20 tickers behave as predicted today..! The odds of being correct is 1 in 1,048,576..! Banks: BAC,WFC,JPM,C,MS,and GS They are all down but they are near their support levels. they could experience a rally before their earnings! Keep your eyes on them for a possible 10% rally. Airlines: AAL, DAL,UAL,LUV,ALK, and SAVE They all made bearish engulfing (except SAVE), in the weekly chart near the upper border of a bearish channel! Lower prices in the coming weeks are the strongest possibility! EV makers: TSLA, LCID, RIVN, FSR, NIO, XPEV,Li, and WKHS All of them rejected their resistance and could experience lower prices, but the exception is LCID which is already at its support! LCID could be the only one to experience higher prices..! Have it on your watchlist! Today's charts: Banks: 6 out of 6 positive..! Airlines: 6 out of 6 negative! EV makers: 8 out of 8 negative: Dear Mr. Malkiel, You need to Update the book you have written in 1973, 5 years before computers became available to public..! Best, Dr. Moshkelgosha M.D DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:BACLong
by Moshkelgosha
2
Bank of America is Shaping Up to Be Just Like PacWestWhen comparing the price action between BAC and PACW, it can be seen that both stocks exhibit the same price action, which is a Rising and Broadening Structure leading into the PCZ of a Bearish Alt-Bat, which all eventually came to a halt upon getting Bearish PPO Confirmation. This led to a breaking of the 21-Month SMA before ultimately flushing down to all-time lows after months of treating the 21-Month SMA levels as resistance. The same price action can be seen on Bank of America; it is just 1 step behind PACW at this point in time, which is the flipping of the 21-SMA into resistance. The next step would be for it to crash below the 2009 lows.
NYSE:BACShort
by RizeSenpai
(BAC) 3H - Bull Bat Type1 EntryI went long @ 28.45 yesterday. This pattern should be treated as a reaction; the Natural harmonic Reaction to the .236 retracement is the most likely outcome and is in fact a high probability trade. This patterns structure suggests that a move to 2.54-2.91 is certainly possible. I contend that that will not occur until the pattern at very least yields a NHR. Despite this possibility, I have my eyes on a larger move that perhaps will be a part of an emerging Harmonic Range. I am hopeful yet wary. The key will be the action at .236 retracement level. If price rejects there either a deep retrace to retest the lower median line or a divergent move to the 1.13 extension is likely to occur.
NYSE:BACLong
by moleman340
BAC Short Trigger incoming! Analysis of Bank of America Stock: Support, Risk, and Stop-loss Bank of America's stock is currently finding a support level at $28.71, backed by accumulated trading volume. This level presents a potential buying opportunity, as historical patterns suggest an upward price reaction when this support level is tested. In terms of daily price movements, Bank of America's stock displays average volatility, accompanied by robust trading volume. This places the risk level at a moderate range. In the most recent trading day, the stock exhibited a price range of $0.370 between its highest and lowest points, equivalent to a 1.28% fluctuation. Looking at the past week, the stock has maintained a daily average volatility of 1.68%. The Relative Strength Index (RSI14) indicates that Bank of America's stock is currently oversold, with a reading of 23. While an oversold condition on the RSI might lead some stocks to experience substantial and extended declines before a reversal, it's important to note that this also introduces a higher degree of general risk. It's advisable to consider these factors while evaluating your investment decisions for Bank of America's stock, taking into account the support level, risk level, and the potential implications of the oversold RSI condition.🩸
NYSE:BAC
by MPWRTRADES