undervalue, slight growthIt used to trade at 40 USD
Too undervalue, still has growth in Q1, one of the oldest bank.
and I just love Premier League.
Of course it's a long game.
BAC trade ideas
BANK OF AMERICA is about to start the new 2 year rally.The Bank of America Corporation (BAC) got rejected again on its 1W MA50 (blue trend-line), a level that has been acting as a Resistance since the March 2022 break-down. This has created a Lower Highs trend-line that is the key pivot level now. But before that, let's see how it's been trading on a +10 year basis.
As you see on this chart, ever since the November 2011 Low, the stock has been trading within a Fibonacci Channel, with the extensions serving as very accurate Resistance and Support levels. We have seen 1W MA50 rejections after strong corrections in April 2016 and June 2020. Each of those times, the price hit the Buy Zone (green) before rebounding to a Higher High, while the RSI on the 1M time-frame hit the 38.80 Support. The 1M MA100 (red trend-line), which on March 2020 provided Support, acted once more as the long-term Support this March (2023), exactly at the top of the 10 year Buy Zone.
As a result, BAC is a buy opportunity, but will only get confirmed when it closes a 1W candle above the Lower Highs trend-line. As far as a long-term target is concerned, the first Higher High on the Fibonacci scale was made on Fib 2.0 (March 2014), the second on Fib 4.0 (March 2018) and the third on Fib 6.0 (January 2022). Investors could hold, based on this sequence, until the 8.0 Fibonacci extension.
It is interesting to point out that each Cycle within this Channel has approximately been 4 years and each of the rallies around 2 years, like the one we're currently about to confirm.
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BAC HKEX BUYHi, according to my analysis of BAC stock. There is a good chance to buy. We notice that the stock started moving very positively. With the arrow exiting the triangle pattern. And breaking the resistance at 29.50. We also notice that a strong green candle is forming outside the pattern, which indicates the power of buyers. good luck for everbody
Bank of America - SHORTBANK OF AMERICA SHORT IMO
Needs to correct here as they have been very naughty little bankers with a "W"
nice pull back opportunity
$BAC with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:BAC after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 90%.
BAC: Quantitative Analysis and Targets Should you invest in BAC, or even more generally, banks right now?
No.
BAC is likely going to come down. If we look at its scatter plot chart below we can see more clearly the likely trajectory here:
Touching that linear line is almost a guaranteed IMO, which is a price point in the mid 30s.
I also expect it to come to or at least close to that quadratic line which is between $20 and $26.
If you look at the monthly chart (Above), I have plotted out some key technical support/resistance areas as well.
Bank stocks are not inflation resistant but tend to be more hardy against recessions. However, if this is what you are looking for, I would probably shift my interest to Canadian banks. They tend to perform better and are more secure. However, I wouldn't advise investing in anything Canadian right now, because the Canadian stock market is still currently trading at ATHs. RY is in ATH territory and its really interesting to see the huge disconnect between the NYSE/US market in general and the Canadian market. Canada is like, in a different world apparently, with no concerns of inflation, recession or anything, lol. Check out XIC (The SPY version of the TSX):
My thoughts, no financial advice!
Feel free to comment/question/critique.
Thanks for reading!
Falling wedge, 3 rising valleys at key supportThis looks like a buy to me. I am seeking a minimum 30% move here.
MACD looks nice too.
BAC Bank of America Corporation Options Ahead of EarningsIf you haven`t bought BAC here:
Then analyzing the options chain of BAC Bank of America Corporation prior to the earnings report this week,
I would consider purchasing the 30usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $0.83.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
40 - +60% ROI from BAC Bullish divergence on the annual time frame indicating a continuation of the annual trend towards $40+.
Oversold stochastic and RSI showing signs that bears are loosing control giving a great buying opportunity to secure your 3.02 dividend payments.
BAS EARNINGS IDEAok so the way i marked this up was according to what ghost showed us over the weekend. im not sure how i did so any feedback is great
BAC pre earningsBank America headed into earnings..
Im looking for a 30.50 gap close this week... this move could have after earnings .. Despite Fridays profit taking banks are still setup for a move higher.
Strong support at 28.30 or 50sma..
BACIf you don't think the world is going to fall apart & banks are going to collapse, this probably isn't a bad spot for a BAC long for the next few quarters imo.
Shorting Bank of America. BACMultiple Harmonics within a channel identified. We have changed the tune somewhat to harmonic theory of market action, but this is not a move away from Elliott. At the end, Harmonics are another or roundabout way to describe Wave action in the markets. For instance, this picture does fit WXY type corrective pattern, if we allow the current formation post a low at 26.33 to be X Wave. It is our opinion that individual indicators should never be the sole reason to put a position down, rather only act as supporting evidence what is seen through masterful Elliott Wave counts or accurate depictions of harmonic patterns.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Bank of America priced in SilverBanks close to melt down.. silver close to melt up
#Silver on brink of historical breakout.
#Banks on brink of historical breakdown.
Notes:
silver quarterly defined take off platform
2003 Bank of America tops vs silver
2003 silver breaks out
topping structure (lower highs)
Bank of America priced in goldBank of America in survival mode (priced in gold).
If it fails, expect #gold and #silver to go bonkers!
2000s
BULL ERA FOR GOLD AND SILVER
1970-1980
BULL ERA FOR GOLD AND SILVER
momentum breakdowns
8 year moving average
BAC - Short term sellExpecting upward thrust this week to fade with price falling back to recent low of 27.75 by next Friday. Selling July 15 29 -31 call bear spreads at $0.75. But do have a long term stock position in my core accounts.
Bank of America, showing strength and growth...BANK OF AMERICA (BAC) is showing signs of net buying / accumulation at the current levels -- conveying anticipation of the April 18 earnings results. The last December 2022 results beat expectations -- and it looks like the confidence will be the same for this season.
SEEDED L at 27.5
TAYOR.
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Here are some fundamental data last quarter 2022:
DECEMBER 2022 (DATA)
EPS (USD)
Expected
0.77
Reported
0.85
Surprise
10.71%
Revenue (USD)
Expected
24.22B
Reported
24.53B
Surprise
1.28%
BAC longHigher low
Demand
30 a share
Double in price
Higher high incoming
Dollar weakness
3rd Qrt 2023
$BAC being as attractive as it could beA long term portfolio type stock, down about 50% from previous high and a technical view supports the idea we might see an upcoming bullish trend.
More Downside in Bank of America?Bank of America has struggled since the plunging in March, and now some traders may see more downside in the lender.
The first pattern on today’s chart is the June 13 high of $29.80 -- below April’s peak of $30.93. The broader S&P 500, in contrast, made a higher high this month. That lack of relative strength may suggest fewer investors are accumulating BAC.
Second is the rising trend line along the lows of May and June. The stock closed slightly below it yesterday and remains there today, resulting in a potentially bearish flag breaking to the downside.
Third, MACD has turned lower.
Fourth, BAC is back under its 50-day simple moving average (SMA). Is the intermediate-term downtrend resuming?
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