BAC is still in this nasty bearish downtrend channel </3once we break above trend resistance the bull rally will be lovely, but until then bears have general control here.
long trigger 37.10/trend break, short trigger at 34.14
NCB trade ideas
BAC Fibonacci 50%The .386, .50, and .618 retracement levels form the basic structure of Fibonacci grids found in popular market software packages, with .214 and .786 levels coming into play during periods of higher volatility.
Viewing the trends of the market through the lenses of a Fibonacci grid enables investors to see larger patterns beyond immediate upturns & downturns & to pinpoint prospects for profits that may be just beyond the view of investors who are spooked out by a short-term view of the trends.
BACNot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
LONG BAC 35.47 target 40Look daily still heading down but holding supprt 35
look weekly on bottom turning up its still only a swing trade
Look selling vol less
target 40 50 day ma
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$BAC P < 35.51
$JPM P < 117.94
$WFC P < 42.49
$XPEV P < 19.66
Looking for a 3-1-2 bearish continuation on all these picks tonight.
If you're looking to play calls, it should ideally be only as a scalp. Overall trend remains bearish.
Trade safe! 💰
depression is coming or something worse brr brr brrdescending wedge, most likely going to form head and shoulder. Oversold as well. im going to ride it up with calls and then ride it down with puts after.
Bank of America - it will be a great again like USA? hi,
we have a big problem, because when I look on the Simple Wall Street application I see that lot of managers from top banks sold their stocks of their own banks. I think: Citi, Goldman Sachs, GP Morgan,
Please read also ZeroHedge article about banks in USA, only to summarize it: we have to wait to October to see where will be the index of SPX
in Poland we say - without banks there is no hosanna, bullish market.
There is great back in stocks, lot of selling, people are right now on the cash sitting.
I think that looking on Fibonacci - 25 will be tested, o 20 USD?
Also look if there are more PUT or Call Options.
It is better to wait right now and wait for any signal that it will move up back, on all the market, not only on one stock
There will be up and down, hills and bottom, remember that next hill must be above last one that we can say that market will move then up...
Also there must be a calm down - no more sliding down in quick time ...
Short scalp $BACBased on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF $BAC breaches yesterday's low of $ during today's session.
BAC Supply Area= Red
SnR= Blue
Trendline = break or sustains?
Overall Trend is in downward, but there is always opportunities everywhere!!
BAC POSITION SHORT WEEKLY STOCH 43.62Went short BAC weekly about roll over
Daily 200 day MA huge resistance
I have a scout on meaning I put 25 shares on
4 dollar trailing stop most I loose is 100 bucks
give it room breath.
Order in breaks 38 load up target 19
$BAC - Bank of America - Bullish Move$BAC - Long this stock - 3 indicators confirm the bull trend
1. The Hiekin Ashi candles have indicated a Bullish Move. The bear trend stopped with a large green candle on the Hiekin Ashi chart.
2. The candles have bounced off a common resistance area. Previous areas have shown resistance.
3. The RSI is indicating it has been oversold. Every time this stock has oversold there is a reversal.
4. The Q1 Earnings show great potential for this stock to grow.
Targets - Long the stock
Buy @ 39.57
Sell @ 43.79
Stop Loss @ 38
$BAC with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $BAC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
Long BAC - Bullish divergence spottedBank of America had a strong rebound yesterday by forming a bullish engulfing candle. Furthermore, it was supported by the RSI bullish divergence and oversold signal. More importantly, the falling wedge formation is indicative of a potential bullish upside.
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Bank of America Spike on EarningBank of America stock NYSE:BAC had a swing trading Spike on earnings today (see below). The spike on earnings is a catalyst I like to look for as a potential risk defined long BUT it is occuring within price action at no clear prior support level. The broad COVID > High 50% Retracement is down at 34. It will still be worth watching today's Daily close to see if price recovers the March low for a potential failed bearish breakout. Sitting and watching for now.
Bank of America as a buy stock based on technical analysisBank of America as a buy stock based on technical analysis.
Using Stop-Loss for all my trades
$BAC BROKE MAJOR SUPPORT!-Major support broken at 38.17 good opportunity for smaller accounts to capitalize off cheaper options
-will be lookin for an entry on puts as we get a continuation
-1-2 candlestick confirmations to avoid fake outs
GO LONG HAILMARY PASS BAC Hello everyone!!
BAC I bought in at $13 and I've been in since.
Let's wait for it get closer to 26.24 buy it at any price between 26.24 - 35.18 and hold until 2025 thank me then.
BAC - BULLISH SCENARIOBank of America Corporation will report earnings on Monday (18.04) before the market open. The expectations are for 0.7492 EPS and 23.18B Revenue.
On the chart, we have a long-term ascending price channel, RSI in bullish divergence and the price is heading for a new test of the horizontal and diagonal support level.
If the support level withstands, this will be a good entry for the long-term traders.
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will we bounce off extreme support again?BAC is a good risk reward here for longs, potential higher low bounce near extreme support.
I dont expect anything crazy but a move to 43-44 is possible.
BAC Bank of America - Alternate viewCould potentially be seeing a Head and Shoulders pattern forming, which is more prominent on the Daily, but for the sake of seeing the full picture I've chosen the Weekly Chart.
- Head and Shoulders Pattern
- Sharp Sell off to Complete the H&S's
- Bought somewhere between $22-30 , to complete an Inverse Head and Shoulders (Right Shoulder) before the rally starts.
BAC a buy?? Why I think so. With the current rising rate environment and BAC just being one of the best banks to capitalize we could see some upward movement in the next few weeks. Entry point currently around $39 Will continue to watch this area. I expect a quick touch of the trendline and a solid bounce higher.
