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Bank of America Corp.

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NCB trade ideas

Cup and HandleAscending Triangle also noted. Small gap under price with resistance overhead from the top of the cup and from the top trendline of the ascending triangle. Support and resistance levels were made to be broken. Getting a good long entry level can be important to your psyche. Price may go a bit below mine sometimes and I wish I had waited a little longer. I try not to be a lost ball in the tall grass, as I realize panic can be my own worst enemy. Having a trading plan helps and a simple plan can be just a level to enter a trade, a level to exit a trade (be it a mental or entered stop loss or price hits the target), and a reason to enter the trade. No recommendation. The market is not your friend, but it is not your enemy either. I went with this one a while back, and I realize it could pull back, but for some reason it feels safer than many and is the reason I entered it. EPS 3.15 PE 12.97 Yield 2.05%
NYSE:BAC
by lauralea
4
BAC Bullish Trend(Update)BAC is slowly forming signals that may suggest an up-move to be had. Currently I'm making this TA during market hours so I suggest you wait until market close to see if the TA still holds up. I believe we may see a move to the 44's since we are seeing a ema cross form on the Willy Oscillator. Not only is the willy oscillator forming a trend, but the squeeze indicator shows reducing selling momentum. If you are a more of a risk aversive trader then it may be wise to wait to see a confirmed squeeze or to wait and see if BAC comes back to support. Bullish Signals -Ema cross(willy oscillator) -Squeeze indicator(reducing selling) Price Target -43.43
NYSE:BACLong
by ddcakez
Decades Long Rising Wedge on BAC (Targeting 80% loss)The main chart and title is pretty blunt. We see two rising wedges on BAC and the blue one predicted the 2008 crash, but because this is on the monthly chart it tools years for the price action to perform. We may again see this happen again as the crash begins moving in slow motion and is imperceptible to most as the problem becomes more and more severe. With the blue wedge price action tested previous action as support for about 6 months. The main reason I don't think people are aware of what is going on is they don't really look at monthly charts and if they do they don't think to always use the log scale on traditional equities, even though the price action goes from $1.6 to $50. Many may see this and not see any short term trades and may also just forget what is coming. Later they look back and go Doh! and I know I have made that same mistake. Get chopped up and stopped out looking for a margin long when I could have just held or stopped out looking for a short when I could have just bought the dip at target. It seems to me to be a time to pivot to plays around the market topping as well as preparing for a bear market and perhaps the social unrest that will bring. I personally will be looking to buy BAC or other equities for the long hold while around (below) the purple trend line. Stuff like this makes me think about what """They""" are thinking when they take years to distribute. There is probably a reason why in the 08 crash the SPX bottomed out at 666.
NYSE:BACShort
by This_Guhy
1