BAC trying to break the resistance 3 valley's then boom!I expect a third small valley then we break resistance I am long on BAC
NCB trade ideas
HEY BACThe potential growth of NYSE:BAC is about 23% and the target price of JPMorgan is above 37$ per share
BAC on watchHave been watching this for a while. Holding just below the 618 resistance. If it break we could get a decent move up the 786 and 886.
Most of the the banks have already moved so watching to see if this will follow given that yields are rising again. Might be one to buy and hold
vs trade. Doesn't seem to move much intraday but likes to gap when it gets going.
BAC resistance levelBAC appears to be approaching strong resistance, channel resistance, and FIB .618 level after the breakdown in March. May experience turbulence soon.
BAC run-up till ER NYSE:BAC
With vaccine news, banks are expected to have less money put aside to cover default-risk-related assets, that is the recent run up.
Also the fed Rate has "quietly" go up and US 10Y also run up which cause this bank bull run.
so Bull side: more vaccine/news rally this can go to test 30.4 level , which could be a strong resistance.
Bear side: considering 2H,4H MACD strength as declined although price has pushed higher, this indicate upside strength losing.
Overall : current price indicate bull side, unless 27.8 area breaks ( we also have 20MA below) we can hold and using covered calls at 31 level to lower position cost.
Patience is the key.
Plotting a Gap Trade on $BACThis is a trade that I took last week on Bank of America after its big gap. I am still holding the full position.
Sharing as an educational post. Hope it helps folks wanting to learn and advance their trading skills.
*First Time Publishing* Potential Ascending Triangle BAC This is my first time publishing and I'm looking to share my ideas on BAC having an ascending triangle on the hourly chart with a potential breakout point at around $29.10. Please let me know any feedback and criticism you guys might have for me.
Bank of America strong bullrun ahead?NYSE:BAC
Bank of America just before June 2020 brakeout.
Secondary trend turned bullish indicated by EMA 20 / 50 crossover.
Very strong MACD and high RSI value combined with positive money flow (CMF) indicate a strong momentum for further upward movement.
CRV = 2,77 / Stopp Loss below Aug 2020 high / Take Profit at January 2020 low
BAC: weekly view chat bubbles say it all. Currently on lower TF it's looking like trying to find sell setups is a good idea.
The only bank with the most Blockchain Pattens Brian Monahan said himself , they or “we” are heading into a cashless society.
BANK OF AMERICA SELLS OFF TOOCANNOT ACTUALLY SAME MUCH BUT THE USD WILL REALLY BE ON A BEARISH SIDE OF THE MARKET NEXT WEEK ...EVEN THE BANK OF AMERICA HAS IT SAID THAT INVESTORS ARE NOT OPENING ANY MORE NEW LONGS TO BOOST THE BULLISH SIDE OF THE DOLLAR.THIS IS THE TIME WHERE WE ALL NEED TO BE LOOKING AT THE POSSIBILITIES OF THE BANK OF AMERICA GOING SHORT AFTER THE WEEKEND
Bank of America short term viewThis stock looks like will come down to the 23s in the short term. In the long term it will rebound to 28 or 29 if the Senate stays controlled by Republicans.
BAC (triangle) Les MM sont tous en dessous du prix et il y a une formation bull flag en cours. si le prix brise le haut d'hier il devrait y avoir continuité.
