BAC UpdateChart still looks ugly.
I would imagine it'll bounce ~3-5% before getting hammered back down.
The fundamentals are getting priced in.
NCB trade ideas
BAC Possible H&S Bouncing off trend line very weakly.
If it gets rejected at resistance, it'll form the right shoulder.
@BAC - BUY based on CCI 20 Close (-131.61)BUY only for this One...
@BAC
Estimated EPS USD 0.33
Last EPS USD 0.40
Last Dividened USD 0.18
BAC - Showing weakness ?Hello Everyone! Today quite a weird close for BAC few cents below its 50 moving average, this moving average sustained the price action since the lows of March, is this behaviour a sign of weakness ? It might be, as it had all chances to close above this level and it finished below.
Price is trading in an important area, very close to the 50% Fibonacci retracement, it might take any direction.
For north direction we have to see closing above the 50 moving average (23,87) to show signs of bullishness, for south direction watch the next hourly close below that level tomorrow.
Thanks for reading and post a comment if you like to do that and....may the market be with us!
@BAC - BUY based on CCI 20 Close (-73.12)Buy Only for This One...
@BAC
Estimated Earning Per Share USD 0.34
Last EPS USD 0.40
Last Dividend per Share USD 0.18
BAC - ShortThere have been quite a lot of red over the past few weeks. This thing seems to be jumping based on news and optimism.
With Mr. Powell stating that we may be in for a long recovery, has this increase in price been justifiable?
This is going to come down to how states handle surge in cases. Will there be more restrictions? What parts of the country? What about travel?
Who knows. But the charts show us that we're on a bearish trend.
BAC prepares to continue the bearish wavePrice is sitting at the neckline of " Head and Shoulders" Pattern.
We wait for a breakdown and a retest before considering a Sell position.
BAC pinbar play- BAC pinbar on the daily with high volume. (rejection of price from fib level)
- Bounce off the 0.618 lvl
- Needs to break 100MA on daily and fib level for a play
- MACD histogram curling to the upside
BAC CallTheoretical trade on BAC. Potential bounce on trendline. Looking at $27 BAC July 17 calls for $0.60. Note the two potential zones for profit taking and two potential stop loss zones. Obviously no idea what I'm doing, but wanted to publish for my own personal accountability.
Be careful of trendline breaking as we test it.
BAC LongBreakout bottom,
re-test structure level,
Demand zone confirmed
Estimate: ABC pattern, Size(C)=(A)
Entry: 25.3
Stop: 23;
Target: 33; risk/reward=1:3
This is a training homework. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
bank of america shorting opportunity on shorter time frame....here in bank of america it's shorting opportunity on 15 minute timeframe
simple setup : breakdown of trendline
downside of 200dma
resistance area rejection....
always keep stoploss while trading thankyou......
Buy opportunity for BANK OF AMERICA CORPORATION StockA downtrend was breached, the price was reflected from a daily uptrend, and RSI formed a positive diversion.
$BAC | Bullish Triangle Breakout and Double BottomTarget 1: $25.60
Target 2: $26.50
Target 3: $28.30
