@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
NCB trade ideas
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
BAC - Bank of America I personally think that the best option is to stand aside: Prices might move inside the channel (as suggested by the Stochastic - Go short), but they can still turn up again.
Just wait if the price will be able to overcome the support level again before buying.
$BAC Lays the Groundwork for a Binary-Outcome RangeBAC offers a good example of the value of perceiving the big picture in terms of technicals, with key pivots coming at very obvious points in the chart narrative.
Right now, we may be defining an extended period pinned between $18-28, where we have long-term support and resistance, net-interest margins at razor-thin levels, and no conviction about the future.
Bullish SHS pattern for BACCurrently waiting to see if price holds support at $24.05 level. If so, we might see prices moving up to $26.50 to form the right shoulder of the pattern before moving down again. If it breaks support, price might move to the next support at $23.50 and below.
Can America get $BAC on its Horse?? The GAP has been filled...
The Fed has spoken...
The more than $80B a month will continue
until further notice...
So is this $80B good for Bank stocks??
We would say YES!
$BAC - rejected @ 29 again$BAC
Few things to note:
1. Rejected a second time @ 29
2. Small $0.50 gap im looking to have filled
3. Looking for a bounce/ fall through @ $27 (set alerts)
4. RSI: in oversold territory - indicating a continued selloff
5. SMI at multi month high and rolling over.
Plays:
1. Buy over 29.50 and use 28 as stop loss
2. If is bounces at 27, enter @ 27.50 and use 26.50 as stop loss.
3. Potential in bearish case to move back towards $25 as a entry point.
$BAC could Mind the Gap! or Head for $30 Watch for YCC!How would the BANKS react if the Fed
institutes yield curve control (YCC)??
Do we see $30 or go back and fill the GAP!
