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BOAC trade ideas

Elliott Wave View: Bank of America (BAC) Looking to Extend HigheThe short-term Elliott wave view in Bank of America (BAC) shows that we are looking for more upside to complete a 5 waves impulse structure, before a 3 swings pullback at least. The impulse move started from 42.59 low to end wave 1 at 46.75. A pullback in wave 2 ended at 44.45 low. BAC then resumes higher in wave 3 with internal subdivision as another impulse in a lesser degree. Up from wave 2, wave ((i)) ended at 47.30, dips in wave ((ii)) ended at 46.00, wave ((iii)) rallied to 48.70 and a pullback appeared as wave ((iv)) ended at 47.98. The last push higher to finish wave ((v)) ended at 50.02. This completed wave 3 in a higher degree. Wave 4 pullback is building already and we are expecting an ((a)), ((b)), and ((c)) zigzag correction to complete it. Wave ((a)) is ended at 48.94 and we can see a little more higher to finish wave ((b)) to turn lower again. BAC should bounce again after end wave 4 to continue the rally and it needs to break 48.70 peak to confirm that wave 5 has started. Once a wave 5 is done, BAC could find seller to begin a correction in 3, 7, or 11 swings. The view of the wave 4 is valid as we stay above 45.99.
NYSE:BAC
by Elliottwave-Forecast
January 2022 Option trading results!Recommended position size for all the trades was 3% of the capital! Net result based on Equalsie position: +110.5% Option trading 110.5* 0.03 = 3% = +3.315% and Stock trading Ideas: +0.3% If you have followed all my trading ideas (published by the trading bot) Your capital must grow +3.615% in January 2022: In January 2022: S&P 500: -6.06% NASDAQ: -10.31% DOW JONES: -4.25% Russell 2000: -10.74% Short Ideas are not considered..! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:BAC
by Moshkelgosha
Bank of America Banking on a drop. BACShort term outlook. Bearish outlook for gains at 46, then 45. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NYSE:BACShort
by Rykin_Capital
10% Correction in banks seems imminent!Smart money sell-off before earnings! Looking at charts and the option data I'm convinced a c10% correction is imminent! You can see the most important support(green line) and resistance (red line) levels. Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:BACShort
by Moshkelgosha
5
Bank of America | Fundamental AnalysisUnder Brian Moynihan's leadership, there has been a simply astounding transformation of Bank of America's business after the deep financial crisis. The bank has transformed from one institution whose viability was in question to a better institution with exceptional asset quality, a priority on effectiveness, and industry-leading technology. And investors who bought stock in turbulent times have been well rewarded. Throughout the past decade, Bank of America has delivered an unbelievable 820% total return, and investors who bought it during the worst moments of the financial crisis have done even better. Nevertheless, many analysts still call Bank of America stock "cheap," and with a reasonable explanation. Given several catalysts that could lead to earnings growth in 2022 and beyond, could Bank of America, which currently trades at about $48, reach $100 within this year? Some pretty compelling catalysts could push Bank of America's earnings up in 2022. Interest rates and inflation are possibly the most critical for investors to understand. Let's start with interest rates. The U.S. Federal Reserve looks set to begin raising interest rates in 2022 to curb inflation, and investors expect at least three 25-basis-point rate hikes, as per the futures market, with a high probability of four or more. That would raise interest rates on loans for banks in general, and Bank of America, with its high share of non-interest-bearing deposits, would benefit the most. The bank estimates that raising the yield curve by 100 basis points would result in an additional net interest income of $7.2 billion a year. Then there's inflation. Higher inflation not only usually leads to higher interest rates, but also means higher consumer prices. Not only does this mean that consumers are paying higher interest rates, but the average amount they need to borrow to finance the purchase of a new car, house, or other purchase will also increase. One proviso is that rising interest rates can lead to lower consumer spending and other economic activity, and if rates jump too high, it's definitely worth keeping an eye on. But since interest rates are near record lows, there will be plenty of room for them to rise before it has a significant impact on spending. Over the past couple of years, bank investors have been worried about the possible consequences of the COVID-19 pandemic on businesses, such as loan defaults and foreclosures. And fortunately, the banking industry seems to have managed to avoid any negative scenarios. On the other hand, it's easy to miss some of the positive statistics and strong results achieved over the past two years. For instance, the average current account balance at Bank of America is now 40% higher than it was in Q3 of 2019. Digital sales (e.g., customers getting credit online) are 33% higher than before the pandemic. And Bank of America has raised its investment banking market share by 60 basis points to 6.9% over pre-pandemic times. In short, Bank of America enters 2022 in excellent shape for its business and is in an even better position than before to benefit from a strong economy. Bank of America stock will likely be worth $100 in the not-too-distant future, but within the next year, it is unlikely. The Fed is not forecasted to raise interest rates much in 2022, and while consumer interest rates are likely to be higher a year from now, there is little reason to believe that they will jump enough to double the bank's profitability. Whether or not Bank of America reaches a triple-digit stock price this year, the fact remains that in 2022 and beyond, there could be some pretty strong related factors contributing to earnings growth, and Bank of America could indeed be a bargain at current levels.
NYSE:BACLong
by FOREXN1
Banks could experience a bullish rally..!it seems Banks stocks have finished their correction and started a new rally! Keep them in your portfolio during high inflation times! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
NYSE:BACLong
by Moshkelgosha
6