depression is coming or something worse brr brr brrdescending wedge, most likely going to form head and shoulder. Oversold as well. im going to ride it up with calls and then ride it down with puts after.
BAC trade ideas
Bank of America - it will be a great again like USA? hi,
we have a big problem, because when I look on the Simple Wall Street application I see that lot of managers from top banks sold their stocks of their own banks. I think: Citi, Goldman Sachs, GP Morgan,
Please read also ZeroHedge article about banks in USA, only to summarize it: we have to wait to October to see where will be the index of SPX
in Poland we say - without banks there is no hosanna, bullish market.
There is great back in stocks, lot of selling, people are right now on the cash sitting.
I think that looking on Fibonacci - 25 will be tested, o 20 USD?
Also look if there are more PUT or Call Options.
It is better to wait right now and wait for any signal that it will move up back, on all the market, not only on one stock
There will be up and down, hills and bottom, remember that next hill must be above last one that we can say that market will move then up...
Also there must be a calm down - no more sliding down in quick time ...
Short scalp $BACBased on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF $BAC breaches yesterday's low of $ during today's session.
BAC Supply Area= Red
SnR= Blue
Trendline = break or sustains?
Overall Trend is in downward, but there is always opportunities everywhere!!
BAC POSITION SHORT WEEKLY STOCH 43.62Went short BAC weekly about roll over
Daily 200 day MA huge resistance
I have a scout on meaning I put 25 shares on
4 dollar trailing stop most I loose is 100 bucks
give it room breath.
Order in breaks 38 load up target 19
$BAC - Bank of America - Bullish Move$BAC - Long this stock - 3 indicators confirm the bull trend
1. The Hiekin Ashi candles have indicated a Bullish Move. The bear trend stopped with a large green candle on the Hiekin Ashi chart.
2. The candles have bounced off a common resistance area. Previous areas have shown resistance.
3. The RSI is indicating it has been oversold. Every time this stock has oversold there is a reversal.
4. The Q1 Earnings show great potential for this stock to grow.
Targets - Long the stock
Buy @ 39.57
Sell @ 43.79
Stop Loss @ 38
$BAC with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $BAC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
Long BAC - Bullish divergence spottedBank of America had a strong rebound yesterday by forming a bullish engulfing candle. Furthermore, it was supported by the RSI bullish divergence and oversold signal. More importantly, the falling wedge formation is indicative of a potential bullish upside.
Bank of America USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Bank of America Spike on EarningBank of America stock NYSE:BAC had a swing trading Spike on earnings today (see below). The spike on earnings is a catalyst I like to look for as a potential risk defined long BUT it is occuring within price action at no clear prior support level. The broad COVID > High 50% Retracement is down at 34. It will still be worth watching today's Daily close to see if price recovers the March low for a potential failed bearish breakout. Sitting and watching for now.
Bank of America as a buy stock based on technical analysisBank of America as a buy stock based on technical analysis.
Using Stop-Loss for all my trades
$BAC BROKE MAJOR SUPPORT!-Major support broken at 38.17 good opportunity for smaller accounts to capitalize off cheaper options
-will be lookin for an entry on puts as we get a continuation
-1-2 candlestick confirmations to avoid fake outs
GO LONG HAILMARY PASS BAC Hello everyone!!
BAC I bought in at $13 and I've been in since.
Let's wait for it get closer to 26.24 buy it at any price between 26.24 - 35.18 and hold until 2025 thank me then.
BAC - BULLISH SCENARIOBank of America Corporation will report earnings on Monday (18.04) before the market open. The expectations are for 0.7492 EPS and 23.18B Revenue.
On the chart, we have a long-term ascending price channel, RSI in bullish divergence and the price is heading for a new test of the horizontal and diagonal support level.
If the support level withstands, this will be a good entry for the long-term traders.
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will we bounce off extreme support again?BAC is a good risk reward here for longs, potential higher low bounce near extreme support.
I dont expect anything crazy but a move to 43-44 is possible.
BAC Bank of America - Alternate viewCould potentially be seeing a Head and Shoulders pattern forming, which is more prominent on the Daily, but for the sake of seeing the full picture I've chosen the Weekly Chart.
- Head and Shoulders Pattern
- Sharp Sell off to Complete the H&S's
- Bought somewhere between $22-30 , to complete an Inverse Head and Shoulders (Right Shoulder) before the rally starts.
BAC a buy?? Why I think so. With the current rising rate environment and BAC just being one of the best banks to capitalize we could see some upward movement in the next few weeks. Entry point currently around $39 Will continue to watch this area. I expect a quick touch of the trendline and a solid bounce higher.
Doji candle buy signal with the main trend.Buying Doji signal with the main trend, the market shows a lot of potential upside giving the fact that we had a significant move lower.
BAC shortchecking out XLF and saw banks are down again today , we can continue selling into tomorrow thus I checked out one of my favorite bank stocks $BAC . break below 41.08 (or 41 if you like flat numbers) we can see 40.18 , even down to 39.85 . 40.5 cons are at .16 / 40p are .08
that's just my humble opinion though , do your due diligence . NFA
$BAC Key Levels, Analysis & Targets $BAC Key Levels, Analysis & Targets
Bank of America… Ok… I’m starting to setup swing plans again…
All target are buy targets…
Have each target locked and loaded, and once it fills load the next buy target.
After each target hits set your SELL order for 17%… (that’s the lowest and I’ll adjust this along the way)
Happy Swinging…
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I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
Bank of America Stalls at Potential ResistanceFinancials are the second-worst performing sector in the last week, and today we’re considering a difficult chart for mega lender Bank of America.
The first pattern on the chart is the $43.50 level. It was a peak last June, then a low in December and January. With BAC stalling there recently, is the price zone becoming resistance again?
Next, consider how the stock behaved around $50. It probed that level in January and February without breaking out. That left a potential bearish double-top reversal pattern on the chart. It also represented a failed breakout versus early-November.
In that respect BAC resembles Amazon.com early this year . It also had a double top and was stalling around its 200-day simple moving average (SMA). AMZN also struggled with a difficult macro environment as sellers targeted high-multiple stocks. This time, they’re concerned about he flattening yield curve and what it could mean for banks.
Finally, stochastics are back in an overbought condition.
BAC reports earnings on April 14.
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Bank of America USASun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
