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Bank of America

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BAC trade ideas

BAC: Confirmed long term trend...I published this one only now, I've been long for a good while, and banked profits recently. I bought $BAC today, near the closing price. I think this stock is primed for a huge rally, that will end in a new all time high by 2021. Definitely one of the strongest long reccomendations I can make to benefit from the long term trend that is active in the S&P500 right now. Management is very competent, and earnings reports have been very positive for the company since banking regulations started being eased recently. This is a big positive for financials, and with $BAC's capable CEO continuing to reach their goals on time, reducing costs and operating at huge efficiency ($BAC has one of the highest efficiency ratios among its peers), and most people pessimistic about the outlook of the economy and the stock market, the path of least resistance is up.
NYSE:BACLong
by IvanLabrie
Bank of America: Example How to Trade Against The TrendIt is a very good example, which explains how to trade against the main trend. The price reached the upper line of the price channel. We got a trend reversal signal based on a bearish divergence. RSI is bearish, MACD supports a possible downward movement. If the price breaks the local uptrend line, it will confirm the downward movement. The market will be able to correct the previous strong upward movement and reach the zone between SMA100 and the weekly uptrend line. This zone will be good for buying based on confirmed reversal signals.
NYSE:BAC
by DLavrov
13
BAC: Good daily signal...long term trend is up$BAC offers a good entry to join the long term trend here. The daily timeframe flashed a signal today, if it holds over today's low give or take it will likely accelerate up from here, moving higher for 6 days, before consolidating once more for a week or two. Fundamentals are in place for a massive trend up in financials, with regulations loosening recently, since the financial crisis of 2008. $JPM and $BAC are two favorites here, going into 2021. Earnings reports are also extremely positive for the company, with management doing well on their promises, and digital banking reducing costs substantially for $BAC. Very low risk position for the long term. Cheers, Ivan Labrie.
NYSE:BACLong
by IvanLabrie
BAC - WEEK CHART Hi, today we are going to talk about Bank of America and its current landscape. As nowadays we live in a consumerist society and access to a credit card has continually become easier to obtain, is reasonable to predict that the card debts are also going to rise too, as financial education isn't the strong point of U.S consumers, and are used to the debt culture. The heat up U.S economy put credit card companies in a more comfortable zone as the unemployment rate remains near to historic lows, which helps customers to keep up with their bills. However, the question that worth to be raised here is, if the 90 days past due card debt is probably surging to 2.01%, the highest level since 2010 amid a heated economy, what is going to happen with this type of debt, once the U.S economy make its first downward movement of correction and make harder for customers pay their credit card bills. Even with the credit card issuers tighten their credit standards, we can't be sure it's going to be enough to avoid a crisis on the sector, which could lead to a flood of bad debt, decline of new credit card issuance and other types of liabilities. This scenario could mean concerning news for Bank of America if the company doesn't progressively start to deploy the proper countermeasures for this scenario. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
NYSE:BAC
by Igor-Silva
1