alexp
Short

BAC - double top, top of trading range

BATS:BAC   BANK AMER CORP
387 12 1
BAC             has formed double top at a major resistance level of 10.00. Should try and get back to its 9.00-9.60 trading range after false breakout. This is a high probability 1:1 risk/reward trade to EMA 20 which should work out by the end of the week.
alexp
4 years ago
target reached
Reply
token99
4 years ago
Hello! How do you think where BAC going? Down or up? Which numbers? Answer is appreciated. Regards.
Reply
alexp token99
4 years ago
hi, I believe it will continue staying in 9-10 range for a while - will be testing 10 again in the near future
Reply
token99 alexp
4 years ago
Thank you for answer. This fiscal-cliff and Europe issues will not cause any problem? BAC may go to 8,50 first? Then to 10. How you think?
Reply
token99 token99
4 years ago
And another thing is that is there a relationship between S&P and DOW to BAC price? Because last 2 weeks these
to indexes fall vey much . While BAc stayed in 9-9,50 corridor. Isn't that BAc should fall paralely?
Reply
alexp token99
4 years ago
As Vinnie Pooh used to say - "You never know with the bees". I believe that downside correction is almost over and now they will do everything to put a proper xmas rally in a place...
Reply
token99 alexp
4 years ago
Thanks for answer. So if rally when do you think it is good time to buy BAC? next week or start of december or mid-december? pls. comment very appreciated. regards.
Reply
alexp token99
4 years ago
See my weekly idea on BAC. If you're okay to wait for a few weeks - then try to buy it around trend line on the weeklies which will be somewhere within 8-8.50 area... It might overshoot trendline a bit though - but if you're buying for long term investment - you shouldn't worry much about that
Reply
token99 alexp
4 years ago
Thanks for answer. Your charts are very good. I liked them Thank you . You are great. My personal purpose is to buy BAC only and only between the concrete range 8,60-8,00 . This is a must . So I need exact date. regards.
Reply
alexp token99
4 years ago
the let's wait till it gets to that area and then we will take a look and check what is the price action looking right around that time and whether it will be worth buying it around that time. E.g. if a strong bear trend starts for BAC - it will be viable to wait for it to reverse before buying it. Ping me in a few weeks time and I will let you know my thoughts.
Reply
alexp token99
4 years ago
I will do my best to let you know when it's exact time to buy BAC for a rally when it gets below 8.50
Reply
Comment removed
token99 token99
4 years ago
So we will check at the end of next week. Yes?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out