yewac

BAC Mid-Long Term Entry Play (Positions & Options)

Long
NYSE:BAC   Bank of America
Technical Related:
- Double Top on BAC (already hit)
- Hit resistance level (around $38.25)
- MACD dipped extremely under half-line (more room for volatility)
- No further bearish technical indications

News Related:
- War between Ukraine & Russia heating up (bearish)
- Bank of America's financials are good + getting better (bullish)
- Buy rating given from analysts
- 1-yr price target: $51.57
- EPS Estimate: 3.26

The Play:
- Long-term position entries
- Long-term option entries?
- Mid-term option entries



*Please critique me on anything as I am new to charting :)
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