Get started
neeraj_2_sharma

Great opportunity for long term investors in BANK of AMERICA

Long
Bank of America (BATS:BAC)  
neeraj_2_sharma Updated   
BATS:BAC   Bank of America
Trend Analysis Chart Patterns Wave Analysis elliotwaveanalysis elliottwaveprojection stockstobuy
2
0
trendanalysis chartpattern waveanalysis elliotwaveanalysis elliottwaveprojection stockstobuy
The second largest American bank has been spotted at a 61.8% retracement of its impulse wave up in march 2020. Moreover the stock has completed an entire zig zag(according to Elliot wave theory or simply ABC correction) from 2021 till date.

The wave 3 target for the stock in the 3-5 year term turns out to be around $68.





Comment:
The impulse seems to have begun on a smaller time frame
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.