LazyBear
Long

BAC - buying opportunity soon

NYSE:BAC   BANK AMER CORP
1415 32 13
BAC             is showing short term weakness, will go test the support.

Expecting a bounce from 15.15 level to the top of the range.Target is 18.3
I like this idea
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BAC hit the target and gapped up this morning.
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BAC has had a long history of going up several days after earnings. Right now we are building up a base support near a support level going into earnings.
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-- April 5th 2015 --

MTF showing a sqz and the MAs compressing. This is gonna be good.
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Interesting.. forgot to scan for a sqz play in BAC
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LazyBear PRO QuantitativeExhaustion
CogSqz released on 3 timeframes, we should see the effect soon :)
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Debating to go with April 17th expiration at $16 or April 24 at $16.50
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Ideally $16.50 April 24 for .02 to .03 or $16.00 April 17 for .05 to .06

Depends how the overall market will react tomorrow.
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tradearcher PRO QuantitativeExhaustion
The scan feature is not available yet, is it? Can not wait for it to be ready.
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Scan as in Filtering or Screening for stocks based on Pine Script Function?
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tradearcher PRO QuantitativeExhaustion
I thought they were implementing a scanning feature in which you can use your indicators to filter your watchlist.
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Where did you hear that rumor? That would be a nice feature to have. You should suggest that idea on Suggestion & Feedback.
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tradearcher PRO QuantitativeExhaustion
Thought I read it somewhere a month or two ago on some post. Wish I remembered where actually. But yes, that would be a handy feature.
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First target is 16.80/85 area
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tradearcher PRO QuantitativeExhaustion
Here is my two cents of one of my chart templates of BAC. OBV is showing some bullish movement with more potential upside, first to 16.00 and then to roughly 16.62.
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Love the commentary here
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Neckline Ascending Inverted Head and Double Shoulder.
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QuantitativeExhaustion PRO QuantitativeExhaustion
if we can stall below or near 15.50 through Monday., I might pick up 16.50 call options May 1st expiration.

JPM is the first major bank to announce earnings Tuesday pre-market.
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LazyBear PRO QuantitativeExhaustion
Yes, this still looks good.

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I decided to wait after earnings.
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-- Update April 24 ---

15.15 has held so far...looks like there is one more retest of that level..not sure it will hold this time. Gonna get interesting.

BTW, TD (second pane from bottom) shows short term / medium term trends are embedded down, with long term coming down too.

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tested 15.50 on last time, now breaking 16.00
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Nice pop today
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LazyBear PRO QuantitativeExhaustion
Yes, 16.11-19 touch is a possibility.
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nice .. I'm holding on to 2500 16.00 contracts!
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somewhat related as in sector rotation.. What are your thoughts on LVS?
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LazyBear PRO QuantitativeExhaustion
It wants to test 48-46 area, imo. There may be a small bounce before that (dotted arrows), as it is near support.
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Hopefully first arrow down to 48. I could see Mayweather fight helping bring back some interest in Vegas this summer.
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QuantitativeExhaustion PRO QuantitativeExhaustion
Especially if he losses and rematch in Sept.
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Would it possible to combine RSI Volume and MTF RSI ?
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I see this worked out really well :)
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