Algokid
Long

LONG - Bank of America- Long Term Trade

BATS:BAC   BANK AMER CORP
363 13 1
Sounds crazy, but I believe BAC             has already bottomed and ready to go up again. Historically, the buy volume at this price level is pretty high. The price is currently above it's 10 month EMA . I have no stop , or specific target for the trade, but will review once resistance is hit around $9.41. Will manage trade on a monthly basis.
Closing this trade. BAC is now at its 200 ma. :)
Reply
trade is still open , placing a stop at $8.98
Reply
Trade is still open. added 5.07 % in October
Reply
Hello! Tell me please your opinion What will be the stock price of BAC at the end of 4 th quarter? Will it touch 10 $ or will be more? Best Regards.
Reply
Hi Token

Can't really say if BAC will reach $10 before the end of Q4. it already reach $9.79 this month. This is what i see with BAC currently: The trend strength is pretty good and has been up 2 out of three month last quarter.

$10 represent strong resistance for BAC and a level where traders will debate if it's worth more or to take some profit. If you decide to enter now, enter a tight stop loss at $8.79. But currently, the trade is still open for next month. Cheers
Reply
token99 Algokid
Thank you very much. I liked your ideas. I actually bought BAc 8.35 and waiting to increase. I can wait whole 4 th quarter. I in heart want BAC will hit 10 $ resistance level. And trade above it. It may be bullish but the circumstances are not so bad. QE3 force in work. We will see in the following days. Best Regards.
Reply
up 10.00% this month , trade remains open
Reply
up 6.84 % since opening the trade. trade remains open
Reply
While I can't bring myself to buy BAC yet, I think long-term it'll be a decent play. This is a classic bad-to-less-bad play that I think will pay off. The big banks won't be allowed to fail, and small banks will never become big banks due to regulatory pressures. Cheers.
Reply
I think that I could be comfortable shorting GE against a long in BAC. See what you think.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out