Both Options A and B can happen. Based on the importance of the resistance level that has been tested already two times, most likely the price can keep going up. This is the reasons why I gave more chance to the Option B
It looks like $BAC (and the banks) are set for a lower session, and we could see $BAC move towards $21.....lets see what happens!! .....Current BAC Aug 20 - 20 PUT are trading at 1.25 and are up 12%......#FranklinCap.....If you would like to see more of this from Franklin Capital hit the LIKE button and Follow Us!...Thanks! (PS for those that looked at the Air...
Targets above - Channel formed similar to many stocks in the market. Banks have had good volume past few days. Let’s see how long until we get to the top of the channel...
4H Chart Explanation: - Price broke the Support Zone (now Resistance). - Price was on a Bearish Corrective Structure. - It broke it and, now, it has potential to move down towards the Support Zone. Weekly Vision: Daily Vision: Updates coming soon!
Wells is now off more than 50% since the start of the Coronavirus pandemic. However, Wells suffers from much more than a pandemic: Over the last two years, scandals around nefarious sales practices, some unfortunate executive departures, and an inability to grow top line has hit them hard, and the crisis has hit them especially hard in revenue terms. We're now...
Hold. Wait the right signal to go long. Based on technical analysis there are not a lot of buy/selling signal so the best option is to Hold. Fundamental Analysis (I did not find a lot of "good" news) Might it be impacted by the 3 Trillion Bill??
So one price gap has been filled. One more to go. Let’s see how this goes. The stock market is still not in the clear. I did long at the dip a few weeks back. If it goes lower I will purchase more. Airlines are important for the USA. They will not let China or other nations take over the aviation industry. The government has to bailout or create some new...
4H Chart Explanation: - Price broke an important Support Zone. - It is currently on a Bearish Corrective Structure. - If price breaks it, potential to move down towards the Support Zone. Weekly Vision: Daily Vision:
Maybe the low is in since 23.03.2020 but I think an other low should come. The $19.59 must fall for a new low. Greetings from Hannover Stefan Bode
It fell below 50SMA on last Friday creating bearish move but 20SMA holds the action. RSI is almost 50 which is good signal. It will be more healthy if it keeps above $25.32. Until there, recommend to wait.
I expect chart patterns in the current market to be statistically less reliable than in a calm market. For that reason, any trading decisions made solely based on support-resistance, harmonics, Elliot waves, and other technical strategies are relatively useless for traders who operate on holding periods between 1 day and 1 week. The mood changes with each day's...
My custom-coded indicators are pointing to a small bull run in financials over the next few weeks. I'm waiting for the green bar to turn grey, but my indicators are saying it's gonna happen
In stocks there’s about 95% probability that price gaps will be closed. The probability for price closing the gap is more real as you move up in time frames from hourly>daily > weekly. This is a daily chart so it’s high probability. This has never failed me. This is just price analysis, hopefully we can see and buy lower prices. Cheers. Btw look at previous...
Looks like we're forming a rising wedge on this chart, with a possible 5th wave in the process. There's 3 options I see to short depending on risk tolerance. 1. if 5th wave if truncated, Short on rejection 2. IF 5th waves at major resistance Short. 3. Short on completion of Wedge + break of wedge support. BAC hasn't enjoyed the same V shaped rallies other...
Elliott Wave view in Bank of America (BAC) suggests the decline from January 15, 2020 high is unfolding as a 5 waves impulse. Down from January 15 high, wave (1) ended at 32.47 and bounce in wave (2) ended at 35.45. Stock has resumed lower in wave (3) which ended at 17.95. Bounce in wave (4) is proposed complete at 25.35 as a zigzag. Short term 45 minutes chart...
Rising Wedge breakdown w Fibonacci spiral showing potential areas for downward trend movement Weekly chart Large time frame it is difficult to execute trades and lower time frames must be analysed in order for an accurate short.