Like all patterns wait for confirmation. Falling wedge on the weekly! Inverted hammer candle on last trading day, slightly bullish sign, earning is coming up. Take Care!!
So I took a position on the most recent break of the 200MA, thinking we would get a bounce. So much for that idea (still in position). However I found another reason to take a shot at entering a 2nd position in $BAC. As you can see we have support dating all the way back to end of October 2017. Take a look!!!! #GLTA
Every time I turn on CNBC, FBN, or the like, I hear a pundit or analyst pounding the table to "buy the banks." The go on to ramble a spiel about low valuation rations (P/B, P/E, P/FCF, etc), rising rate environments, yield curve inversions, and other reasons that they should outperform the markets going forward. But who's biting? A quick glance at the SPDR...
BAC is offering up a nice R:R to the upside. I have an alarm set above this recent consolidation. If we can break above that on the 130m chart and stay above, I'll try to use the R:R setup that I have in the screen shot. Pick your targets (aligned on the right-hand side) based on what you like to look for in trade returns.
BAC weekly chart Retreat can be expected up to 25.80 support ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** I'm sorry for the impaired expression..Just watch the chart, not what I write. :) PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me .
As we can see, BAC has broken out of the corrective downtrend, with three consecutive green candles. Not quite three white soldiers, since they are more spinning tops, but they are a bullish sign nonetheless. We broke through the $30.00 price point a few times today, but tomorrow we will need to get above it with some conviction in order to let it become support...
First off, I'm not the best @ TA, so I would appreciate it if a mistake is seen - please tell. Multiple bearish signals on Ichimoku cloud, RSI, MACD. Very similar pattern is evident on GS & MS. Default rates on student loans, retail, & personal are climbing. Combined with a mediocre jobs report, this spells out trouble for banks. However, to me, the most...
Artificial Intelligence/Deep Learning Enabled 5 Day Ahead Predicted values for Bank of America Corp ( BAC ) have been plotted on the chart. The method used in this prediction is Deep Learning based, and using complex mathematical models/methodologies to extract hidden time series features in vast amounts of BAC related data. The expected 5 Day Change is 1.177...
Bank Of America shares Buy Idea @Weekly Demand Zone (26.26 - 25.10) Buy Limit: 26.88 Stop Loss: 24.93 Take Profit: 29.26
strong elongation in the wave 3, called the truncation in wave 5, which led to the triangle with the outlet down. The release happened on impulse. An upward channel has been broken through. It is too early to talk about a change in trend, but ABC correction will be. Support levels, although they are quite rough. Need to look for the situation
Hi guys. How do you start a small trading account? Well, you can start a large one and trade for a few months. This high volume stock could be close to the top in my humble opinion and is worth watching for a pullback. Please trade safely. Thank you.
If BAC breaks the previous resistance mark around 32.80, we should see it continue the upward trend for a quite a bit longer. If not, we will see it drop to its lowest support point and begin consolidating, followed by another up trend.
XLF needs to get over $29.50 to invalidate the bearish head and shoulders pattern present. Focusing on the right shoulder Red Box . Head and shoulders pattern is not confirmed nor completed yet. Disclosure i'm short $bac Bank of America
You do not need to be a sophisticated Ph.D. in Economics for understand that Raising interest rates is a god deal for commercial Banks but this do not mean than all the commercial Banks and financial Institutions are in a Bull Trend specially because this sector was punishment during the last financial crisis of 2008 and until recently has begun to show strength...
After elections on Wednesday, there is a slight downtrend in almost all stock instruments in bank sector (see www.marketwatch.com). On Wednesday the CCI indicator showed a signal on short position with the support of increasing money flow index. Is the downtrend going to continue? Let's see what a previous resistance band will tell us...
U.S. financial stocks have been in pullback mode this week despite the SPX moving higher. Considering that financial stocks had been a big boost to market gains over the last several months, this could be concerning. The XLF is down about 3% - and regional banks KRE down 6% - since the recent top. Let's put this move into context, shall we? As MacroView as...