BAC is about to retrace to 18.2. Sell on Breakout. Good Luck!
So we finally broke out to multi-year highs. Now what? In the short-term, some critical points on the chart suggest to take some profit: - If we take an equal-measured move from the yearly lows at 10.99 to the August highs and copy that move from September lows we can see that we end up right where we are now (20.08, see orange lines). - If we measure a fib...
Shares of Bank of America Corp (NYSE:BAC) are less than 5% away from their 7 year highs and I am going to short. The reasoning is simple. As Bank of America currently trades at $19.02, the high from April 2012 is $20.00. It is likely that as early as today the stock will tag that double top pivot. Being the highest level since the financial crisis, investors will...
Shorting because of $20 and price has been gapping up. Needs som room to breathe!
The short term chart shows very bullish signals in BAC, we can enter longs here, on dips to 15.45, and/or add on a break of 15.85. Stops for all positions should be at 14.81. There is a giant resistance zone above, so if crossed, we can let this trade run for a good while. Most traders are not in stocks from this sector, and it's not a good idea right now. Good...
Last Wave III is shorter than last wave I --> thus, wave 5 won't be same length as wave 1. But not only does it look like we have a buying opportunity before wave 5, higher lows have been suggesting potential future growth. Best, Matt
I'm targeting the $15 dollar level for a low risk entry point. Healthy pullback to retest breakout!
We can enter shorts in BAC at market, to diversify and avoid being 100% net long, and also, to fade this over loved and over owned stock's rally, as it moves back down to the triple key earnings support zone below. I'd like to hold some shorts, since I expect the markets to chop sideways for the most part, and also to minimize my long exposure. This trade is...
A lot of option activity in Bac the last couple of weeks. Looks like a very good opportunity for a break here based on the interest Hike "hope".
GNW has had consistently bad earnings since 2014 until about Q1 of this year where the distressed financial company posted profits and shedding of toxic assets. MACD bullish divergence, Ichimoku crossed above kumo on the daily chart, we might see a turn around and long term climb to 6+. Keep in mind this is a fortune 500 company trading for $3.
Signals: double bottom oncoming breakout of current channel local flag formation Buy 15.20 (local flag breakout) Stop loss 14.69 (-1 tic of current fractal/ flag's low) Target 18.00 (top line of monthly channel) 21.50 (strong inclined resistance)
BAC seems near to the completion of this corrective structure pointing to the downward trendline or to the dotted horizontal line. I'm expecting a drop to the lower trendline or to the 11$ low.
Still looking weak coming into this area..with a lower high. Watching this weeks close