I'm looking for at least $30 in my case I need at least $30.10 for a call I made. My call closes Sept and it didn't take long to near my goal. The fear of yield curve inversion is legitimate but nothing is as quick and basing previous experiences on one indicator (which could be skewed based on current events: China, Brexit, the Fed etc..)
Most of the times from...
We have a potential safe and profitable swing trade with $BAC. Price has now pull back up over the 9 day and 26 avg lines and now looking for further upside. The monthly Ichimoku cloud also indicates further upside for the weeks or months to come.
An analysis, not an investment advice.
Trade SAFE, trade PATIENTLY & say NO to GREED.
Goldman Sachs is the most prominent Financial Services company at this time. GS also has a retracement correction pattern that has halted at a gap up support level, similar to BAC. The stock has had declining volume patterns for all of this year until recently during the sell mode. Hybrid indicators show rotation patterns.
Earnings Season is approaching soon again. The Big Banks are usually the first industry to kick off the earnings season and often provide an indication of how the earnings season will play out. Checking the largest banks' trendline patterns shows more selling than buying. BAC had 4 big down days recently and is now hovering at a gap support level. The bank may...
Pay close attention to XLF today (FOMC) - Although it is currently testing support there's an option for a false break signal here.
If XLF won't close in green today after Powell's message, this can be a trigger for another short term wave (and potentially even a strong one) in U.S stock markets.
A new head and shoulders pattern seems to be in formation as we have started creating our right shoulder.
The bullish leg we recently had, has come to an end as price reaches resistance (which is proving to hold strong).
From here Im looking at a take profit region around the neckline of our formation and if it is broken successfully then the extended tp has also...
Looking at BAC Morgans chart.
The SQZ indicator continues to turn hard green. Indicating further down side.
The stock has been ascending on descending volume. Bearish sentiment.
The MacD is about to have a bearish crossover.
The chart follows the bearish sentiment that is seen across the market.
BAC is approaching our first support at 17.97 (horizontal pullback support, 50% fibonacci retracement, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 25.46 (horizontal overlap resistance 50% fibonacci retracement, 61.8% fibonacci extension.
Stochastic (89,5,3) is also approaching support...
The chart for Bank Of America (BAC) is looking bad long term, there are many signals pointing to a very strong drop.
The last time this company had a crash, it shredded over 95% of its value... The same might happen again.
Let's take a look at some of the signals:
Let's start by looking at Divergence, you can spot this marked with a light blue line on both...
BAC could pullback to its resistance at 26.24 (61.8% Fibonacci extension, 38.2% & 23.6%, horizontal pullback resistance) where it could reverse down to its support at 23.04 (100% Fibonacci extension, horizontal swing low support).
Ichimoku cloud is also showing signs of bearish pressure that contributes to our bearish bias.