Bank of America (BAC) shows a lower low bearish sequence from 1.10.2022 high favoring further downside in the stock. Near term, cycle from 2.8.2023 high is in progress as a 5 waves Elliott Wave impulse. Down from 2.8.2023 high, wave 1 ended at 33 and rally in wave 2 ended at 34.56 as the 1 hour chart below shows. The stock resumes lower in wave 3 with internal...
Number two is Bank of America, this one looks even worst than JP Morgan Chase. No introduction needed as I already did it with JPM but if you missed the other article let me just say that we are likely entering a "Bank Holiday" period. Bank Holiday refers to the process of the bankers celebrating as the wealth of 20-40% of the worlds population vanishes. Ok,...
The situation at Silicon Valley Bank (SVB) is not particularly complicated. In short, they borrowed short and invested long, mismanaged their liquidity, and caused their own demise. The specific steps were as follows: low-interest deposit-taking, overzealous investment in Mortgage-Backed Securities (MBS), short-term liquidity gaps, forced selling of assets, and...
XLF is now trailing behind the KRE . This topping formation has now triggered on the daily chart and is showing us there is a tremendous amount of risk in the banking sector. Will we see a small bank blow up which causes contagion?
Bank of America is one of the largest banks in the United States, with more than 4,000 branches and 16,000 ATMs located across the country. In 2008-2009, the bank was among the many banks that required a government bailout during the financial crisis. Despite these controversies, Bank of America remains a major force in the banking industry and continues to be a...
Looking at the BAC Bank of America options chain ahead of earnings , I would buy the $35 strike price at the money Calls with 2023-2-17 expiration date for about $1.23 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
Another big bank that reported its earnings on the past Friday is Bank of America. The bank generated $27.5 billion in net profit and $95 billion in revenue for the full-year 2022. Its net income decreased by 14%, and revenue rose by 6.6%. The net interest income jumped by 22%, and the noninterest income dropped by 8%. The Consumer Banking segment added over 1...
BAC inside a uptrend which is also located inside a upside trend the red trend channel is the base the green is the smaller trend line might give a small pullback before catch the upper line of the green channel .
$SPY $SPX $ES1! Analysis, Key levels, and Targets I honestly love TA so much. It’s so fascinating to me. Those who trade without TA, like say, just using the option chain, are really missing out on a cool thing…. Not a huge change since yesterdays update, but we did get into the gap but failed to fill it and were rejected at the Daily 200MA… Tomorrow we...
📈 What’s up investors! 📉 Welcome back to another one of 💡“Mike’s Ideas”.💡 I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy”. Follow for more ideas in the future!! I have 4 levels marked and colour coded on the Chart. These levels are: ⚪ White = Entry Point 🔴 Red =...
Please make sure that you dont go against the market. Entry ,stop loss and target has been clearly mentioned inside the chart.
Lets start with the establish trend, we have a lower high showing opportunity to continue to open up 2023. If you look closely you will see that we have a bullish hidden divergence. But does it have enough strength to blast through the Bullish line. If it does I can see it starting to fill those imbalance candles and attempt to make a higher high above 38.60. If...
falling cycle -29.9% more than 10 days. ================================================================================================================================================================== This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240...
Bank of America (BAC) got heavily rejected in early November on its 1W MA50 (blue trend-line) and hasn't recovered since, staying for the whole December below even the 1W MA200 (orange trend-line). This is not the first time we see such price action from Bank of America. As you see on this chart, ever since the November 2011 Low, the stock has been trading within...
Bank of America Corporation (BAC) grew through Covid as must banks did. After an impulse comes a correction. - The bullish wave is shown here as an EW 12345 Impulse. - Long-term EW ABC correction now taking place. POTENTIAL TARGET/SUPPORT ZONE The low can be set at 23-35. At or below the 0.786 Fib. retracement level for the previous bullish wave. CONDITIONS...
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs,...
Similar Up movement within larger channel. Bullish while price is within this upward channel. Longing the stock is an option on this Weekly timeframe if you are bullish on bank stocks.