chat bubbles say it all. Currently on lower TF it's looking like trying to find sell setups is a good idea.
$BAC if loses 1-month support can see a big drop. Look at the end of the day for a clean break and buy weekly puts. *for entertainment purposes only, not investment advise*
NYSE:BAC The idea is to hold for now and wait that the resistance level of 25.5 USD will be broken before going long, otherwise just hold.
There are few strong signs that suggests BAC goes down to test its previous supports. However, the result of the presidential election could affect the severity of this correction.
Contextual immersion trading strategy idea. Virgin Galactic Holdings, Inc., an integrated aerospace company, develops human spaceflight for private individuals and researchers in the United States. The share price rose after analysts at Bank of America (BAC) had initiated coverage on Virgin Galactic (SPCE) Monday with a buy rating and a 35 price target. The...
BAC looking to repeat this pattern, looking to retest 55 within these next couple years. Bounce off my support zone at 18.04 making its way up to retest 35.40 break that we could see an overall move up to $44. Perfect stock to add to your long term portfolio. Warren Buffet's second largest holding in his portfolio is BAC so why not invest and follow the most...
My trade plan is continuous keeping all of Long positions in the Banking Sector. JPM and BAC can return to Uptrend after hit the Bottom Support Trend Line. Disclaimer!
- ON THE TRENDLINE SUPPORT - AT THE APEX; EXPECTING A BREAKOUT INTO NEXT WEEK - RISK OF 2%~ IF DAILY CANDLE CLOSES STRONG BELOW TRENDLINE - UPSIDE POTENTIAL OF 28+%
BAC is on a strong ladder pattern upward, bull run can be confirmed looking at RSI. Possible Next stop 28 and depending on market reaction, a retest of upper resistance.
BAC is forming Cup and Handle on D1 chart. Now is $26.50. with this pattern BAC's target are: $27.50 and $29.00. While the market in the correction process. The cash flow from other Sectors that are Overbought is certainly looking for a new destination. Banking is a good Sectors that is regaining balance when it exits the Oversold zone and keep going up slowly. I...
The 1/3rd gann line is acting as a strong support aswell as the 0.382 fib level that created a triple bot. The price will pull back to 0.382 level to the short term fib level which lines up perfectly with the 1/3rd gann support line and from there it will continue its way up to $27.07 price target which is the trend line and which is also 1.272 fib level before...
Based only on technical analysis, the idea is to go long as the resistance level of 26.5 USD has been broken many times. To be on the safe side, as there are not a lot of signal the best option could be still to HOLD.
NYSE:BAC is undergoing a 3 rising valleys pattern which is very bullish when you combine it with divergence on both oscillators. The tech sector seems to be bleeding and investors might shift their cash into financials such as BAC. Targets are also provided if one was to take part in it. Very good R/R ratio so stop loss could be set a litter looser. This is...
M15 and H1 timeframes give clear bullish signals on Heikin Ashi candles. M15 is trending up to tear the EMA ribbon silk. MACD on H1 is showing a cross below zero line. At the same time, CCI and RSI are showing bullish signal too. Disclaimer!
Never been a big fan of Bank Stocks, but with much of the market recovering, banks still have room to head back to their 1q price levels. We also have the election on the horizon which leads to uncertainty and big money/smart money loves certainty. With the Fed printing and borrowing rates at historic levels, a dividend paying bank stock like $BOA fits that...
Disclaimer!