The breakout of the support can be seen as a buying signal.
Both Options A and B can happen. Based on the importance of the resistance level that has been tested already two times, most likely the price can keep going up. This is the reasons why I gave more chance to the Option B
Hold. Wait the right signal to go long. Based on technical analysis there are not a lot of buy/selling signal so the best option is to Hold. Fundamental Analysis (I did not find a lot of "good" news) Might it be impacted by the 3 Trillion Bill??
Maybe the low is in since 23.03.2020 but I think an other low should come. The $19.59 must fall for a new low. Greetings from Hannover Stefan Bode
It fell below 50SMA on last Friday creating bearish move but 20SMA holds the action. RSI is almost 50 which is good signal. It will be more healthy if it keeps above $25.32. Until there, recommend to wait.
Looks like we're forming a rising wedge on this chart, with a possible 5th wave in the process. There's 3 options I see to short depending on risk tolerance. 1. if 5th wave if truncated, Short on rejection 2. IF 5th waves at major resistance Short. 3. Short on completion of Wedge + break of wedge support. BAC hasn't enjoyed the same V shaped rallies other...
Elliott Wave view in Bank of America (BAC) suggests the decline from January 15, 2020 high is unfolding as a 5 waves impulse. Down from January 15 high, wave (1) ended at 32.47 and bounce in wave (2) ended at 35.45. Stock has resumed lower in wave (3) which ended at 17.95. Bounce in wave (4) is proposed complete at 25.35 as a zigzag. Short term 45 minutes chart...
Rising Wedge breakdown w Fibonacci spiral showing potential areas for downward trend movement Weekly chart Large time frame it is difficult to execute trades and lower time frames must be analysed in order for an accurate short.
"Reports suggest boomer caught Corona Virus eating bat soup with Justin Sun"
Sort of divergence ahead... News are not good: markets.businessinsider.com What are your thoughts here? Thanks!
Bank of America with its decent yield of about nearly 4% and a decent balance sheet maybe a good bye during this down turn. The trend drawn above show that approx $18.10 might be a key point for the stock. I would wait for it to reach there and show us a bounce to confirm my idea before opening a long position. As always I am a long term investor looking to buy...
How many trillions will they print to save it? they print the money but it doesn't go towards paying workers or saving stock price, companies getting billions from govt yet paid none in taxes, unemployment at 32%, where is the stimulus going?
Monthly Chart Weekly Chart 1. Wedge We can see in the 1-hour chart of Bank of America that is forming a wedge. We can see the wedge with the purple lines in the price chart. 2. Regular Divergence In addition we can also see a regular divergence from 6th March to 23 March while the price was falling the indicator in the Rsi was rising. 3. Trend Line We...
BAC has formed a long legged H&S if that's a thing? along the uptrend that has formed. Following the monthly momentum of the MA we can see that it is moving upwards, and from past bounces we can see that the purple MA is the optimal buy point for BAC. Lets get that money!
Dates in the future with the greatest probability for a price high or price low
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...
Bank of America (Ticker: BAC) decline from December 27, 2019 high is unfolding as a 5 waves impulsive Elliott Wave structure. Down from December 27 high, wave ((1)) ended at $32.47 and wave ((2)) ended at $35.45. The stock has resumed lower in wave ((3)) and internal of wave ((3)) subdivides in an impulse in lesser degree. Down from $35.45, wave (1) ended at...