Rising wedge has formed on BAC. The same pattern it had formed from 1996-2008. BAC is testing its bottom trend line. This could get ugly fast. Fed cuts rates the most since 2008 to promote more artificial economic growth. It definitely helps the fact people are scared of a virus. This was just the pin that popped the bubble. They will blame it on the virus if...
The compared price charts are speaking for themselves. DAX vs DEUTSCHE BANK vs COMMERZBANK vs JP MORGAN CHASE / BANK OF AMERICA What do you think? Please comment if you want to start or engage in a discussion. Cheers & All the Best
Short term Elliott wave view in Bank of America (ticker: BAC) suggests the rally from January 27, 2020 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from January 27 low, wave ((i)) ended at 33.49 and pullback in wave ((ii)) ended at 32.65. The stock has resumed higher in wave ((iii)) which ended at 35.45. Internal of wave ((iii)) subdivided in 5...
Ascending Wedge pattern, usually proceeds in waves of three, this is a bearish reversal pattern. It can also be seen that a repeating pattern of a drop followed by a lower high can be present in three different situations, including the 2008 stock market drop, will it repeat itself again? Probably.
An updated version of stocks pegged to IOTA which has a fixed supply to eliminate the supply variable when trading. Supply is often changed by the federal reserve policy. Printing money, changing interest rates, etc... This makes it hard to asses the value of the stock market. By fixing supply with IOTA's limited supply pegged against the market. The only...
Entry: 34.66 SL: 34.50 Target 34.98 Trading time frame: 15M Stock in uptrend after steep correction
It is a very good example, which explains how to trade against the main trend. The price reached the upper line of the price channel. We got a trend reversal signal based on a bearish divergence. RSI is bearish, MACD supports a possible downward movement. If the price breaks the local uptrend line, it will confirm the downward movement. The market will be able...
Good evening ladies and gents, Bank of America Shorting opportunity here. Entry would be inside the pink box, (safest possible entry is at the top of the box at the 1.618 "$34.07" golden mean ratio. Stop set for slightly over 3% with a 10+% exit targets. You could take profit at B and also common retrace areas. Once a definitive swing is set, I will post exact...
Hugely positive development last month in BAC. Stock finally broke above the descending trendline it had bumped up against repeatedly in 2018. I think you have to back up the truck on any pullback to the ascending trendline.
Bank of America (ticker: BAC) shows an Elliott Wave bullish sequence from August 15, 2019 low, favoring further upside. The decline to 27.19 ended wave (2) and the stock has resumed higher in wave (3). The internal of wave (3) is unfolding as a 5 waves impulse Elliott Wave structure where wave 1 of (3) is expected to complete soon. Up from 27.19 low, wave ((i))...
Bank Of America has been on a rise after the 2008 US Stock Market crash. No coincidence as many US companies have been rising since then. This is not an excuse to get off track and believe all is good now. If you take a look at the bigger picture, you can see this company has had a decline soo huge, even the attempts to pump the value back to pre-2008 figures has...
Here is a great opportunity to pick up BAC . At Three Percent Trades we have a price target of $40.00 / share, which is a potential upside of 35.7%. We use a combination of fundamentals & technical analysis to trade high probability set-ups, and believe this is a great opportunity to take advantage
BAC has one of the best options change and a go to for contracts for me. Were in a confirmed short term bearish trend. Broke below 34 day ema on friday. This might get back to our demand "zone" below with possible stall or bounce from 13d ema. Another one to watch with SPY.
Bank of America has been on a consistent horizontal trend with a strong support at about $26.00. Extremely oversold right now as it can reach $30.00 by the end of the year for an easy 10% return.
its only a little piece of chart hope this scenario occure in future
Bank of America stock has one of the strongest uptrends in the market since the end of the financial crisis. In comparison with XLF, BAC is up 88% in 5y. Since January stock has been trading in a range from $26.5 to $31.2.askbrokers I will pay close attention at MA200, which stands as a strong support level and the price at $28. If the price break below those...
Bank of America Corp. has been buying new technology in Artificial Intelligence, Machine Learning, Dark Data Mining, and Robotics. Like other banks, it has been stabilizing its stock with heavy Buybacks.
Weekly chart: Inverted Head & Shoulders + Golden Cross on Ichimoku (9,26,52)