BAC long term profit ? A popular stock + Above the average line 150 + Breaking a downtrend line + Year-end rally in the banking sector? Only an idea and not a recommendation for trading!
I think BAC Bank of America is one of the few beneficiaries of the small banks bank run that we are witnessing today. Big banks are the safest places where you can place your money right now. Looking at the BAC Bank of America options chain, i would buy the $30 strike price Calls with 2024-1-19 expiration date for about $2.85 premium. Looking forward to read...
📈 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 =...
Bank of America is again near it's all time highs, close to testing again for a breakout. Earnings this week should confirm movement on the strong uptrend that we have seen since March lows. There is a slight divergence on the RSI indicator. The daily timeframe shows a toppish move on the stoch RSI, as well as MACD turning slightly red on the daily. Should BAC...
Market is clearly going to rise but you might just need ti wait till the currrent candle to be finished in the 30 min frame.
While the bond yields are going up (cost of borrowing), the sector that would greatly benefit from news like this is no one else but our good old banking sector. It would be a good risk-management in these fluctuating days to have some bank stocks in your portfolio. Here are some possible support points for BAC. We would recommend buying more each time it gets...
Against a backdrop of the broader stock indices that don't seem to want to spend ANY time, at ANY level (w/ the possible exception of the Russell 2000), today we forayed BACk into Bank of America using a dynamic support level that printed at 25.5. When breakouts or fades get tricky, we like to fall BACk (okay, stop me) to names that are staying inside a well...
Bank Of America (BAC), monthly chart: 20 years long(!) mirror level + Support line + Divergence + Hammer
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.
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