BANK AMER CORP

The financial sector is still up about 4.5% for the month, despite last weeks down swing. All the major names reported earnings last week and although most of the major names didn't break out they did succeed in capping the selloff. BAC finished the week in indecision, a very good signal for a reversal. The past four trading sessions have closed with a Doji ...

Price is consolidating at two very key support levels. The top of the channel that it just broke out of and the support of it's new bullish trend line. A lot of support inter market, the DXY is bouncing on major support, the BANK index is breaking out to test resistance again, and the XLF is also breaking out to form a bullish continuation. Looking for a close ...

this is a very safe long, free money almost

BAC is showing short term weakness, will go test the support. Expecting a bounce from 15.15 level to the top of the range.Target is 18.3

BAC - Short under 23.60

chart is ready for breakout and there is good bullish candle below the tl ....enter to buy after breakout

Hello Traders, I have decided to expand my technical analysis to stocks and take a much longer outlook in the stock market. These charts would be great for a long term investor. As of 01-17-217 I expect this stock to visit the 10.99 level defined to complete the Geo' it has created in within the skinny blue lines. I have also defined an engulfing (and potential) ...

Keep an eye on RSI & MACD lines

Nice double fibionacci retracement and extension at 22.33 - 22.60 Market is bullish on banks since they all passed the stress tests recently performed by the FED (all but capital one, do not buy capital one, stay away from capital one, do not touch it.... its hell itself) Trade with confidence Cheers

BAC

This an example of Bullish Wedge in BAC using candles of 4 hours.

The unexpected house data makes me worry about the weaker inflation in US market. Fed 's rate hike may blocks increasing consumption. Let's see BAC stock, 23.75 will be resistance; price will down to 22.07 which is support point. However, i do not suggest short any stock right now because of the bullish market. Watching the present position, or long at 22.07, if ...

it could be wave B of 4 or new impulse wave.

BAC broke out of the triangle it has been stuck in for a while. as tech stocks dumped, it could be a good time to jump into financials. especially with that breakout.

this is what I can see

BAC, forming a large head and shoulders pattern on the daily chart, but you if you look carefully, there is a small head and shoulders pattern in its right shoulder, lol. This is a important support area.

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If BAC continues to pullback in a C wave as I expect. The class B warrants could set up one of the best swing trades of the year. The nice thing about the BAC/WB's is that they are very liquid. I expect the market to continue to new highs later this year. Again, this could be a really good swing trade.