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 both ...
BAC has strong falling down and is good to buy now ? Yes, this time is good for invest long term when the price fall down to the accumulation zone of 2017.
And after that we may have Bullish Flag pattern with target 28$.
Good luck all you guys !
BAC could pullback to its resistance at 26.24 (61.8% Fibonacci extension, 38.2% & 23.6%, horizontal pullback resistance) where it could reverse down to its support at 23.04 (100% Fibonacci extension, horizontal swing low support).
Ichimoku cloud is also showing signs of bearish pressure that contributes to our bearish bias.
I think If you want to predict the next movement of the bitcoin,follow the trend line of BAC(Bank of America Corporation). let to compare past three weeks of the trend lines BTC & BAC
they have same lines with different scales of dumping.
small fishes must be care about the wales.
take care guys and save your capital because we do not know Who is the big ...
TRADE TIMELINE 12/01 - 12/14
I wanted to share this missed put play i charted. it was on my radar, i simply was looking elsewhere. Time to find another one.
12/01 POSSIBLE OPTION PLAY
BAC 12/14 26.50 PUT 0.12
IV 32.58% Volume 41 Open Interest 726
The market is giving away put money, and won't stop....
At the time of this publishing, 12/11/2018 2:55PM, this ...
BAC is testing its support at 25.43 (61.8% Fibonacci extension, 76.4% & 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 28.92 (horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 2.3% where a corresponding bounce could occur.
Look at the weekly chart. Obvious short is obvious. We are entering a bear trend now.
What we have now is a bear flag noise heading right into 20s and then 16s.
All bull trends are broken on daily.
Last one will provide some cushion, but with empty price nodes on volume, price decline will be rapid.
Whatever is coming is going to hit banking and dollar ...
The market is dropping. All my previous ideas (SPY, IWM, DIA, .....) have been featuring this drop. However, BAC has a quite different chart compared to those so I guess I will post this one for reference, since we are having a big j confirmation red candle today.
I think we are on wave 5 down. the target is the red box. I will look for a finished setup 9 and ...
BAC is approaching support at 25.81 (61.8%& 100% Fiboncci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 28.77 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching support at 3.4% where a corresponding bounce could occur.