Seeing a breakout here among the top XLF names, including BAC. I like ATM 3-4 month calls on this one. SPY's breaking out on this one only bolsters the idea.
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...
So often, a very good trade is marred by a less than perfect execution .
Eager to get into a trade, a trader might throw caution to the wind,
and immediately take the price that a savvy market make might want them to have.
Once that is done, then the entire trade is "immediately compromised",and you are put on the "defensive" as a trader.
If that blunder...
The furthest BAC has moved away from the mean is 19% Over the last year or so. BAC has moved around 17% to the upside the past few months with no significant pull back. BAC is set for "breath" in price action. If negative news develops it could amplify the downward move. I like the Dec 27th 30-30.5 puts here as a conservative wager. You could look lower if...
#BAC has broken out to ATH's and is approaching the 1.619 golden mean ratio fib extension wit coinciding bearish divergence on the MACD plus tail end RSI bear div to add the cherry on top.
see chart
BAC has broke out of the resistance level and we can expect price to head much higher in the coming months.
This is one of WB's favourite as well !
Big lenders like Bank of America and JPMorgan Chase had blistering rallies in October and early November as investors rotated to value stocks and looked for higher interest rates. But now those hopes are fading and BAC is potentially stalling.
Some warning signs may be appearing on the BAC chart. First, its MACD has crossed to the downside. Second, it’s now under...
Looks prime after a nice consolidation. May take some time but with all the easy money, buybacks, and technical picture looking good for a bullish run...... why not?
Would not be surprised for a little pullback before going higher as well.
BAC volume dropping off looking for a pull back to $32.2 quickly in the near term with any sell off from these highs.
November 15th 32.5 puts at .06 seems good risk reward at these levels
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 Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other.
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BAC
