Bank of America had a strong rebound yesterday by forming a bullish engulfing candle. Furthermore, it was supported by the RSI bullish divergence and oversold signal. More importantly, the falling wedge formation is indicative of a potential bullish upside.
Look daily still heading down but holding supprt 35 look weekly on bottom turning up its still only a swing trade Look selling vol less target 40 50 day ma www.youtube.com
Supply Area= Red SnR= Blue Trendline = break or sustains? Overall Trend is in downward, but there is always opportunities everywhere!!
Should you invest in BAC, or even more generally, banks right now? No. BAC is likely going to come down. If we look at its scatter plot chart below we can see more clearly the likely trajectory here: Touching that linear line is almost a guaranteed IMO, which is a price point in the mid 30s. I also expect it to come to or at least close to that...
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
#SuakuFlowsWatchlist $BAC P < 35.51 $JPM P < 117.94 $WFC P < 42.49 $XPEV P < 19.66 Looking for a 3-1-2 bearish continuation on all these picks tonight. If you're looking to play calls, it should ideally be only as a scalp. Overall trend remains bearish. Trade safe! 💰
descending wedge, most likely going to form head and shoulder. Oversold as well. im going to ride it up with calls and then ride it down with puts after.
hi, we have a big problem, because when I look on the Simple Wall Street application I see that lot of managers from top banks sold their stocks of their own banks. I think: Citi, Goldman Sachs, GP Morgan, Please read also ZeroHedge article about banks in USA, only to summarize it: we have to wait to October to see where will be the index of SPX in Poland we say...
Based on its downtrend, regress off resistance and a familiar chart pattern confirmed by my technical indicators, I expect at least half a percent in profits IF $BAC breaches yesterday's low of $ during today's session.
bancos americanos seguimiento pretende capturar el mmento de las rupturas claves
Putting $BAC on my radar - looking for a breakout above my trendline or a breakdown below the vol shelf. NYSE:BAC
$BAC - Long this stock - 3 indicators confirm the bull trend 1. The Hiekin Ashi candles have indicated a Bullish Move. The bear trend stopped with a large green candle on the Hiekin Ashi chart. 2. The candles have bounced off a common resistance area. Previous areas have shown resistance. 3. The RSI is indicating it has been oversold. Every time this stock has...
The PEAD projected a Bullish outlook for $BAC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
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Bank of America stock NYSE:BAC had a swing trading Spike on earnings today (see below). The spike on earnings is a catalyst I like to look for as a potential risk defined long BUT it is occuring within price action at no clear prior support level. The broad COVID > High 50% Retracement is down at 34. It will still be worth watching today's Daily close to see...
Bank of America as a buy stock based on technical analysis. Using Stop-Loss for all my trades
-Major support broken at 38.17 good opportunity for smaller accounts to capitalize off cheaper options -will be lookin for an entry on puts as we get a continuation -1-2 candlestick confirmations to avoid fake outs
Hello everyone!! BAC I bought in at $13 and I've been in since. Let's wait for it get closer to 26.24 buy it at any price between 26.24 - 35.18 and hold until 2025 thank me then.