The Bank of America Corporation (BAC) got rejected again on its 1W MA50 (blue trend-line), a level that has been acting as a Resistance since the March 2022 break-down. This has created a Lower Highs trend-line that is the key pivot level now. But before that, let's see how it's been trading on a +10 year basis.
As you see on this chart, ever since the November...
BAC is forming a nice looking bull flag and showing great relative strength. Going to take a full position on this one at the open today. Targets $37, $38.59, $40
If you haven`t bought the dip on BAC here:
Then analyzing the options chain and the chart patterns of BAC Bank of America Corporation prior to the earnings report this week,
I would consider purchasing the 34usd strike price at the money Calls with
an expiration date of 2024-2-16,
for a premium of approximately $1.54.
If these options prove to be profitable...
Financials did well in Q4
NYSE:BAC with a bright green 3 on the quarter
hammer on the year, with lot of upside potential
notice that other financials e.g. JPM ended the year at/above previous highs
meaning BAC wasn't the strongest of them
but, also could mean more upside potential
let' see how it plays out in '24
no predictions, price and time will...
Analyzing BAC Stock: Navigating Breakouts and Fibonacci Dynamics
Introduction:
Bank of America Corporation (BAC) has seized investor attention with its recent breakout from a falling wedge pattern on October 27, 2023. As we delve into the details, this analysis aims to provide insights into the stock's recent performance and chart the potential trajectory...
A clear broadening formation after GFC. What I find most interesting rn is the bounce has formed a rising wedge... aka bounce is not nearly as strong as it should be.
WARNING;
BAC BLACKSWAN 2024 POTENTIAL
I think due to the name Bank of America, the size, and the sector, this would/could be a Silicon Valley Bank x Lehman Bros event if this formations support...
Here is my thoughts on NYSE:BAC
I am watching for this to go down here in the near future. I will be looking for a rejection of this supply zone with the Heikin Ashi candlesticks. My Take-Profit is the first gap fill and my SL would be at the top of the supply zone. As you can see here, we also have the MACD slowing down the buying pressure. Thank you as...
Month price tagging 200EMA with a falling wedge set up. Volume above 28 is needed to confirm the hold and further breakout.
Risk/Reward is good here only for LT passive accounts. Still needs more work for this to work as a good trade.
Flag on daily should atleast test the trendline around 30.
No position yet.
When we look at the correlation between BAC/PO and BAC, we can see a direct proportion. And now, with BAC/PO at the long-term support/resistance point and the expectation of a rise in banks in general, it may be the bank that performs better among banks.
I share my ideas and analysis to improve myself and to learn more from 3rd parties. It is definitely not...
Lenders like Bank of America mostly remain negative on the year, but some members of the industry could be breaking out.
The first chart (above) highlights a falling trendline along the peaks of February and July. BAC paused at this resistance two weeks ago but rallied above it yesterday. It also remained above the mid-September high. Did old resistance become...
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!
Earnings coming on January
Christmas rally
buy the Hype
CyberMOnday
BlackFriday
Sell before Earnings !!
CAFE CITY STUDIO 2024
BUY 30
SELL 32 - 33- 34 MAX
SL 24
High Risk !! NYSE:BAC
