The implications of a confirmed breakdown for #BankOfAmerica versus #Silver is a paradigm shift type event.
Capital flows will then favor precious metals to a point that #gold and #silver will severely out perform.
Bank of America has incurred a loss of 131.6 billion USD from securities transactions. According to the bank's CFO, Alastair Borthwick, this loss can be attributed to the declining value of US government bonds in the bank's portfolio, as a result of rising interest rates. The loss is anticipated to recover once the government fulfils its obligations, leading to an...
Bank of America has confirmed the MA's and S/R zone as Resistance within an Ascending Broadening Wedge just as PACW did not so long ago, and now more interest is building at lower levels, which could suggest that BAC will be breaking down from this wedge very soon, and the measured move would take it all the way down to about $2, though we could see it try to...
📶 S T A T I S T I C A L A N A L Y S I S
Current 50-Day Market Trend: short/sellers/negative.
Next Swing: neutral swing of volatility.
Next Wave: buy wave to the deviation.
Next 50-Day Market Trend: long/buyers/positive.
Trade Type: Touch & Go don't wait for a close.
💵 E A R N I N G S A T A G L A N C E
Release Date: 10/17 AMC
Quarter:...
BAC is about to show a 10% growth over 2 years if earnings are met in Oct. vs YOP2Y.
Indicators:
* Money flow indicator
* Elliot Wave Oscillator
* Bollinger Bands
* MACD (10/40)
* 4-day chart (earnings/dividends) Why can't we see these on 5d+ charts anyone?
* Not seeing this as anything turning soon, but nearing a new low = 2 yr...
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...
High expectations of 22.98 as the point of reversal
but if that fails i know there will be confluence after the rejection there
and further entry points have been shared for your benefit
more than 10 likes and ill share pyramid positions points to
turn your return to 500% at the least
ANALYSED BY THE BEST
rising cycle 9.27% in 9 days
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's...
Banks did not fare well in the 1970s or 2000s.
Guess what asset class does well when #banks stagnate in secular bear markets?
#gold #silver #crudeoil #uranium
BAC price action looks pretty weak. We saw a false breakout at the 1.618 Fibb extension level from the 2020 decline. As it stands it is below its pre COVID highs and is running into some serious resistance at that level. Price action looks like it wants to head lower from here.
Introduction
The Bank of America Corporation is one of the most famous of Warren Buffets holdings. It is right behind Berkshire’s Apple holdings in size and it has only grown during the recent banking turmoil. This is while he is “dumping” other banks because of red flags in their financials. That is beginning to look like a bad decision based on the technical...
NYSE:BAC Bank of America is at an interesting level
Bank of America is at an interesting Level. Truly will be interesting to see if this holds. Bonds were ripping today and I think we see some “stuff” soon….
It is spooky season, after all...
NYSE:BAC
Lowest daily in over 3 years and a massive open gap below. Huge weekly uptrend breakdown.
Expecting another -10% downside from current levels to fill the gap. There are very high chances that bank of america revisits COVID lows.
Hello There!
Welcome to my new analysis of BAC. In recent times I have spotted important value stocks within the market that have the potential to emerge with a major transformational reversal and indicate main expansional determinations once the appropriate confirmations have emerged. In this case, I have analyzed BAC with the current ongoing underlying...
We also have bullish divergence on the macd.
Originally i thought we may see lower prices, but with the price action, paired with youtube and twitter sentiment being at all time lows, doomers everywhere, I will take the other side of that trade.
LONG
