Bank of America Corporation Depositary Shares (Each representing a 1/1200th interest in a share of Floating Rate Non-Cumulative Preferred Stock , Series 1)
If you haven`t bought AAPL before the previous earnings:
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 35usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $2.82.
If these options prove to be profitable...
I have an older BAC idea from a few weeks ago that shows a LARGE megaphone pattern that started after the 08 Crash being tested. It held and bounced but formed what seems to be another NICE smaller weekly megaphone pattern that we are testing and in the morning rejecting at the upper band. AMAZING DOWNSIDE JUICE in these patterns imo.
I will be looking for a...
Bank of America (NYSE: NYSE:BAC ) emerges from the first quarter with a mixed bag of results, showcasing resilience amidst economic uncertainty. While surpassing Wall Street's expectations on both revenue and earnings, the bank grapples with elevated expenses and mounting charge-offs, casting a shadow on its post-earnings performance.
Earnings Beat Amidst...
-Weekly 26 EMA pointing upwards suggesting an uptrend.
-A successful visit on the 26 EMA is recognized as well.
-FED rate cuts paused.
-There is a rumor that wants bank regulators to propose limitations on the compensation of the executives.
Long sentiment.
-Price inside a negotiation area that forms the lower edge of a bigger range.
Entry after the...
Bank of America has been falling since Feb 2022.
Its going for the support zone.We might get some support in the regions of 26 and 23.
Do not consider for long term investments take profits at 32 max at 37.
Yes, #Silver is getting STRETCHED, begging for a consolidation.
However, this has permitted it to outperform #BankofAmerica, carving out a possible MASSIVE topping structure.
In fact, we are on the brink of a PARADIGM SHIFT breakdown in favor of the #PreciousMetals.
OH BOY!
Hello everyone
I just want to give you an intraday signal but if it works.
Please let wave ii complete and then enter in the extremity of it with money management if you want.
Thanks
Elliott Wave Structure in Bank of America (BAC) shows incomplete bullish sequence from 10.27.2023 low favoring further upside. Short Term, rally from 1.17.2024 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from there, wave (1) ended at 35.1 and dips in wave (2) ended at 32.35. The stock extends higher again in wave (3). Up from wave (2), wave 1...
Elliott Wave Structure in Bank of America (BAC) shows incomplete bullish sequence from 10.27.2023 low favoring further upside. Short Term, rally from 1.17.2024 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from there, wave (1) ended at 35.1 and dips in wave (2) ended at 32.35. The stock extends higher again in wave (3). Up from wave (2), wave 1...
Divergences have been observed on multiple time frames for BAC and basically $IWM. Unless it keepes extending, the top is most likely in. The drop below the 36.8 area would confirm that.
NYSE:BAC smaller Inv head and shoulders that has broken to upside, appear to be playing into a bigger INV head and shoulders pattern. With rate cuts approaching, this stock can see huge gains as the outlook become more satisfactory. Excellent buy opportunity.
Montly Demand Zone hold the price give a good reaction
We can observe the an external liquidity was taken in weekly timeframe
We dan also observe that the structure was shifted in Weekly timeframe
I'm expecting to price to pull back around 33 to invest as I'm expecting the price to be bullish
Downside risk 20%
Upside gain 80% & more
BAC is showed here on a 100R(ange) where price action from the Covid lows to the federal
stimulus highs to the fade and consolidation of Summer 2022 to Summer 2023 and another
fade and reversal from it are seen on the chart. At presen, BAC has reversed upside. With
Uncles Powell and Sam announcing likely three rate cuts in 24Q3 and 24Q4, I see...
BAC is at resistance inside of a huge bearish rising wedge.
RSI and MACD have a big bearish divergence which indicates a drop is in front of us.
Measure drop is around big red aka 200 days MA.
Great place for small short position
