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
Had this idea on July and it was a long term analysis and it delivered.
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...
bullish idea with bullish divergence break out of descending trend line with 1:1 RRR
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...
Love trading parallel channels. They DO be holding brah. use a stoploss pls thanks regard
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...
NYSE:BAC The next target is 50 dollars. If you have any questions, feel free to contact me.
#Banks can run, but they can't hide! Still weak when priced in #Silver.
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
falling cycle -10.51% in 9 days. ================================================================================== 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...
Triple bottom fulfilled, should see next level up. Please use a stoploss, thanks!