Bank of America bearish deep crab short tradeBank of America is approaching the pattern completion zone of a bearish deep crab, and is well into overbought territory. For additional confirmation, there is bearish divergence on the MACD.Shortby OneTrueSloth5
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE. FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKSShortby GWAVE5
Probably short after out of fuel BAC Strong movement to previous high, almost w/o rollout , if new high with FB will be done, shorting under 32.99Shortby Taras_Loboda1
BAC short possibilityBAC overextended and right at resistance. Banks follow SPY. Like this alot still if SPY Starts to pullback. Join our discord for FREE Chart breakdowns, Guides, Trade Idea Alerts & Colaboration! Copy&Paste Link Below discord.ggShortby MoneyFlow_Options_Community4
$BAC Breakout underway in Bank Of AmericaHaving broke out above multiyear resistance a considerable rally is ahead for BAC but we expect a slight pullback to reset the oversold indicators. Any pullback will be a very good opportunity to take a position in a sector that is attracting a lot of interest after being dormant for some years. Longby RedHotStocks19
$BOFA Bank of America breaking out.Entry level $31.50 = Target price $35.00 = Stop loss $30.50 Expected resistance at $33 at the 2018 high. Indicators bullish and stock making its 3rd attempt to break resistance, the rally could be very fast on that break. P/E ratio 11.49 Yield 2.32% Average analysts price target $33 - expect re ratings soon. Longby Bullishcharts23
Bank of America Short, 3 bearish signs on this stock!It's been a nice couple weeks of ripping to the upside for Bank of America. Typically after earnings , banking stocks run and dump. BAC has seen nice follow-through, but I don't think these bulls are free and clear. Technically, here I will analyze 3 reasons why I'm short on BAC: 1. BAC is hitting tripple top resistance at the high 30 dollars area. Historically, there have been over 10 times that there has been 10-15% pullbacks from here. 2. BAC is overbought - on the daily chart , we are hitting 70 RSI . This stock has pulled back roughly 10% six times in the past year since hitting this level. 3. Tom Demark Indicator is at a daily 9 sell, meaning the bulls are overextended and are ready for a pullback. Bonus: 4: on the 5 minute timeframe, there's a nice head and shoulders pattern developing.Shortby WarrenYou3
BAC looks like a great upcoming short option!Let's see how BAC handles that resistance level and then swoop in for the profit :)Shortby jnabasny0
Elliott Wave View: BAC Starts the Next Leg HigherBank of America (ticker: BAC) shows an Elliott Wave bullish sequence from August 15, 2019 low, favoring further upside. The decline to 27.19 ended wave (2) and the stock has resumed higher in wave (3). The internal of wave (3) is unfolding as a 5 waves impulse Elliott Wave structure where wave 1 of (3) is expected to complete soon. Up from 27.19 low, wave ((i)) ended at 28.62, wave ((ii)) ended at 27.46, and wave ((iii)) ended at 30.72. Expect the stock to pullback in wave ((iv)) and turns higher 1 more time in wave ((v)). The 5 waves move higher should end wave 1 of (3). The stock should then pullback in wave 2 to correct cycle from October 3 low (27.19) before the rally resumes again. We don’t like selling the proposed pullback as it’s against the direction of right side tag. As far as pivot at 27.19 low stays intact, expect dips to find support in the sequence of 3, 7, or 11 swing for further upside. Potential target to the upside is 100% Fibonacci extension from August 15, 2019 low towards $31.2 – $32.2.Longby Elliottwave-Forecast4