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Bank of America Corporation Depositary Shares (Each representing a 1/1200th interest in a Share of Floating Rate Non-Cumulative PrefBank of America Corporation Depositary Shares (Each representing a 1/1200th interest in a Share of Floating Rate Non-Cumulative PrefBank of America Corporation Depositary Shares (Each representing a 1/1200th interest in a Share of Floating Rate Non-Cumulative Pref

Bank of America Corporation Depositary Shares (Each representing a 1/1200th interest in a Share of Floating Rate Non-Cumulative Pref

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💾 Bank of America Corporation Worst Since 2008 | Major CrashNumber two is Bank of America, this one looks even worst than JP Morgan Chase. No introduction needed as I already did it with JPM but if you missed the other article let me just say that we are likely entering a "Bank Holiday" period. Bank Holiday refers to the process of the bankers celebrating as the wealth of 20-40% of the worlds population vanishes. Ok, the chart: ✔️ Bank of America peaked February 2022 and last month produced a year long lower high. ✔️ This week BAC produced the highest selling volume since June 2020. ✔️ BAC closed Friday below MA200 and EMA300 in a single candle. ✔️ It was already trading below EMA50, EMA100, etc. ✔️ The MACD did a bearish cross while moving below zero... Double whammy. ✔️ The RSI is already weak and gaining bearish momentum. While everything burns, the executives will pay themselves millions and millions and millions of dollars in bonuses... People will lose everything. We will see if Crypto will save the day or if it will also go down together with the whale banks. Or maybe they will decide to print 5 Trillion USD to bailout the banks out and everything... Namaste.
NYSE:BACShort
by MasterAnanda
7
Sorry Mr Buffett but BAC is going down Sorry Mr Buffett but BAC is going down with all the other financials that I looked up. On February 11th, 2022, Bank of America ( BAC ) completed an impulse wave up that began in December 2011, specifically Intermediate Wave (5) on the graph in light blue. According to the guideline of corrective waves, whenever a five-wave move is complete, a correction occurs that typically ends near the terminus of the prior 4th wave. As such, we have observed 5 waves down that completed Intermediate Wave (A) and an ABC correction for Wave (B). While there is no confirmation that this correction (B) is finished, it may have ended. An essential clue to note is that if the correction is finished, it suggests that the minor Waves C of this Intermediate (B) correction have truncated and failed to reach the minor Wave A extreme. This truncation is an indication of strong underlying selling pressure in BAC . If this correction is a zigzag correction, the most common Fibonacci ratio in a zigzag is equality between Waves A and C. A = C at approximately $17, which is the exact target from the Depth of corrective wave guideline. This point represents the terminus for the Intermediate Wave (4) in the previous impulse wave. The second target could also be a 0.618 ratio of $24. Based on this technical analysis , it appears that BAC is going down with all the other financials. From a technical analysis perspective, it is worth noting that the assessment made in the statement is also valid from a macroeconomic standpoint. Increases in the Fed's fund rate have a direct impact on the housing market, leading to a decrease in mortgage demand, and ultimately causing mortgage rates to fall. This, in turn, could adversely impact financial institutions, as it could lead to a decline in revenues. Therefore, it is crucial to consider the macroeconomic factors that influence the stock market and financial institutions, such as changes in the Federal Reserve's policies, as they can have significant consequences on the performance of individual stocks and the market as a whole. Please note that the analysis is my personal opinion and should not be considered as financial advice. It is important to conduct your own research and seek advice from a financial professional before making any investment decisions.
NYSE:BACShort
by WavesInvesting
BACBank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management segment offers solutions to meet client's needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other. The company was founded by Amadeo Peter Giannini in 1904 and is headquartered in Charlotte, NC.
NYSE:BACLong
by YMANapro
BACWith the support of the long moving average SMA 200, the stock is in a declining trend, but with the support of the shorter average SMA 50 and SMA 100, the stock has moved from a falling trend to a more horizontal trend. Trend lines almost clash with a resistance at 38.5 and support at about 30. Price peaks mostly coincide with volume bottom and this weakens the stock. But OBV has a slight rise on it last. RSI follows price. Oscillators and Moving Averages stand one day at strong buy and a week to a month at buy. Consider the stock technically neutral medium-term, but a break up or down relative to the trend will provide a new direction. Remember you need do your own research and assessment before buying and selling. Disclaimer: I have a position in the stock. Sources: Trading View and Yahoo Finance.
NYSE:BAC
by scorpiris
Bank of America (BAC) A great potential for the mid-term Bank of America is one of the largest banks in the United States, with more than 4,000 branches and 16,000 ATMs located across the country. In 2008-2009, the bank was among the many banks that required a government bailout during the financial crisis. Despite these controversies, Bank of America remains a major force in the banking industry and continues to be a trusted financial institution for millions of customers. ⛓Technical analysis We may see a drop of up to 5% in the coming weeks before the recovery that should take place in the first 2 quarters of the year. Trade safe!
NYSE:BACLong
by pridefulDove59918
Bank of America (BAC) bullish scenario:The technical figure Triangle can be found in the daily chart in the US company The Bank of America Corporation (BAC). The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company. Bank of America is one of the Big Four banking institutions of the United States. It serves approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking. The Triangle broke through the resistance line on 26/01/2023. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 12 days towards 36.20 USD. Your stop-loss order, according to experts, should be placed at 36.30 USD if you decide to enter this position. The bank's net interest income jumped 29% year over year to $14.7 billion in the fourth quarter. Looking ahead, the company estimates that a 1-percentage-point increase in rates would boost its net interest income by an additional $3.8 billion over the next year. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals and cannot be held liable nor guarantee any profits or losses.
NYSE:BACLong
by legacyFXofficial