$BAC | WEEKLY WATCHLIST$BAC
Broke downtrend last week, let's see if we can find continuation this week.
📈$43.05 | $44, $45, $46
📉$42 | $41, $40, $38
NCB trade ideas
$BAC CHEAP LONG$BAC has shown some ncie consolidation below its 200DMA and while this stock has a lot of resistance around its $44/45 level, I think it is a good swing if we can get a 4hr close above $43.50 to head back towards $46/47 at the short GP.
Short term drop in BAC detected for tomorrow -3% or moreI've been testing my trading system on Crypto very successfully. Take a look at my past ideas/predictions posted. I started working on applying the system to Stocks and the first trade was done on QQQ to catch the quick drop we saw to fill the gap. I'm seeing a similar setup and a high momentum drop.
If you are interested in seeing me make calls on stocks, like and follow me.
Please keep in mind that I'm not a financial advisor. Trade at your own risk.
Bank of America is ready to rally 👀 why i like this as a swing play, looks like after the double bottom bounce history wants to repeat itself, targeting 43 next week. ❤
like and follow for more !
BAC Mid-Long Term Entry Play (Positions & Options)Technical Related:
- Double Top on BAC (already hit)
- Hit resistance level (around $38.25)
- MACD dipped extremely under half-line (more room for volatility)
- No further bearish technical indications
News Related:
- War between Ukraine & Russia heating up (bearish)
- Bank of America's financials are good + getting better (bullish)
- Buy rating given from analysts
- 1-yr price target: $51.57
- EPS Estimate: 3.26
The Play:
- Long-term position entries
- Long-term option entries?
- Mid-term option entries
*Please critique me on anything as I am new to charting :)
BAC Downtrend ContinuesMore room to run down based off the support lines. With the exposure to Russia this makes a nice short play.
Bearish on Bank of America. BACImmediate targets 44, 42, 40. Invalidation at 54.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
lovely bounce off support! 🔥bac had a very nice bounce off its extreme support zone recently..
now if we can break this trend/local resistance area at 45.5 then the rally should continue and we can target 47.65-58.73-49.96.
like and follow for more! 💘
$BAC Key levels, Analysis & TargetsBAC Key levels, Analysis & Targets
Time frame D1 Bearish Divergences in MACD & RSI Indicator
$BAC Potential Pullback SetupLooking for a pullback buy on $BAC May be something like this (orange bars).
Elliott Wave View: Bank of America (BAC) Looking to Extend HigheThe short-term Elliott wave view in Bank of America (BAC) shows that we are looking for more upside to complete a 5 waves impulse structure, before a 3 swings pullback at least. The impulse move started from 42.59 low to end wave 1 at 46.75. A pullback in wave 2 ended at 44.45 low. BAC then resumes higher in wave 3 with internal subdivision as another impulse in a lesser degree. Up from wave 2, wave ((i)) ended at 47.30, dips in wave ((ii)) ended at 46.00, wave ((iii)) rallied to 48.70 and a pullback appeared as wave ((iv)) ended at 47.98. The last push higher to finish wave ((v)) ended at 50.02. This completed wave 3 in a higher degree.
Wave 4 pullback is building already and we are expecting an ((a)), ((b)), and ((c)) zigzag correction to complete it. Wave ((a)) is ended at 48.94 and we can see a little more higher to finish wave ((b)) to turn lower again. BAC should bounce again after end wave 4 to continue the rally and it needs to break 48.70 peak to confirm that wave 5 has started. Once a wave 5 is done, BAC could find seller to begin a correction in 3, 7, or 11 swings. The view of the wave 4 is valid as we stay above 45.99.
$BAC interesting movement -Will be watching $48.57 Resistance will go calls if we break and puts if we continue to reject
-Banks will be interesting as CPI data comes out
-Will also be watching JPM & GS
-Ready to play both sides
BAC long @ 43.54Long BAC off the daily stoch tuned up and bounced off the 200 day and the capitulation candle. BAM
above all MA why TNX.
But lets not get all happy look weekly heading down so trend is down just a snap back into a down trend. Target 48
$BAC with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $BAC after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
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January 2022 Option trading results!Recommended position size for all the trades was 3% of the capital!
Net result based on Equalsie position: +110.5%
Option trading 110.5* 0.03 = 3% = +3.315%
and
Stock trading Ideas: +0.3%
If you have followed all my trading ideas (published by the trading bot) Your capital must grow +3.615% in January 2022:
In January 2022:
S&P 500: -6.06%
NASDAQ: -10.31%
DOW JONES: -4.25%
Russell 2000: -10.74%
Short Ideas are not considered..!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Bank of America Banking on a drop. BACShort term outlook.
Bearish outlook for gains at 46, then 45.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Bac ShortBac short till we hit the demand zone. We have a flag pattern showing be safe we have Fed talking tomorrow.
$BAC rising wedgebac 45 c for potential rate hikes during fed this week. target 48-49 short term. lose the lower end of wedge and this could tumble pretty hard
no raise hike wont hurt the trade imo markets will rally and this will continue to move on earnings beat + XMF
10% Correction in banks seems imminent!Smart money sell-off before earnings!
Looking at charts and the option data I'm convinced a c10% correction is imminent!
You can see the most important support(green line) and resistance (red line) levels.
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Bank of America | Fundamental AnalysisUnder Brian Moynihan's leadership, there has been a simply astounding transformation of Bank of America's business after the deep financial crisis. The bank has transformed from one institution whose viability was in question to a better institution with exceptional asset quality, a priority on effectiveness, and industry-leading technology. And investors who bought stock in turbulent times have been well rewarded. Throughout the past decade, Bank of America has delivered an unbelievable 820% total return, and investors who bought it during the worst moments of the financial crisis have done even better.
Nevertheless, many analysts still call Bank of America stock "cheap," and with a reasonable explanation. Given several catalysts that could lead to earnings growth in 2022 and beyond, could Bank of America, which currently trades at about $48, reach $100 within this year?
Some pretty compelling catalysts could push Bank of America's earnings up in 2022. Interest rates and inflation are possibly the most critical for investors to understand.
Let's start with interest rates. The U.S. Federal Reserve looks set to begin raising interest rates in 2022 to curb inflation, and investors expect at least three 25-basis-point rate hikes, as per the futures market, with a high probability of four or more. That would raise interest rates on loans for banks in general, and Bank of America, with its high share of non-interest-bearing deposits, would benefit the most. The bank estimates that raising the yield curve by 100 basis points would result in an additional net interest income of $7.2 billion a year.
Then there's inflation. Higher inflation not only usually leads to higher interest rates, but also means higher consumer prices. Not only does this mean that consumers are paying higher interest rates, but the average amount they need to borrow to finance the purchase of a new car, house, or other purchase will also increase.
One proviso is that rising interest rates can lead to lower consumer spending and other economic activity, and if rates jump too high, it's definitely worth keeping an eye on. But since interest rates are near record lows, there will be plenty of room for them to rise before it has a significant impact on spending.
Over the past couple of years, bank investors have been worried about the possible consequences of the COVID-19 pandemic on businesses, such as loan defaults and foreclosures. And fortunately, the banking industry seems to have managed to avoid any negative scenarios.
On the other hand, it's easy to miss some of the positive statistics and strong results achieved over the past two years. For instance, the average current account balance at Bank of America is now 40% higher than it was in Q3 of 2019. Digital sales (e.g., customers getting credit online) are 33% higher than before the pandemic. And Bank of America has raised its investment banking market share by 60 basis points to 6.9% over pre-pandemic times.
In short, Bank of America enters 2022 in excellent shape for its business and is in an even better position than before to benefit from a strong economy.
Bank of America stock will likely be worth $100 in the not-too-distant future, but within the next year, it is unlikely. The Fed is not forecasted to raise interest rates much in 2022, and while consumer interest rates are likely to be higher a year from now, there is little reason to believe that they will jump enough to double the bank's profitability.
Whether or not Bank of America reaches a triple-digit stock price this year, the fact remains that in 2022 and beyond, there could be some pretty strong related factors contributing to earnings growth, and Bank of America could indeed be a bargain at current levels.
