BAC PutWe see first signs of reversal on MACD. RSI has been overbought for quite a while. We also still have a huge gap to fill so we see huge potential on this put
NCB trade ideas
$BAC LevelsBreakout zones:
$49.32
$49.01
Bull PTs:
$49.83
$50.47
$51.11
Bear PTs:
$48.73
$48.28
$47.83
$47.35
bac long to 52bank stocks are in good rotation going long to 52. Using fib levels to interpret level of the move.
BAC LONG into EARNINGSBAC has been on a upward trend and I see no signs of it halting. BAC reports Earnings on the 18th of January. Jan 21 Calls are still relatively cheap, if you wait until next week or the week after the price of the Calls will most likely increase in price.
Banks could experience a bullish rally..!it seems Banks stocks have finished their correction and started a new rally!
Keep them in your portfolio during high inflation times!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
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 bullish channel swing longPotential long on bank of America(BAC) on the recent swing low
Not financial advise obviously
Bank of America levels Bac on weekly broke above 3ema and 15ema - red lines.
On 1hr chart broke above resistance red scd band and resistance ma.
Red lines on 1hr is 3ema and 15ema from weekly.
On 1hr above green scd band.
Rejection up from these levels will target top bolinger on 1hr.
Look for buy set ups on smaller time frame as price declines to around and below level 44.60
Bank of America (BAC) LongBank of America has already made a high and is starting to pull back.. Will be waiting until price gets to around 40.0 to enter long positions and calls on this play long term.
BAC currently trading in the middle of an upwards channelBAC has been trading in an upwards channel for quite a while. Currently it seems that BAC shares are in the middle of this channel between important support and resistance channels. Currently I would advise to wait and see how things evolve in the upcoming weeks. It could go down to support or move up again to the resistance level. Feel free to let me know what you think, upvotes are always greatly appreciated! Happy holidays!
Bank Of Americathis is long term if you can hold -99% ..... on green area pull back zone nice entry in buy.
BAC: Bull trap intensifiesIn our last posting on BAC we pointed out the possible formation of a bull trap. If we're making a bull trap, the trap is set to be sprung soon enough. And the bite of the trap could last a long time.
BAC 20211214 AnalysisDisclaimer: The contents are for informational purposes only and do not constitute investment or trading advice.
BAC is in an upward channel. A reverse head and shoulders/ascending triangle pattern formed between Jun-Sep and the neckline was broken @ $44.
Price has now pulled back to $44 support and if this level holds, BAC has the potential to rise to ~$52 towards the upper trendline of the channel.
Stop loss at $41.5, Price Target 1: $48, Price Target 2: $52
Descending Triangle in Bank of AmericaBank of America attempted a breakout in October, but some newer patterns suggest a potential change of direction.
Notice the series of lower highs since December 1 as BAC tries to hold roughly $43.60. That’s a potential bearish triangle. Interestingly, the support line is near the June high of $43.49.
Second, most of the candlesticks recently have been solid, meaning that highs have been sold.
Third, price has gotten trapped under the 50-day simple moving average (SMA). The 8-day exponential moving average (EMA) is also under the 21-day EMA.
Next, MACD has been steadily falling since early last month.
Switching to the weekly chart, BAC just formed an inside candle. That kind of compressed price action may suggest volatility is getting ready to expand.
Finally, the macro backdrop may be more difficult for the company because the Federal Reserve’s tighter policy is flattening the yield curve.
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BAC Possible PivotWedge apex is coming to a close soon on BAC, time frame seems to be putting the break around tuesday open but any whale could pull it through Monday, keep an eye on this as these contracts move HARD
Bank of america $BAChere my idea on bank of america, bac seems in the last impulse before the big correction, 1m chart is forming wave 5, on 4h chart i think the price is forming wave 4 flagging on decreasing volume, target is wave 5 around 50 usd
Bearish on Bank Of America (BAC)This is my first time publishing any analysis and I have also not been analyzing charts for to long. This post is more so looking for feedback on my analysis, but if it helps others, then great.
That being said, I am confident in shorting BAC as a result of the bearish indicators shown in my chart. For one, it is hovering above a support level that I think needs to be hit before BAC rebounds. My other reasoning is the the 50 day and 100 day moving averages are crossing. The third reasoning shown in my analysis is the "Bearish Cup and Handle Pattern." Also not drawn in what I believe to be a bearish pennant pattern. These reasons are why I have a bearish bias on BAC.
As I said before, I am new to this, so any feedback would be MUCH appreciated.
(Not Financial Advice)
BAC at an inflection pointGreen lines - rising wedge pattern
Yellow lines - Recent bearchannel /Possible flag
White line - Resistance turned Support area
Bearish Rising wedge is obvious here. There's room for one more trip up should BAC breakout of that bearchannel with a possible bullish target of 50$.
Should BAC lose the wedge support and drop below 43.40 we could possible drop down to 32-35$ which would represent a 25% correction.
If it loses support this week or rallies up ome more time , BAC is heading for a correction into the Spring 2022
BAC-NYSE: is it trend continuation?BAC in Bullish trend, watch the possible cup and holder shape for short sell.
Bank of AmericaBAC could still be in the current retracement of the previous low. I see some bearish candles under the 200 ema (purple). Although the previous high, has been broken, I see a lower high and a new low on the 1 hour timeframe. BAC could be falling to a nice buy zone in the future. Let's see what happens!
Bank of America Bearish Pattern -UPDATEBAC following the bearish Crab pattern published a while back.
The price is in buy zone (Put) with most indicators weak and negative.
Integrity is Important!Please review the analysis published on November 4th, 2021:
Title: Negative days ahead for banks!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
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.
