Stocks usually moves in clusters, and it is obvious that finance sector becomes hot since last week. If you check the last week performance of the companies over 100 Billion market cap, soon you will notice 5 out of the first 10 best performance belongs to Finance sector. Interestingly, Wells Fargo ( check my WFC analysis published on Feb 16th) was the best...
not sure where X completes within X^2.. the Y wave is too complex for me.. i dont think its completing 5-5-3 from the march 2020 lows. would like to see others counts from march lows. we approaching a top but where is it likely to occur..? i don't see much in terms of fibonacci confluence.
Broke out of descending triangle yesterday afternoon, good indication of a bullish reversal!
Instead of updating the previous post I figured I'd make a new one. WE LIKE THE STOCK!!!
$SHOP is trading within a bullish wedge above structure. Look for long to the top the wedge structure to $1200 A breakout of the wedge can lead to previous highs at $1280 and then new all time highs at $1380
My bearish view for Bank of America is almost confirmed. All is left is a move below $30.59 zone. RSI and MACD are flashing red and point for a continuation of the selling. Volumes are descending as activity is slowing down resent days. Since the bad earnings, the bank is under pressure from investors, but still the downtrend is not entirely confirmed. Given the...
Bank of America (BAC)
On the 1 hour timeframe, the pattern of expanding triangle has formed, which indicates the readiness of the paper to continue the trend for a decrease. I expect a fall if the bears manage to lower the price below the support level of 20.89-21.52$.
Today we saw the earnings report for Bank of America and it did not meet the investor's expectations. So far the earnings season (for the banks) starts a bit off. The EPS came above expectations at 0.59 versus 0.54 expected. Revenue though came in with a miss - 20.1B against 20.56B expected. The main cause for the miss cited is the COVID-19 pandemic. RSI is...
Looks like it's about to go down for a while, but it's within the channel. It's my favorite bank, I'll continue to hold, but does not look like a buying opportunity at this time.
Stop: 28.00 We see potential continuation out of this broad range. We have tight stop so this is more of a momentum play by the model.
BAC FOR lONG IN 16 DECEMBER BUT AFTER A SMALL CORRECTION MAYBE TOMORROW IN THE OPEN ENTER FROM THE YELLOW LINE AND TAKE PROFIT WHERE I SHOW YOU AND AS I SAID ALWAYS WHEN YOUR DEAL ITS 50% OF GAIN TAKE 50% OF IT AND MOVE STOP TO BREAK EVENT OR ENTER POINT AND REMOVE TAKE PROFIT AND LET IT TO RUN TO CATCH MAXIMUM PROFIT IF THERE'S BIG TREND HAVE A NICE DAY...
-Bearish engufling candle today -Bearish MACD cross -Continued weakness going into year end -Looking for gap fill to $27.50ish -Then move to $27ish -If $26.30 breaks, could see move back down to $25
The potential growth of NYSE:BAC is about 23% and the target price of JPMorgan is above 37$ per share
NYSE:BAC With vaccine news, banks are expected to have less money put aside to cover default-risk-related assets, that is the recent run up. Also the fed Rate has "quietly" go up and US 10Y also run up which cause this bank bull run. so Bull side: more vaccine/news rally this can go to test 30.4 level , which could be a strong resistance. Bear side:...