At the price of <$30 per share, this is a good opportunity to buy some Bank of America stock.
There are major issues with the banking system, mortgage market and bond market.
Due to the system we live in, this will lead to destruction of small banks, and the capital will flow into the large established banks. GS is too expensive so BAC offers some more...
Key News:
New Zealand - RBNZ Interest Rate Decision
UK - CPI (YoY) (Jul)
USA - Building Permits (Jul)
USA - Crude Oil Inventories
USA - FOMC Meeting Minutes
In the previous trading session, European markets grappled with a challenging day, witnessing noteworthy declines that drove them to their lowest levels in over a month. This downward trend was...
On this 4H chart, I see WFC having had a bit trend up and then a retractment through the
upper anchored VWAP lines toward the mean running VWAP where I expect a bounce.
At present, price action is in a bit of a flat bottom triangle. The ZL MACD supports this
impending reversal with bullish divergence in the line cross under a histogram which
went red to...
A historical decline was made in 2006 to 2009, from which the rise took place in three waves, not an impulsive rise, and there are many manifestations of weakness in the rise from the presence of a strong monthly negative divergence, in addition to the weakness of the rise at the historical peak. next big
Good luck
The Bank of America Corporation (BAC) got rejected again on its 1W MA50 (blue trend-line), a level that has been acting as a Resistance since the March 2022 break-down. This has created a Lower Highs trend-line that is the key pivot level now. But before that, let's see how it's been trading on a +10 year basis.
As you see on this chart, ever since the November...
Hi, according to my analysis of BAC stock. There is a good chance to buy. We notice that the stock started moving very positively. With the arrow exiting the triangle pattern. And breaking the resistance at 29.50. We also notice that a strong green candle is forming outside the pattern, which indicates the power of buyers. good luck for everbody
If you haven`t bought BAC here:
Then analyzing the options chain of BAC Bank of America Corporation prior to the earnings report this week,
I would consider purchasing the 30usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $0.83.
If these options prove to be profitable prior to the earnings release, I would sell at...
BANK OF AMERICA (BAC) is showing signs of net buying / accumulation at the current levels -- conveying anticipation of the April 18 earnings results. The last December 2022 results beat expectations -- and it looks like the confidence will be the same for this season.
SEEDED L at 27.5
TAYOR.
-------------------------------------
Here are some fundamental data...
With the Bank Stress Test showing positive results, here's a possible trade gameplan for GS into qEnd provided conditions are met and we have a bullish reaction to GDP + Unemployment numbers in pre-market tomorrow.
The path on the 15 min chart looks messy since that's the lowest resolution I can publish, so I've included a 5 min version in the screenshot...
Chart pattern is in an accumulation period (according to wyckoff method).
That means that we can see a long explosion after the accumulation period. Entrance at 29.48 or above
The target profit should be at 31.25, but we can stay more time using trend-following indicators.
BAC on the daily recently descended from an asymmetrical head and shoulders pattern
near to or in the supply zone as indicated by the Luxalgo indicator down into the demand
zone in late March and early May for a double bottom. Fundamentally, the banking system
has been propped up by the federal central banking mechanisms and the situation seems to
have...
Here you can see that Bank Of America is trading in a down-trend now days and moving towards the strong support line which comes from past and already Market had test this support line two times in 2016 & 2020 respectively. Now if BAC broke 26.32USD then we can take a trade for a further downside with the target of 23.50USD .
The chart posted is that of BAC we had what seems to be a rather classic head n shoulder top so if the over all market is going to hell as I stated in the forecast dec 2021 why does everyone WANT and Need to trade the long side ??? I have lived thru NINE BEAR MARKETS and have traded since 1972 when I was in high school. I have managed funds since 1990 ...
BAC is shown here on the 15 minute chart. Fundamentally, it is under pressure like
many other banks including First Republic.
On the chart, price is in a downtrend having bounced from VWAP (redline)
in confluence with the blue line of the top of the high volume area of the
volume profile. Price is underneath the blackline which is the 210 HMA.
Only...
I tried to play calls at this decisional demand zone but cut early. Our sweep of our decisional demand could not get us above $30.19 so I'm expecting we drop further to demand starting at $29.60. I'm hoping see a bounce at $29.50 playing out to get us back to the highs around $31.
![JPM: JPM - Rising Trend Channel [MID -TERM]](https://s3.tradingview.com/h/hhaVuCSB_mid.png "JPM - Rising Trend Channel [MID -TERM]")
