Bank of America Corp Short Term - We look to Buy at 32.43 (stop at 30.27) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Previous resistance level of 32.32 broken. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be...
A clean weekly settlement below the TEAL structure triggered this trade. The STOP above was identified by locating where the "exchange of power" occurred. The TARGET worked its way down the GRAY channel to find support at the slightly ascending BLUE structure. Trend favoring, 1%+ confirmation, Opportunity to advance STOP as trade progresses, Reward grows with...
BAC $BAC Continuation Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
I assume a continuation of the downward trend (downtrend) if the price level 1 breaks through. A short-term upward movement of the price is possible in accordance with any of the three scenarios shown in the figure. Correction of the forecast when the price level is reached 2.
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Today my team entered digital finance company $SOFI at $6.70 per share. Our...
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Banks look on the verge of long term breakdown out of broadening wedge pattern with massive monthly RSI divergence.
$BAC - Long this stock - 3 indicators confirm the bull trend 1. The Hiekin Ashi candles have indicated a Bullish Move. The bear trend stopped with a large green candle on the Hiekin Ashi chart. 2. The candles have bounced off a common resistance area. Previous areas have shown resistance. 3. The RSI is indicating it has been oversold. Every time this stock has...
Bank of America stock NYSE:BAC had a swing trading Spike on earnings today (see below). The spike on earnings is a catalyst I like to look for as a potential risk defined long BUT it is occuring within price action at no clear prior support level. The broad COVID > High 50% Retracement is down at 34. It will still be worth watching today's Daily close to see...
Traders, We have tested our multi-year support yet again! As you know, this is something I did not want to see us doing. However, our support remains incredibly strong and thus, we have bounced yet again off of that support. This is now the 16th or 17th time (depending on what one classifies as a touch) that we have tested our support. Currently, Bitcoin is...
-Major support broken at 38.17 good opportunity for smaller accounts to capitalize off cheaper options -will be lookin for an entry on puts as we get a continuation -1-2 candlestick confirmations to avoid fake outs
Financials on full display going into earnings . Will those GAPS fill? Keep them on your radar. #XLF #JPM #C #BAC Interest Rates continue to rise on 30 year home mortgages and the federal interest rates consumers begin feeling the pain of being both pushed out of the market and every direction they turn. In most cases higher interest rates help the banks and...
checking out XLF and saw banks are down again today , we can continue selling into tomorrow thus I checked out one of my favorite bank stocks $BAC . break below 41.08 (or 41 if you like flat numbers) we can see 40.18 , even down to 39.85 . 40.5 cons are at .16 / 40p are .08 that's just my humble opinion though , do your due diligence . NFA
$BAC Key Levels, Analysis & Targets Bank of America… Ok… I’m starting to setup swing plans again… All target are buy targets… Have each target locked and loaded, and once it fills load the next buy target. After each target hits set your SELL order for 17%… (that’s the lowest and I’ll adjust this along the way) Happy Swinging… --- I am not your financial...
We also notice in the analysis the appearance of a tail in the large candle, and this means buying with the break of the tops line
$BAC Broke downtrend last week, let's see if we can find continuation this week. 📈$43.05 | $44, $45, $46 📉$42 | $41, $40, $38
$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.
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...