It seems Banks have run out of steam and in the near future, they will make a correction or go sideways! BAC: Fails to close above 48.50 WFC: Got rejected from resistance level and may retest 46 in the coming days C: struggling at the support line MS: pure consolidation between 96-106 JPM: 2-3% correction is expected! GS: could retest 370 level once again! You...
Head & Shoulders - Break below $44.63 Target:$41.50 Stop: $46.13
Overbought, just coming out, and now divergent. I am waiting on a sizeable drop. It is unclear whether this is going to be a Wave 2 or B, but it does not matter as both scenarios are implicitly bearish. Very short term outlook, as the view is based on an hourly chart. We are not in the business of getting every prediction right, no one ever does and that is not...
Looks like we are at a higher high on the weekly and daily timeframes. Bank of America is a nice safe stock in my eyes. Although we are in a season where alot of shopping will go on, I can see this being bullish for banks and other holiday related tickers. Bank of America holds a high position in many prominent portfolios including my Uncle Buffet's. I want to see...
Long to 54…. EOY I hope. Maybe January since Feb is the worst month for markets. I’ve got over 500 calls between Jan 2022 and Mar 2022 at 50 strike. Just a trend… do with it as you please.
slowly approaching the ATH before the 2008 crash . Still don't like the bearish div stemming from Dec '17 another tap of $38 before considering ATH
GS looks good for highs once again iMO.. Over 399 get ready for 403 - 411 - 420 R LVLS Can scalp 399 to 403 on a quick play. . If buying commons LIS 390
Short Term view in Bank of America (BAC) suggests the rally from July 19, 2021 low is in progress as a 5 waves impulse Elliott Wave structure. Up from July 19 low, wave (1) ended at 42.84 and pullback in wave (2) ended at 38.36. The stock has resumed higher in wave (3) with internal subdivision as another impulse in lesser degree. Up from wave (2), wave ((i))...
Rising Wedge in the Hourly and Daily Charts. This is just my honest opinion thanks :)
Both are struggling at the resistance level! Weekly charts:
Post Ascending triangle, and B wave of Zigzag. Quite a clear picture here and plenty of time to complete the zigzag. It's correcting now post most recent overbought state as well. 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 going down are highlighted in purple with...
SNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS. ENTRY PRICE BLACK COLOR TARGETS GREEN COLOR STOP LOSS RED COLOR DO NOT USE THIS...
SNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly...
Easier to see this set up on a line Chart Wait for break of key Daily Level before entering. MACD suggest more selling to come. With Sept being a bad month Traditionally for stock BAC should follow this trend.
tos picked up this ascending wedge pattern. Took a closer looking, it did break trendline There was a double top price rejection at the 200 sma on this chart. Target price is under $40. Swing trade, bearish.
new highs coming soon new highs coming soon new highs coming soon new highs coming soon
BAC is slowly forming signals that may suggest an up-move to be had. Currently I'm making this TA during market hours so I suggest you wait until market close to see if the TA still holds up. I believe we may see a move to the 44's since we are seeing a ema cross form on the Willy Oscillator. Not only is the willy oscillator forming a trend, but the squeeze...
FXCM's USBANKS basket is in the bearish area on the daily chart on the left. The basket is an equal weighting (20% each) of JPM, BAC, WFC and C. A bearish cross of the EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 20 level and maintenance of that level increase the chances of a successful...