A little background on myself as this is my VERY FIRST EVER POST. Like most of us on here, I have tremendous goals in life and don't want to settle for "being average". I grew up below the middle class by a single mother of four kids that worked two full time jobs to provide for her kids and I couldn't afford university. I have worked in the oil patch in Alberta...
NYSE:BAC Put Strike $38.50 Expiration: Jul 16, 21 $1.55m+ Notional value. This is NOT a recommendation!
BAC is finally back above $40.50 but now the fight starts at $40.80. It was a previous level of support this quarter now I think it could be a resistance level on the daily chart. Wit the stress test news, it wouldn't surprise me if it waffles a bit around here then hopefully breaks. I'm long right now with both stocks and options on the company. IF/WHEN $40.80...
Bac Stock - bank Of America is crushing only sale the bac is going down sharply for the next xeeks to come .... please be careful.. after wave analysis the stock will go sharply to complete the c wave of ABC corecction in the monthly frame .
Bank Of America is in wave 4 , soon fly to $55
Fundamental Friday (BAC): Gallacher's Fundamentals: 1. Select historically "Cheap" or "expensive" markets. - BAC is within uncertainty range level 1. - Financial sector is cheap, relative to tech. BAC has an 18.19 PE ratio vs 585 PE ratio of TSLA. - BAC is neither cheap nor expensive relative to rivals in the financial sector (JPM, GS, by RSI). 2. Develop a...
Bank of America (BAC)... this company is found in Warren Buffet's Portfolio and once it becomes a bargin price it will be found in mine too. I follow the advice layed out by The Oracle of Omaha. The company financials are very weak from a value investors point of view. The total revenue has been flat line at best for the past decade and when your operating income...
Bank of America is again near it's all time highs, close to testing again for a breakout. Earnings this week should confirm movement on the strong uptrend that we have seen since March lows. There is a slight divergence on the RSI indicator. The daily timeframe shows a toppish move on the stoch RSI, as well as MACD turning slightly red on the daily. Should BAC...
Indicators are overbought and there was resistence. I think it's a good short idea. Good luck!
Market is clearly going to rise but you might just need ti wait till the currrent candle to be finished in the 30 min frame.
Chart looks very similar to $XLF, reaching the 1.618% Fib and extending further into a final push to the upside. I expect a pullback once volume dries out in these financial stocks.
While the bond yields are going up (cost of borrowing), the sector that would greatly benefit from news like this is no one else but our good old banking sector. It would be a good risk-management in these fluctuating days to have some bank stocks in your portfolio. Here are some possible support points for BAC. We would recommend buying more each time it gets...
Potential gain:22% Reward/Risk:2.5 Timeframe: 3-6 months I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to...
It will continue to the upside to the resistance area 35.80 Then it starts in a downtrend to 31.41 If this area is broken, it will continue with a downtrend to 29.18
With how rates are moving, it seems almost silly to bet against a US recovery. Banks are the place to be in 2021 Call Ratio Spread - Long 2 Jan2023 40C Short 1 Jan2023 45C