BAC trade ideas

alexp

BAC is stuck in trading range between 9.00 and 9.6 recently. Currently it's at the bottom of trading range forming a double bottom flag and is currently aiming towards top - should trigger above 9.27 for confirmation. Risk:reward for this trade is 1:1.5 as quick scalp-type trades work better with trading ranges.

gremlin

Description is in the chart. Short idea is supported by the new lawsuit against the Bank of America.

fibline

Back above 9.50. Expect more upside here. Can remain Overbought for awhile.

ThijsDemoed

Gartley 222 Pattern with a Potential Reversal Zone in 8.90-8.80 range

Hello

Entry - $9.40 - $9.50 Target 1 - $8.90 (Recent trough could prove to be support) Target 2 - $8.25 (Breakout point could prove to be support) Stop Loss - $9.70 Double bottom formed May - September Higher volume on first bottom Lower volume on second bottom Price action broke out on high volume and stopped right at the measured move for the double bottom forming...

alexp

A classic 3-push wedge set up in BAC after three exhaustion bull bars + a measured move from 6.90 to 8.40 has worked pretty well... If triggers below 9.45 - I would expect at least two legs down to MA. Stops around 9.65, targeting at least 9

borghei

Channel setup here with multiple bottoms around $7 and tops around $8.20. Overbought at these levels could see a .50-$1.00 drop before Sept 22 .

nmike Mod

If the FISHER 200(weekly) signals have too much delay(historically), change the FISHER setting to 100 and vice versa

Algokid

Sounds crazy, but I believe BAC has already bottomed and ready to go up again. Historically, the buy volume at this price level is pretty high. The price is currently above it's 10 month EMA. I have no stop , or specific target for the trade, but will review once resistance is hit around $9.41. Will manage trade on a monthly basis.

Lukas Sedlak

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maisiefarange

short in theory only, i could never stay short anything other than a stock promotion for more than an hour; i don't have the nerves.