Booked profit of about 19.28% on the invested capital.
I do realize that there is a potential for a move of about 9% to the next key inflection levels. But considering the overall valuation of the US market and the high interest rate environment and the possibility for a recession to hit the US economy in the near future, I do expect a sell-off. So decided to...
There is symmetrical triangle breakout of Bank of America after consolidation.
Long term targets are marked on the charts with horizontal lines. They will act as resistance as well as support. No stop Loss.
View is for next 1- 3 years.
It looks like it needs to fill an imbalance between the 24-26 range. That looks like a good entry point for a long term (2-3 years) horizon.
Stop loss around 23-ish.
Bank of America has shown many confluences of going bearish. I have identified 3 key confluences. First a bearish fair value gap has been created and price has tapped into it. secondly there is a bullish imbalance that price will draw towards to fill. Then when this happens price will most likely continue to go bearish, and sweep sell side liquidity.
Bank of America Corporation Analysis on Daily Timeframe!
Bearish Flag and Pole Pattern Formation in BAC
Flag Breakdown in BAC
Bank of America Corporation made Bearish Flag and Pole pattern. We can see the sharp fall in Bank of America Corporation after price made a flag and moving inside the flag. The price given a breakdown to the flag support and able to...
this chart is a great example of how patterns are the flag bearer of technical in forecasting the future
here we are looking at the life period of BoA prices
giving here my analysis of Bank of America chart for month and beyond levels
here chart is not clear which i publish after this chart
also try to publish hourly chart
As you might able to see the BAC is done with monthly pullback. We can potentially see a monthly bullish impulse. Good option for long term hold based on technicals
Not financial advice and liable for anyone in any regards
Just my journal
BAC looks very bullish from weekly and needs a pullback to head higher.
Not financial advice
Not responsible for other actions
Just my personal journal
Key Levels for BAC(BANK OF AMERICA CORPORATION) for INTRADAY TRADING are :
Upper Breakout~20.85
First Target~21.55
Interim Resistance~22.60
Final Resistance~23.55
**Lower Levels**
Lower Breakout~19.40
First Target~18.85
Interim Support~18.35
Final Support~17.55
Please trade with caution and consult your financial adviser before trading.
