Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

BAC - Bank of America

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by bigbear0083, Mar 31, 2016.

Tags:
  1. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    6,850
    Likes Received:
    1,917
    I like giving this one a shot at $29, with increasing support from the 200MA at $28 currently as well.

    upload_2018-4-25_9-9-33.png
     
    Onepoint272 likes this.
  2. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    6,850
    Likes Received:
    1,917
    Didn't notice it early enough today, but just got in at $29.38. I see a few levels of support here with over 10% upside. Not the best risk/reward ratio, but looks semi-safe to me.

    upload_2018-5-4_13-24-50.png
     
    bigbear0083 likes this.
  3. Stoxline

    Stoxline New Member

    Joined:
    Jan 4, 2018
    Messages:
    21
    Likes Received:
    7
    Turning up off its double bottom. Bullish crossover in MACD and KDJ.
    952271825[1].png
     
    T0rm3nted likes this.
  4. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    6,850
    Likes Received:
    1,917
    A little over half way to my target on this one already.

    upload_2018-5-14_22-12-29.png
     
    bigbear0083 likes this.
  5. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    6,850
    Likes Received:
    1,917
    Dipping a bit the last few days, but still up ~4% on the position so far. About to see a bullish crossover of the 20MA and 50MA and currently holding support at that level.

    upload_2018-5-21_20-50-25.png
     
  6. HumbleInvestor

    HumbleInvestor New Member

    Joined:
    Apr 16, 2018
    Messages:
    19
    Likes Received:
    3
    I would choose Chase rather than BOA.
     
  7. Onepoint272

    Onepoint272 Well-Known Member

    Joined:
    Apr 26, 2016
    Messages:
    1,660
    Likes Received:
    2,007
    The cause was used up at $33. It needs to build more cause which could take some time and in the meantime the price will be erratic. There has been no sign of weakness so far, so have to assume it is being re-accumulated. Currently, the cause built gives an upside price objective of $43.50 on a $0.50-box by 3-box-reversal point and figure chart. If supply appears, the downside objective is currently at $14.50.

    Weekly:
    upload_2018-5-22_0-49-49.png
     
    #267 Onepoint272, May 22, 2018
    Last edited: May 22, 2018
    T0rm3nted likes this.
  8. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,832
    Likes Received:
    1,868
    Critical levels here at $29, might be worth eyeing a short
     
  9. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    6,850
    Likes Received:
    1,917
    Down on my position <1% currently. Should be some pretty strong support right here.

    upload_2018-6-5_17-11-27.png
     
    Onepoint272 and bigbear0083 like this.
  10. Onepoint272

    Onepoint272 Well-Known Member

    Joined:
    Apr 26, 2016
    Messages:
    1,660
    Likes Received:
    2,007
    I think there is good evidence to say it is already being supported.

    • On May 3rd it came down on 111M but reversed to close high end and then proceeded to bounce to test 31.17.
    • On May 29th it came back down to test May 3rd on 136M shares, scary bar, but there was no follow-thru suggesting May 29th was being bought by the smart money.
    • On May 31st it re-tested May 29th on 98M shares and then bounced again
    • Today, June 5th it came down again with the volume shrinking further to 47M shares traded
    It appears to me like they are mopping up the supply of stock for sale. If so, we should see lower volume tomorrow and/or a reversal bar.

    upload_2018-6-5_20-32-50.png
     
    T0rm3nted likes this.
  11. Onepoint272

    Onepoint272 Well-Known Member

    Joined:
    Apr 26, 2016
    Messages:
    1,660
    Likes Received:
    2,007
    Nice. Maybe I should get back in.

    upload_2018-6-7_0-25-38.png
     
    T0rm3nted likes this.
  12. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,832
    Likes Received:
    1,868
    Watching this move here, some action over $30 is going to be most welcomed!
     
  13. tjatlking

    tjatlking New Member

    Joined:
    May 11, 2016
    Messages:
    12
    Likes Received:
    12
    loaded up on DEC 28 call spread from 26.50 to 30.00 strikes, hoping santa comes to see me next week :D
     
    T0rm3nted likes this.
  14. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,832
    Likes Received:
    1,868
    Up over 28 premarket
     
  15. StockJock-e

    StockJock-e Brew Master
    Staff Member

    Joined:
    Apr 3, 2016
    Messages:
    6,832
    Likes Received:
    1,868
    Still bouncing in that $28 - $30 range
     
  16. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    6,850
    Likes Received:
    1,917
    I've got an alert on this one when the price gets below $27.25. Will watch it closer at that point near the support level I have drawn in below.

    upload_2019-6-12_7-33-43.png
     
  17. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    6,850
    Likes Received:
    1,917
  18. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    6,850
    Likes Received:
    1,917
    Just hopped in at $26.505

    upload_2019-8-14_11-24-9.png
     
  19. Bodacious

    Bodacious Active Member

    Joined:
    Jul 6, 2019
    Messages:
    319
    Likes Received:
    229
    BAC it has dropped below the support #1 line ($26.44) and it is being offered at $26.32. I'm not certain how to read into that move?
     
  20. Kat

    Kat Member

    Joined:
    Mar 13, 2018
    Messages:
    68
    Likes Received:
    33
    Bank of America seems to be moving in the channel. There is no trend, all the lines of Ichimoku are intertwined. Yes, and so it is clear that the price is moving sideways. Stochastic barely touched level 20. I think we should buy cheaper. From the bottom of the canal at 26.00. The price will still update the minimum, and here on this roll down you can buy. Weekly
    1.png
     
    rg7803 likes this.

Share This Page