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Learn to Evaluate Bank Of America Corp (BAC) using the Charts

When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Bank Of America Corp (NYSE: BAC) report below can help you understand how to do this. The trading plans for BAC, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for BAC
  • Buy BAC slightly over 43.31 target 46.66 stop loss @ 43.18 Details
  • The technical summary data tells us to buy BAC near 43.31 with an upside target of 46.66. This data also tells us to set a stop loss @ 43.18 to protect against excessive loss in case the stock begins to move against the trade. 43.31 is the first level of support below 44.95 , and by rule, any test of support is a buy signal. In this case, support 43.31 would be being tested, so a buy signal would exist.

  • Short BAC under 46.66, target 43.31, stop loss @ 46.79 Details
  • The technical summary data is suggesting a short of BAC as it gets near 46.66 with a downside target of 43.31. We should have a stop loss in place at 46.79though. 46.66 is the first level of resistance above 44.95, and by rule, any test of resistance is a short signal. In this case, if resistance 46.66 is being tested, so a short signal would exist.

Swing Trading Plans for BAC
  • Buy BAC slightly over 45.95, target 46.66, Stop Loss @ 45.82 Details
  • If 45.95 begins to break higher, the technical summary data tells us to buy BAC just slightly over 45.95, with an upside target of 46.66. The data also tells us to set a stop loss @ 45.82 in case the stock turns against the trade. 45.95 is the first level of resistance above 44.95, and by rule, any break above resistance is a buy signal. In this case, 45.95, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short BAC near 45.95, target 44.10, Stop Loss @ 46.08. Details
  • The technical summary data is suggesting a short of BAC if it tests 45.95 with a downside target of 44.10. We should have a stop loss in place at 46.08 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 45.95, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for BAC
  • Buy BAC slightly over 45.10, target 45.95, Stop Loss @ 44.99 Details
  • If 45.10 begins to break higher, the technical summary data tells us to buy BAC just slightly over 45.10, with an upside target of 45.95. The data also tells us to set a stop loss @ 44.99 in case the stock turns against the trade. 45.10 is the first level of resistance above 44.95, and by rule, any break above resistance is a buy signal. In this case, 45.10, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short BAC near 45.10, target 44.10, Stop Loss @ 45.21. Details
  • The technical summary data is suggesting a short of BAC if it tests 45.10 with a downside target of 44.10. We should have a stop loss in place at 45.21 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 45.10, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

BAC Ratings for December 03:

Term →Near Mid Long
Rating Weak Neutral Strong
P1 0 0 43.31
P2 43.58 44.10 46.66
P3 45.10 45.95 49.98
Triggers may have already come
Support and Resistance Plot Chart for BAC

BAC Long Term Analysis for December 3 2021

Blue = Current Price
Red= Resistance
Green = Support

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