BAC – Building the Base for a Breakout?

22 Nis

Bank of America (BAC) has been consolidating quietly, attracting attention as it sits near a key mid-range level. With a 52-week low of $33.06 and a 52-week high of $48.08, the stock currently trades around $36.92 – roughly 11% above its low and 23% below its high.

This setup could be the calm before the move.

💥 Technical Outlook & Strategy
With financials holding steady and macro headwinds softening, BAC might offer a solid swing trade or medium-term positioning opportunity.

📌 Entry Points to Watch

$36.90 – Market price, if volume picks up near support

$33.30 – Prior breakout area and potential pullback support

$30.50 – Strong support and near the 52-week low for aggressive buyers

🎯 Target Levels

$39.80 – Short-term resistance; previous rejection zone

$43.50 – Fib retracement from the high, medium-term target

$47.50–48.00 – 52-week high retest, bullish scenario

🧠 Narrative to Watch
With potential Fed pauses on rate hikes, improving margins, and relative stability in U.S. banks, BAC could be positioning for a slow grind higher. Watch for earnings momentum and bond yield trends.

⚠️ Disclaimer
This analysis is for informational and educational purposes only and does not constitute financial advice. Always do your own research or consult with a licensed financial advisor before making trading decisions.

11 May

İşlem aktif

$36.90 First target reached

12 May

Not

I meant 39.80, we're almost at target 2, you can make some profit.

14 May

Not

$43.50 REACHED