BAC Support at Lows
Long idea.
BAC is a stock that has been negatively affected by the recent issues with regional bank stocks. While the bank seems fundamentally sound, I think there's an opportunity to go long for mean reversion.
Has been in a daily downtrend since the beginning of March and has hugged the 2sd 20D. However, price has stalled 26-28 and is seeing some high volume, implying big buying at these levels. A distribution has been built here at the lows, and R:R for long punt down here feels like risk is to the upside.
Buy targets are 27-28 / 26.
Profit targets are 29 / 30 / 31 / 33.
BAC is a stock that has been negatively affected by the recent issues with regional bank stocks. While the bank seems fundamentally sound, I think there's an opportunity to go long for mean reversion. Has been in a daily downtrend since the beginning of March and has hugged the 2sd 20D. However, price has stalled 26-28 and is seeing some high volume, implying big buying at these levels. A distribution has been built here at the lows, and R:R for long punt down here feels like risk is to the upside.
Buy targets are 27-28 / 26.
Profit targets are 29 / 30 / 31 / 33.
Not
Trade invalidated < 26.İşlem aktif
BAC 100 (Weeklys) 26 MAY 23 30 CALL around 6:35AM PDTNot
above is for 0.62İşlem aktif
Moving stop to BE @ 0.62 to derisk for CPI tomorrowNot
Currently up 30% @ 0.8İşlem elle kapatılmış
Out in full today. Trimmed 40% @ 0.9, 40% @ 1.2 and 20% at 1.01. Avg exit price = 1.04
Profit = 1.04 - 0.62 = +0.44 (+70%)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.