Bank of America Does it Again: Heads Up for the 2nd Straight Day

The Hourly View for Bank of America

  • At the time of this writing, BAC’s price is up $0.09 (0.22%) from the hour prior.
  • The hourly chart shows that Bank of America has seen 2 straight up hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe.
  • The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Bank of America’s hourly price chart is shown below.

BAC

The Daily View for Bank of America

  • At the time of this writing, BAC’s price is up $0.23 (0.54%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Bank of America has now gone up 4 of the past 5 days.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Bank of America. Given that we see an uptrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Bank of America.

BAC

Featured Bank of America Commentary From Twitter

Good morning! Futures up!

$AFRM u/g Buy @ BAC

$BA u/g Outperform @ Cowen pt 290

$NIO u/g Buy @ Citi pt $58

$NIO deliveries falls 5.5% M/M on semiconductor shortage, up 95.3% Y/Y

$XPEV deliveries up 483% Y/Y on strong demand, up 10% M/MNA

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