Oct 16, 2021 (Stock Traders Daily via COMTEX) -- Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Bank Of America Corp /zigman2/quotes/200894270/composite BAC +1.27% with integrated risk controls.
The trading plans were valid at the time this was published, but the support and resistance levels for BAC change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports
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Use the basic rules of Technical Analysis. Here are some examples: if BAC is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.
This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for BAC too. All of these are offered here: Access our Real Time Trading Plans
Buy BAC over 44.76 target 48.32 stop loss @ 44.63
Short BAC under 48.32, target 44.76, stop loss @ 48.46
Buy BAC over 48.32, target n/a, Stop Loss @ 48.18
Short BAC near 48.32, target 45.78, Stop Loss @ 48.46.
Buy BAC over 48.32, target n/a, Stop Loss @ 48.21
Short BAC near 48.32, target 46.34, Stop Loss @ 48.43.
BAC Technical Summary | Raw Data for the Trading Plans
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