OnlyFibs
Nov 15, 2:50 AM
$BAC | HIGH-VOLUME WEEKLY BUY ZONE &
$50 DEMAND FLOOR 🏦💰
🏢 Company Overview: Premier U.S. financial institution driving elite capital returns, ROTCE stability (16%+), and expanding Wealth Management inflows (
$38B net client flows).
🔎 Volume & Weekly Chart Setup: Following post-earnings profit-taking off the
$65.23 highs, selling pressure has compressed right into the thickest horizontal Volume Profile node on the 1W chart (
$47.50–
$53.50 Weekly Buy Zone), stabilizing at
$51.02. buyers are aggressively defending the
$47.50–
$50.00 floor above the multi-year rising trendline (
$40.83). Reclaiming
$53.50–
$55.00 confirms weekly support and opens the air pocket toward
$57.50 and
$63.00! 📈🔥
🎯 Key Levels to Confirm:
• Bulls: Must hold
$47.50–
$50.00 Weekly Zone & clear
$53.50 pivot ➡️ Targets:
$57.50 /
$63.00 Consensus! 🚀
• Bears: Need a clean weekly breakdown under
$47.50 (
$46.12 prior low) for downside continuation toward the
$40.83 macro trendline ⚠️.
#hovdid
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