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$Bank of America (BAC.US)$ Is BAC a good buy now? What is th...
Is BAC a good buy now?
What is the support level?
What is the fair value?
Can someone advise me?
Thanks.
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71483147 : I just bought a few
DiMarcoTrades : BAC has been on an uptrend in the macro for quite some time. Current major support level is $30. But the uptrend might be too strong for it to get that low. If you are bullish $31.85 would be a perfect DCA point on the trend. A fair value price right now is $35. A discount would be getting it around $30-31. A premium price would be $38. Hope this helps :)
brave Wombat_9978 : totally agreed , major factor is group investors they tried to find the way to get more benefit and best interest rate at bond market. and so they sold a lot of shares in the market