Bank of America (BAC) Elliott Wave Bullish Sequence Strongly Supports Upside Outlook-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Bank of America (BAC) Elliott Wave Bullish Sequence Strongly Supports Upside Outlook

Elliottwave_Forecast
06-23 21:37

Bank of America (BAC) has advanced to a new all‑time high, surpassing the January 5, 2026 peak at $57.55. This decisive breakout confirms the strength of the ongoing trend and highlights an incomplete bullish sequence from the April 2025 and March 2026 lows. The broader structure continues to favor the bullish view, reinforcing expectations for further upside momentum.

From the May 15, 2026 low, the rally is unfolding as a five‑wave impulse. Wave ((i)) concluded at $52.50, followed by a corrective pullback in wave ((ii)) that ended at $50.60. The advance in wave ((iii)) carried the stock to $57.98, as reflected in the intraday chart. Subsequently, wave ((iv)) unfolded as a zigzag correction and is proposed complete at $56.03. With that correction finished, the stock has resumed its upward trajectory.

As long as the pivot at $50.60 remains intact, dips should continue to find support in either three or seven swings. This behavior suggests that corrective moves will likely attract buyers and sustain the upward bias. The short‑term target can be projected using the 100%–161.8% Fibonacci extension from the March 19, 2026 low. That calculation produces a potential zone between $58.57 and $64.31. The alignment of the Elliott Wave structure with Fibonacci levels strengthens the bullish case and points to continued demand for Bank of America shares.

Bank of America (BAC) 45-Minute Elliott Wave Chart

BAC Elliott Wave Video:

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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WR38
·06-23 22:56
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