Seller's remorse
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Stock Of The Day: Support For Bank of America?
Benzinga· 2026-01-14 15:27
Core Viewpoint - Bank of America Corporation (NYSE:BAC) is experiencing a decline in share price despite beating earnings estimates, leading analysts to consider it a potential buying opportunity [1]. Price Dynamics - In bull markets, traders often experience seller's remorse, leading them to repurchase shares when prices drop back to their previous selling levels [2]. - This behavior can transform resistance levels into support levels, as seen in the Bank of America stock chart [2]. Historical Price Levels - In May 2025, Bank of America faced resistance at a certain price level, followed by a selloff [4]. - The resistance was broken in June 2025, prompting remorseful sellers to buy back shares when the price fell to approximately $44.50 in August 2025, converting resistance into support [5]. - A similar pattern occurred around the $48.50 level, where it transitioned from resistance in July to support in October [6]. Current Market Situation - Recently, levels around $53.90 served as resistance in November but were broken in December [6]. - Following the earnings release, shares have retraced to this former resistance level, which is currently acting as support [7]. - If this support holds, it may present a buying opportunity similar to previous instances in August and October [8].
Stock Of The Day: Is The Chevron Rally About To End?
Benzinga· 2026-01-05 17:58
Group 1 - Chevron Corp shares are trading higher due to investor optimism regarding future prospects in Venezuela following the ousting of President Nicolás Maduro [1] - The stock is showing exceptional strength, but there is a possibility that the rally may pause or stall around the $169 level [2] - Emotional factors can influence stock movements, as seen in Chevron's price chart [3] Group 2 - Support levels for Chevron were observed around $135 in April and May, where many investors who sold at this level later regretted their decision [5][6] - The concept of seller's remorse has led to a concentration of buy orders at the $135 level, creating renewed support [6] - Resistance may form around the $169 level, as many investors who bought shares there are now experiencing buyer's remorse and may place sell orders if the price returns to this level [7][8]