BAC's $1.2 billion money-laundering fine is not a major event and should not hurt its business going forward, since that sum is not huge for a bank making nearly that much every month, and the bank only has to be more careful. However, BAC missed on earnings and the stock fell, piercing $50.

Bank of America coming down. Look at this drop on BAC. Yikes. So yesterday after hours the stock fell after they were fined and that occurred right here. They were fined by the uh the governing bodies essentially the regulators $1.2 billion for essentially looking the other way on potential money laundering stuff. So really stuff that's not great.

Um and likewise I don't think it's a big event for BAC. Now it's horrible that they're not being more careful but at the same time $1.2 2 billion is not massive when you have a bank making that basically almost every month, right?

Um in addition, it's not hurting their business going forward. They just have to be more careful. But their earnings, they missed on their earnings numbers. And what we're seeing here is the stock when they reported earnings this morning, look at the drop in this stock coming down, piercing $50.

Now, if we look at the daily chart, where do we see some technical support? There's an a phenomenal level coming up for a day trade at around 49.50. This level is a should be and I should I say should because we don't know for sure but technically speaking this would be a good level for a potential day trade.

What about as a swing trade? Where would I like it as a swing trade? I would probably wait for a resumption to down maybe to about $45 down here as a little bit of a swing trade. So what a drop on BAC Bank of America.