Boeing Company (The)Short
BA may experience more downside after resisted by 50% Fibo
Since October 2023, BA experienced a positive trend, reaching the 50% Fibonacci resistance level on the weekly chart. Last week, the Relative Strength Index (RSI) indicated oversold conditions, showing a downward turn.
However, the recent news of the FAA grounding over 170 Boeing 737 Max 9s, following an incident where a section of an Alaska Airlines plane blew out, could potentially amplify the downside for BA in the upcoming weeks. Caution is advised.
Key levels to watch:
Resistance: $273
Support: $231 / $200
However, the recent news of the FAA grounding over 170 Boeing 737 Max 9s, following an incident where a section of an Alaska Airlines plane blew out, could potentially amplify the downside for BA in the upcoming weeks. Caution is advised.
Key levels to watch:
Resistance: $273
Support: $231 / $200
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.