BA Analysis, closing wedge within long term down channel
BA has been trading within the red channel, however when a higher low was made it turned bullish forming a triangle outlined in the white solid line.
This was broken downwards first due to market risk, then recall + FAA inspection changes. However I believe at these levels, most of Boeing's bad news is now priced in and any future small positive announcements can lead to 20-30%+ upside.
New triangle outlined by the green dashed line using the august low, and revisiting the fib golden pocket zone. If BA can spring from here I am looking at 170 intra week target.
This was broken downwards first due to market risk, then recall + FAA inspection changes. However I believe at these levels, most of Boeing's bad news is now priced in and any future small positive announcements can lead to 20-30%+ upside.
New triangle outlined by the green dashed line using the august low, and revisiting the fib golden pocket zone. If BA can spring from here I am looking at 170 intra week target.
Note
projected green dashed line held within 2.5% of price action, want to see a move by end of September latest
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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.