This seems a plausible optimistic hypothesis for BA, a retracement to its longer-term support.
A consensus explanation for why BA is crashing isn't clear to me, other than fears of a trade war. But some are skeptical of that explanation. A simpler explanation is, look at the strong parabolic movement starting on Jan 4, 2018, the same movement seen across the market. Its magnitude of trend-deviation cries out for a retracement to trend. Right at the new year an exuberance of optimism raised prices across the market, so BA's drop may be a retracement to prior optimism hastened by fears of a trade war, etc.
A consensus explanation for why BA is crashing isn't clear to me, other than fears of a trade war. But some are skeptical of that explanation. A simpler explanation is, look at the strong parabolic movement starting on Jan 4, 2018, the same movement seen across the market. Its magnitude of trend-deviation cries out for a retracement to trend. Right at the new year an exuberance of optimism raised prices across the market, so BA's drop may be a retracement to prior optimism hastened by fears of a trade war, etc.
Note
We can see similar shark-fin upward-parabolic surges (micro-bubbles) followed by retracements back to long-term support...Bulls keep trying to smash through even the yielding resistance along a bull-run slope, but bears keep pounding them back to trend, and on and on...
Note
Nailed it...
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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.