I've been trading for 5 months. I am by no means an expert so please don't solely go off my advice or my actions. I have been keeping a log for quite some time on Tradingview but i have just now decided to go public. If you can help me at all and have any thoughts on my stock actions please feel free to leave comments.
BA has had a massive rise the past year and a half and then consolidated around jan2018. It has been regaining its strength for around 8 months and is ready to make another move. The 200dayMA is stiil supporting the move and its showing good signs as it just broke out of the 375 resistance line. I believe it will continue on the rise over a few months. I am waiting to see if it touches my support trend line or if it decides to test 375 as a new support instead of resistance. I plan to buy in if it bounces off either one and takes a pop with strong volume. I'll keep you updated
BA has had a massive rise the past year and a half and then consolidated around jan2018. It has been regaining its strength for around 8 months and is ready to make another move. The 200dayMA is stiil supporting the move and its showing good signs as it just broke out of the 375 resistance line. I believe it will continue on the rise over a few months. I am waiting to see if it touches my support trend line or if it decides to test 375 as a new support instead of resistance. I plan to buy in if it bounces off either one and takes a pop with strong volume. I'll keep you updated
Comment:
So BA has actually came back to my resistance line of 355 because of the massive market drop recently. Right now is a time that i am going to think about buying the stock. We already have a significantly less amount of selling today but I would like to see a pop in volume on the buying side. It has reached closer to the 200dayMA so if it is a strong stock we should see a pinch very soon on BA. It is just hard to tell right now because the market took a drop and i cant tell where the market is going.