I've been out of BA since $235 and for good reason. Major fibs are being broken and the trend line fail as well. In addition, you can see how the oscillators are converging to the downside... I see $180 as the price target. Not shorting... Personally, I am waiting for entry.
I've linked my past Boeing ideas (bull & bear; right or wrong) to give context to my thoughts now.
More likely to next fib level .5 ,gap fill at 160 is possible
ktaba
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As I wrote in my previous post…It held the Jan 27th low, much like most of the airlines, to the penny. I added to all my travel sectors the other day, If it can hold, then I am bullish. Most of Wall St were out on vacation, so the bears won and the selling were exasperated because of that. I am staying long.