BA looks like it can drop down to fill the gap below with the news. Under next support which is 190 this stock looks very weak. Even though this play looks good, there are 2 things that can happen, the government says that we go into a lock down or they say the new virus has little to no side effects and the stock shoots up. The fundamentals are there but in some situations like this and especially on a bigger time frame you have to thing about Other variables you can't see from the chart.
Not going that low at all. Two many positive things going for it. Minus what happens with the variant. This will rip up very soon once we realize that the new variant is not a cause for concern. Max approval in China, new orders, approval of the 787, nationalized, duopoly, people want and need to travel, tired of Covid and being cooped up, TSA numbers 90% of 2019 levels. This variant will not be the last, and we have learned to live with it. Currently, Wall st needed reasons to take chips off the table, book profits, book losses, fed tapering, increase taxes next year, potential slowing/recession. Santa clause rally still in-effect. In one to two weeks, this and all related travel will rip up soon. Stay long, you’ll never see these prices again in a life time!!!