Is BA Boening ready ?

AwesomeAvani Updated   
BATS:BA   Boeing Company (The)
On the daily chart BA had big trend up for November and December but then fell with news

of issues the the Max model which further developed into an FAA inquiry. In the meanwhile

Thailand and India based airlines contracted for more jets and an earnings report beat both

lines especially earnings. It would seem forward earnings are fortified by those new contracts.

The chart shows price currently sitting at the support of the bottom of the high-volume

area of the volume profile and just under the nearby POC line. In confluence, it has been in

consolidation at a Fibonacci level. I consider that BA has been accumulating within a narrow

range and is now well situated for another leg up. The last trend up was about 50% over 2

months. I will take a long trade here anticipating a similar move sometime soon. Targets

are 230 and 250 with call options for August or September also under consideration.
Sideways action for now. Holding and patient.

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