BA has been in an uptrend lately leading many to buy into this gold rush. However the price action as of late is concerning and shows more tendency to the downside than a rally.
The price may fall to 166 or below with a bounce expected at 180.5
The price may fall to 166 or below with a bounce expected at 180.5
Comment:
BA has yet to see a green day since the day of this post and is now about halfway to the target. Based on the SPY price action today, we may see some sideways movement on SPY and likely more downside on BA.