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bkim91791
Oct 18, 2021 8:27 PM

$BA looking for a bounce Long

Boeing Company (The)NYSE

Description

BA has a good r/r currently. BA formed a hammer candle at the bottom of a micro downtrend. Price bounced off long term support. Price also reversed near the .382 fib retracement level. I expect the market going forward will correct through time, not price. Possibly see sector rotation (money flowing out of growth/tech and into cyclical's/reopening plays).
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