Looking at the pitchfork, measuring the length of the uptrend move from May 2020 to June 2020, we can expect BA to touch over 300$ by early Feb.
Medium term Strategy:
Take a small entry at current price, setting a stop loss close to $197.
If dip validates at $197, I would average down with a second entry.
Long term hold Strategy:
Take a small entry at current price.
If support invalidates, wait for BA to retrace to the bottom of the Green channel. BA ha traded in Green channel fairly consistent before 2018 and is a good long-term hold at this price. Aviation is not dead -- BA (and AIR) are both leading or acquiring tech to make aircrafts more eco-friendly. BA will be worth a great deal with any hybrid engine tech emerging in the aviation space in coming years.
Medium term Strategy:
Take a small entry at current price, setting a stop loss close to $197.
If dip validates at $197, I would average down with a second entry.
Long term hold Strategy:
Take a small entry at current price.
If support invalidates, wait for BA to retrace to the bottom of the Green channel. BA ha traded in Green channel fairly consistent before 2018 and is a good long-term hold at this price. Aviation is not dead -- BA (and AIR) are both leading or acquiring tech to make aircrafts more eco-friendly. BA will be worth a great deal with any hybrid engine tech emerging in the aviation space in coming years.