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nirmalc83

BA Short

Short
Boeing Company (The) (NYSE:BA)  
nirmalc83 Updated   
NYSE:BA   Boeing Company (The)
Trend Analysis Chart Patterns BA Bearish Patterns invertedcup
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trendanalysis chartpattern ba bearish invertedcup
Short below 319. If gaps down, wait for retest on a moving average or 319 level. Target based on height of the inverted cup is ~270 (also 200 day MA is around that level). But 300 is good support below.

Initial target is 300, if that doesnt hold, 270 next.
Comment:
BA had a intra day bullish push towards 330 today (strong 10 point move). Finally got caught in market weakness and closed around 321 (still green for the day).

Short idea not triggered yet. Watching closely. Relative strength in this strong makes me thing 319 trigger might not break downwards. Lets see.
Comment:
Crazy market. Engulfed past 2 days of bullishness. Waiting for 320 break for downside action.
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