Uh oh, BA is seemingly experiencing some troubles with take off.
Coming in a bit hot on its landing back down to earth.
Finally breaking down from this distribution like top its been doing and it seems like it will continue to pull back.
To what extent, not sure, but as of right now, the ranges to watch for next week are in the chart along with the corresponding probability.
Probability is displayed cumulatively as, of course, no identical dates.
BA lost a whopping 6% this past week and is riding pretty oversold on stochastics, but not so much on RSI.
Despite this, probability model thinks a continuation down is the most likely situation here. We also have a bearish reference target.
Just thoughts, not advice!
Safe trades.
Coming in a bit hot on its landing back down to earth.
Finally breaking down from this distribution like top its been doing and it seems like it will continue to pull back.
To what extent, not sure, but as of right now, the ranges to watch for next week are in the chart along with the corresponding probability.
Probability is displayed cumulatively as, of course, no identical dates.
BA lost a whopping 6% this past week and is riding pretty oversold on stochastics, but not so much on RSI.
Despite this, probability model thinks a continuation down is the most likely situation here. We also have a bearish reference target.
Just thoughts, not advice!
Safe trades.
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