On the 65m, candles are well over the Ichimoku cloud. We currently are on our way up after bouncing from the lower channel. With most tech falling these past weeks, BA has shown lots of relative strength and has managed to maintain its channel. imo very bullish. On the higher time frames 4HR, D and 3D are also over the clouds. Well positioned to do better near term compared to a lot of growth stocks that have started to fall under the Ichimoku cloud on their daily charts ($SE, $DDOG, $PTON, $CHWY, ETC).
It's a reopening play. BA is still undervalued compared to high growth stocks that are many multiples over. TNX going up will bring the whole market down, but at least with BA you stand a fighting chance.
Conservative price target for next week 233, then 240.
Easy money!
It's a reopening play. BA is still undervalued compared to high growth stocks that are many multiples over. TNX going up will bring the whole market down, but at least with BA you stand a fighting chance.
Conservative price target for next week 233, then 240.
Easy money!
Trade closed: target reached:
PT hit!
Closed the week at 261.10.
Closed the week at 261.10.