After a push higher BA has recently run out of steam and looks like its rolling over. The last few weeks has failed to follow through higher after the Bearish Engulfing Candle. Last week we saw a move down and a close below the 20MA. I expect a reaction higher, initially, and then we see a further move down to wards $200.
Note
#BA has continued to roll over nicely and now moved down to the BRN @ $200. Will this act as support and bounce? Or will overall sentiment allow it to continue lower? This level is a major inflection point, so I will monitor price closely.Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
