From top to bottom, Elliot %50 can be seen as DJI is there. However, flight industry seem not to recover any soon. I think it will take 3-5 years to recover considering passenger numbers compared to 2019. Pure technically speaking, the wedge getting tighten and RSI is just hanging, I can see positive mismatch & flag formation can hit to 200$. I checked, top to bottom Fib, bottom to wedge's top Fib and checked Fib extension with Elliot Wave. C is the Bat formation's end.
So overall 200$ price target is possible. But in the long - run I think hard times yet to come for airline industry. BA is a big company do not forget.
-- Not an investment advice, educational purpose only.
So overall 200$ price target is possible. But in the long - run I think hard times yet to come for airline industry. BA is a big company do not forget.
-- Not an investment advice, educational purpose only.