BA spent the whole of 2014 in consolidation but now price has broken above the 2014 high and cleared the $150 half figure a new trend could be emerging.
BA has trended well in the past, for several months at a time, so presents a reasonable opportunity for the longer-term trader. After such an extended period of consolidation there is a high probability that price will move quite quickly to the upside. However, it may be worth holding off another few weeks to see how (or if) the trend develops.
BA has trended well in the past, for several months at a time, so presents a reasonable opportunity for the longer-term trader. After such an extended period of consolidation there is a high probability that price will move quite quickly to the upside. However, it may be worth holding off another few weeks to see how (or if) the trend develops.