BA Weekly candle printed a hanging man at current channel resistance. This allows for short entry right now with an extremely tight stop loss of 369.5, only 1.5% loss. Minimum profit target would be 320 area around the 125 moving average, so just over 12% gain minimum. That computes to around 8:1 in favor of reward in this scenario. I like options in this case...
BA I believe is gonna have a hard time moving up through multiple resistance areas. As seen in previous post (linked) BA printed a bearish reversal sign candle in the Gravestone Doji. In trading this candle, the sell signal is the price closing below the LOD for the doji, which occurred today. Backing out a bit, you can see the loss of an uptrend support line,...
