whackitall

whackitall

Both weekly and daily timeframes in synch.

whackitall

and there we go - Right at the support line. Expect more selling tomorrow and next week.

whackitall

So far within the channel, especially with its ER approaching. However, once it loses key support levels, it's a long way down at a value.

whackitall

#BA nearing various SMAs and EMA 50.

whackitall

.. if there is continuation. Otherwise, watch the resistance levels acting as support. (no position)

whackitall

Purple lines as support, orange lines as resistance.

whackitall

Just waiting for confirmation/continuation.

whackitall

2 support-acting resistance levels to watch out for, post-ER.

whackitall

.. model example of a capitulated stock (at least for the time being).

whackitall

So the day ended with #BA sitting very close to what used to be the resistance line (it's now working as support for now). If a sell-off starts tomorrow (which most likely will happen due to option expiry and being a Friday as well other noise), #BA can see itself go down back to 351, which may complete Elliott-Wave #4, before heading back up. Still LONG on it,...

whackitall

#BA working and trying to get past that resistance area. Blow past that, and it can hit up to the next one easily (~363). Otherwise, failure back.

whackitall

weekly-resistance. Probably a long, if it doesn't FBR.

whackitall

It might pull back every now and then but it's certainly on track to do ATHs again (2 weeks?)

whackitall

downtrend on the weekly (orange). blue-dashed line is the monthly support.

whackitall

.. if #VRTX continues, it is most likely going to pull the other #IBB components up and invalidate my short-observation on IBB. #VRTX just beginning its movement back up.

whackitall

Remember #DIS when it fell all the way from 116 to 89 last year. This is doing a sorta similar behavior. Chart above showing the various resistance lines. Being a slow mover, don't expect surges (unless something significant happens).

whackitall

It's trending up nicely..

whackitall

It's already broken through its previous highs, and there is still room for more upside. Higher TFs support upside movement as well.