BA has been my favourite short setup thus far. It just has not reacted at all to the index overshoot and done nothing over the last 2 weeks other than gap up with everything else.
I covered it in shorter term previous thread but in this thread I'm looking at targets.
BA is in a MAJOR bear market here and as titled in a previous thread it really has been dead since 2018.
All upward moves have been ultra corrective.
And since the top I think it will prove to be just 3 big waves down from 2018
BA has twice bounced through the 200 month MA and this time I think it will capitulate on through down to an eventual 1:1 @ $55.
Not advice.
I covered it in shorter term previous thread but in this thread I'm looking at targets.
BA is in a MAJOR bear market here and as titled in a previous thread it really has been dead since 2018.
All upward moves have been ultra corrective.
And since the top I think it will prove to be just 3 big waves down from 2018
BA has twice bounced through the 200 month MA and this time I think it will capitulate on through down to an eventual 1:1 @ $55.
Not advice.
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This was one of my favourite short setups, so little upside risk and now i am very short BA for long term hold. Going great 😸.
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Get the "heads up" at critical moments - don't lose your shirt.
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