BA short

23 thg 8, 2020

BA has been having troubles with their business from airlines not purchasing more aircraft, planes being grounded, and lawsuits from the 737 MAX failure. If the 167.50 support line is broken looking at price target of around 153.50 as a safe exit. PT 2 is achievable but also looks like a very heavy supply zone for this security. If PT 3 is close to being achieved then it's time to evaluate another trade on BA

PT 1: 153.50 (~2 weeks)
PT 2: 143.43
PT 3: 124.15 below support