Building further from my pitchfork analysis on BA earlier.
I think BA has potential to move above $300 this year. I expected the move during the earnings week, but last Friday's move down suggested buyers are still not in. If this continues, I expect BA will either keep moving upward along with lower end of the pitchfork I shared earlier -- OR-- a potential pullback to the 170-180 range (this could last until March) before a move upward. This is unlikely, in my opinion, but still a possibility to be prepared for.
BA's move from 16 March to 26 March 2020, set the price target for the last move up from 30 Oct to 9 Dec (yellow lines)/
If a similar downward move follows (blue lines) that would be the 170-180 low, before a wave up.
Trend channel still stays valid.
Good luck!
I think BA has potential to move above $300 this year. I expected the move during the earnings week, but last Friday's move down suggested buyers are still not in. If this continues, I expect BA will either keep moving upward along with lower end of the pitchfork I shared earlier -- OR-- a potential pullback to the 170-180 range (this could last until March) before a move upward. This is unlikely, in my opinion, but still a possibility to be prepared for.
BA's move from 16 March to 26 March 2020, set the price target for the last move up from 30 Oct to 9 Dec (yellow lines)/
If a similar downward move follows (blue lines) that would be the 170-180 low, before a wave up.
Trend channel still stays valid.
Good luck!