dmamaril

BA - Fill The Gap

Short
NYSE:BA   Boeing Company (The)
$BA for the most part has been trading in a range, but it's also started to form lower highs. Keeping my eyes on $BA as we approach the critical support level at $123.50 which it has now defended 3x. A break on that support level will trigger my entries for a conservative 1:3.5 risk/reward and upwards to a 1:5 return. A break on the descending triangle kills this thesis, however, considering the state of our economy, I'm slightly biased on the short side.
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