BA has been trading within the red channel, however when a higher low was made it turned bullish forming a triangle outlined in the white solid line.
This was broken downwards first due to market risk, then recall + FAA inspection changes. However I believe at these levels, most of Boeing's bad news is now priced in and any future small positive announcements can lead to 20-30%+ upside.
New triangle outlined by the green dashed line using the august low, and revisiting the fib golden pocket zone. If BA can spring from here I am looking at 170 intra week target.
This was broken downwards first due to market risk, then recall + FAA inspection changes. However I believe at these levels, most of Boeing's bad news is now priced in and any future small positive announcements can lead to 20-30%+ upside.
New triangle outlined by the green dashed line using the august low, and revisiting the fib golden pocket zone. If BA can spring from here I am looking at 170 intra week target.
Nota
projected green dashed line held within 2.5% of price action, want to see a move by end of September latest
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.