After bouncing off demand zone, Boeing 
BA has now reached its wedge resistance where it has been trending down for the past few months. I am now looking for a break above this wedge resistance aimed at $154.98 to reach a target of $161.27.
The $146 demand zone has seen a strong hold since the beginning of October. Before thatBA has been trailing down forming many ranges and creating a strong rising wedge on its weekly frame.
This analysis leads me to believe that we may see a potential short term trend reversal till its upcoming earnings schedule on the 23rd of October.
BA has now reached its wedge resistance where it has been trending down for the past few months. I am now looking for a break above this wedge resistance aimed at $154.98 to reach a target of $161.27.The $146 demand zone has seen a strong hold since the beginning of October. Before that
BA has been trailing down forming many ranges and creating a strong rising wedge on its weekly frame.This analysis leads me to believe that we may see a potential short term trend reversal till its upcoming earnings schedule on the 23rd of October.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.