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 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.
The $146 demand zone has seen a strong hold since the beginning of October. Before that
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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