Barely Bullish
Unbiased view on BA. given the current market condition.
Bullish: If it holds well above 235 and the demand zone at 243-245 is supplied with good volume, we are possibly looking at the 280-290 range on the upside.
Bearish: This could be a good distribution after a full-wave. This Will confirm if the 235-238 resistance is rejected hard. There is also a Broadening Ascending Wedge here(a sign of short-term Breakdown).
Also, have tried to count waves on BA since the 1980s (just supercycles). Counter opinions always appreciated.
:-)
Bullish: If it holds well above 235 and the demand zone at 243-245 is supplied with good volume, we are possibly looking at the 280-290 range on the upside.
Bearish: This could be a good distribution after a full-wave. This Will confirm if the 235-238 resistance is rejected hard. There is also a Broadening Ascending Wedge here(a sign of short-term Breakdown).
Also, have tried to count waves on BA since the 1980s (just supercycles). Counter opinions always appreciated.
:-)
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