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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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.