BA Bull pennant or fake out

11 Jul 2023

Right now looking at a daily bull pennant on BA top of 219 or bottom below 196. If we zoom out to to larger time frame we are still in a slightly bearish flow. A third retest of the high (original and one already) will confirm direction.

Worse case senario we stay within this range for a while depending on future sales of BA airplanes.

17 Jul 2023

Nota

We have another rejection of the 219-220 level, waiting to see if this is not a stop loss catch below the 210 mark before another rise. Data this week might change the course. (Consumer spending, etc.)