Failed reversal on top of missed earnings
BA was set up for a nice run after placing a double bottom in at 188. Rejected from the 200 day, showing signs of breaking down now. Expecting a possible bounce to 200 from here, but keep an eye for a stronger downside move.
Nota
Bounced as expected of the trendline support and hammer formation. 212 is the main resistance to watch; If cant push further, will still look weak.Nota
Triple inside days forming. Explosive move either side. Personally want a leg down back to 188 to form a head and shoulders
Penafian
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