Three Levels of Support; 314.63, 292.5, 283.5
BA had its run to 400's but never made it back up. Furthermore, the price is breaking down lower towards August Low while other major name stocks are making all-time highs = It shows a strong selling pressure, no buyers showing up even during a bull market. The enthusiasm for the stock has died off. This selling is fueled by uncertainty and fear.
Intraday trades: Any move to the upside is a good swing for shorts. Unless unusual volumes of buyers can turn around the sail, I am using the above levels of support as a guideline for future trades.
The bigger picture: The breakdown of BA may be the lead indication of next year's correction, sales and growth slow down in the U.S. economy should not be overlooked.
Intraday trades: Any move to the upside is a good swing for shorts. Unless unusual volumes of buyers can turn around the sail, I am using the above levels of support as a guideline for future trades.
The bigger picture: The breakdown of BA may be the lead indication of next year's correction, sales and growth slow down in the U.S. economy should not be overlooked.
Nota
The news on successful landing disrupts the bearish sentiment; we might see a week of little movement
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.