Just wanted to provide an update to the overall picture of BA... stimulus or no stimulus today, does not really matter as it will happen soon (as of this writing, it appears they have come to an agreement so I expect the 219.85 level to hold and see a re-test of the 244.08 level)
On the short term (4HR chart to the left). We are currently sitting right above .236 Fib retracement level of 219.85 in a downwards channel and could see a pop from here. If this level breaks, we could see 204.86 level. DTI Levels (bottom) show Bears have taken control (short term) but show signs of exhaustion towards the end of the day Friday. MFI is oversold sitting at 27.31.
Longer Term (1-Day) - Bulls are still in control and watching for any DTI crossing for confirmation. If we see a break of the downward channel, we can see a re-test of the 244.08 level and a break of that will give us a break towards 339.77. MFI still relatively low at 38.16 on the daily but is overbought on the weekly sitting at 80.
Key Levels to the downside:
219.85
210.94
204.86
Levels to the upside:
244.08
339.77
On the short term (4HR chart to the left). We are currently sitting right above .236 Fib retracement level of 219.85 in a downwards channel and could see a pop from here. If this level breaks, we could see 204.86 level. DTI Levels (bottom) show Bears have taken control (short term) but show signs of exhaustion towards the end of the day Friday. MFI is oversold sitting at 27.31.
Longer Term (1-Day) - Bulls are still in control and watching for any DTI crossing for confirmation. If we see a break of the downward channel, we can see a re-test of the 244.08 level and a break of that will give us a break towards 339.77. MFI still relatively low at 38.16 on the daily but is overbought on the weekly sitting at 80.
Key Levels to the downside:
219.85
210.94
204.86
Levels to the upside:
244.08
339.77
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.