BA clears $150

BA spent the whole of 2014 in consolidation but now price has broken above the 2014 high and cleared the $150 half figure a new trend could be emerging.

BA has trended well in the past, for several months at a time, so presents a reasonable opportunity for the longer-term trader. After such an extended period of consolidation there is a high probability that price will move quite quickly to the upside. However, it may be worth holding off another few weeks to see how (or if) the trend develops.