Failed reversal on top of missed earnings
Updated
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.
Note
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.Note
Triple inside days forming. Explosive move either side. Personally want a leg down back to 188 to form a head and shoulders
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.