Deciding moment for BA
Will BA follow the market or will this be a bull in a selling market? Everything is pulling back right now, which is expected considering the strong rally. BA however, considering everything going down more than 3%, went down only .80%. BA still held critical levels. it back tested the downtrend it broke out of and wicked off the upper channel, also 5 SMA (yellow) is above 9 SMA now (purple) and now the 9 SMA is working to get above the 20 MA (Orange). BA also bounced off the 50 SMA very beautifully so there are definitely some buyers in BA. tomorrow will be the defining moment if BA decides to start moving toward the upside or if this is just another bull trap.
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