Possible bounce areas for BA
BA has fallen from the sky, looking for a safe landing spot. I have marked 2 possible zones where BA could get some relief. First zone (red) i see as weak support, possibly causing price to retest the .786 fib ($314) then back down. Second zone (green) i see as very strong support, which i expect a strong rebound to happen. Landing in the green box provides .618 fib support ($268) and the 50 week moving average. This also lines up very well with my pitchfork which helped me identify the top of BA.
Related publications
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.