$BA - channel break out watchWhat a month! It basically reshaped the chart. BA is in descending channel and heading towards the upper trend line. Breaking above the $220 will confirm the pattern break out and could propel the stock towards $260.
Target 1 - $220
Target 2 - $242
Target 3 - $260
Risk - Rejection from $220
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.