Unbiased view on BA. given the current market condition. Bullish: If it holds well above 235 and the demand zone at 243-245 is supplied with good volume, we are possibly looking at the 280-290 range on the upside. Bearish: This could be a good distribution after a full-wave. This Will confirm if the 235-238 resistance is rejected hard. There is also a Broadening...
We had an early reversal and now looking at 55000 to 56000 in the next couple of days. Also, RSI agrees with me(bullish divergence) I guess. ;-P :-D
Short term View. Can scale in around 273. At least 3-4 Months. Play Invalidate if we lose Jack Again. Hope that creature stays in limelight.
- saw really up and consolation from 5-20 Nov and sideways til 8 Jan - Observe if the fib levels hold up. - Might Go Side ways, watch out for overall market condition. - Good Support on 50EMA - 4H time frame
Daily/weekly >>1/12 - Flag and poll on daily, - Saw a good rally from 5-20 nov on upside. - going sideways/consolidating after the rally - watch for high lows form up and down side target. Intraday >>1/12 - good up move from 6 jan to 8 jan - 8948 50% Retracement form 6-8 jan rally. - 9024 38.2 % Retracement - acting as a resistance. - 8768.5 is 78.6%...
Daily Weekly >> 1/12 - Lot of room upside, all time high = 828.80 - in Uptrend lately - Consolidate in the month of December broke out on Jan 5. Intraday >>1/12 - if it takes out 685.10 can move up. good room to fill. - look out for minor consolidation on hourly basis. - if drops below 649 which was the retracement(38%) low after the rally up, go short.