Sunday, August 09, 2020 6:42:33 PM
$BA | #Boeing Building Some Energy
BA retraced to the Fibonacci Golden pocket as predicted and has managed to stage
a relief rally off 12%,, which has found resistance
at the major .236 retracement level.
As a result it has managed to break from the downtrend.
The 20 & 50ma's are now resistance that needs to break.
Much depends now on regulatory news and Stimulus package support for the Airlines industry.
The media fails to focus on the huge order book that remains and they fact that all airlines are not broke.
$187 remains my short term target.
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