Good retest of previous break out area which is now support $245. I expect 
BA to make a run up to the median of the pitchfork level again soon.
Using fibonacci lvls we can see key resistance as pointed out in the graph.BA is know to move big in a short time period and April is historically BA best month
Possible Upcoming Catalysts:
C1 - Southwest order rumored to be very big
C2 - FAA inspection of 787 approved andBA can resume deliveries ✅ (BA resume deliveries of 787 Friday 26)
C3 - Report second consecutive month of a net positive orders to cancellations figure in second Tuesday of April
C4 - Re-Opening trade still has more room to go especially Boeing who has been lagging among industrials
C5 - Biggest and least likely imo would be for China to end the ban of the 737 Max = the Chinese are huge buyers
BA to make a run up to the median of the pitchfork level again soon.Using fibonacci lvls we can see key resistance as pointed out in the graph.
BA is know to move big in a short time period and April is historically BA best month Possible Upcoming Catalysts:
C1 - Southwest order rumored to be very big
C2 - FAA inspection of 787 approved and
BA can resume deliveries ✅ (BA resume deliveries of 787 Friday 26)C3 - Report second consecutive month of a net positive orders to cancellations figure in second Tuesday of April
C4 - Re-Opening trade still has more room to go especially Boeing who has been lagging among industrials
C5 - Biggest and least likely imo would be for China to end the ban of the 737 Max = the Chinese are huge buyers
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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.