BA to 285 in the next 30-45 days. A lot of stocks and even some heavily affected ones are already back at their pre-pandemic levels while BA has been lagging down 31% compared to the dow since NOV 2019 IT IS A RE-Opening trade as well as it has been lagging compared to its peers. Key resistance at $234-$236 if it breaks it can run a lot!
Trade active
Broke resistance levels at $234 and $242 and we saw it gap up to the $250s as planned. Now expect a big move over the next 2-3 weeks as I believe it will lead the dow to new record highs as a last push of the re-opening trade and the industrials, airlines, cruise lines will continue to lead the market in the short term before handing the baton to tech again
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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.