Will History Repeat itself?
There is an incredible long term Channel in place in BA's stock, supported by some historical recession RSI levels. I am wanting a shot at the lower trend line but if the macro trend shows reversal with a higher low higher high scenario i will be willing to play the stock long but keeping a close eye for an exit and re entry closer towards 80. Side note 100$ price level holds a key $ value along with a previous resistance area turned support.
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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.