** The year ahead **
On the above 6 day chart price action has corrected over 50% since December 2023. A number of reasons now favour a long position, they include:
1. Price action and RSI resistance breakouts.
2. Support on past resistance.
3. Double bottom on price action (yellow arrows)
4. Falling wedge breakout confirmation with forecast to $300 area
5. The Majority of other traders are bearish. Remember, trading has a high fail rate. tradingview.com/symbols/NYSE-BA/ideas/?sort=recent
Is it possible price continues to correct as others suggest? For sure.
Is it probable? No.
Ww
Type: Trade
Risk: <= 6% of Aerospace & Defence
Return: 60% from current levels
Stop loss: Will say elsewhere
On the above 6 day chart price action has corrected over 50% since December 2023. A number of reasons now favour a long position, they include:
1. Price action and RSI resistance breakouts.
2. Support on past resistance.
3. Double bottom on price action (yellow arrows)
4. Falling wedge breakout confirmation with forecast to $300 area
5. The Majority of other traders are bearish. Remember, trading has a high fail rate. tradingview.com/symbols/NYSE-BA/ideas/?sort=recent
Is it possible price continues to correct as others suggest? For sure.
Is it probable? No.
Ww
Type: Trade
Risk: <= 6% of Aerospace & Defence
Return: 60% from current levels
Stop loss: Will say elsewhere
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
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.