PrimaTrader

BA Weekly Chart Analysis

Long
NYSE:BA   Boeing Company (The)
I can see that $BA has a strong momentum upwards. However, there is a process that it has to go through to unlock the $300 level. This is a weekly chart that represents the major areas that we need to be aware of. The confluence of the 200 MA & Major key resistances at $287.75 in the weekly is saying something about the possibility of a pullback before it goes up to meet with Fib 0.618 that also a possible reason for a major pullback because it concourse with the Major Resistances on the left of the chart.
Comment:
So far BA is dangling in that area of support. In a few months, there is a possibility for it to up and pass through $300. A good volume and positive news will help.

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.