Traaaderz

BA short on the reversal

Short
NYSE:BA   Boeing Company (The)
Since reaching a yearly low before earnings, BA has gone on a rally increasing 15% in value. However it appears to be running out of steam as evidenced by the reversal off the daily Ichimoku Cloud Span B. Since it is still in a downtrend according to the red Ichimoku Cloud, it is likely the rally is merely a correction of the downtrend that started March 2019. The target is the 2019 low of 320.
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