BA on a daily chart is trading in the bottom portion of its intermediate-term trading range
having incurred a series of adverse news catalysts, FAA investigation and loss of trader
sentiment. It is now in the lower portion of the high volume area and below the POC line.
There are multiple touches of a horizontal support before and after a big earnings...
Who doesn't like the high-flying act? Sometimes, the proper rest is needed in order to soar even higher.
Shopify needs a deep pullback in order to draw in more trigger-scary investors who wait on the sideline.
Such parabolic movement is not sustainable with RSI hovers above 70 since early 2017 on the monthly timeframe.
Only one red bar in the last 14 monthly...
TVC:DAX dropped almost 700 points in one week, which is very sharp and impulsive decline. As we can see, decline was in five waves, which confirms trend reversals. So, we expect much lower prices and deeper pullback after minor three waves (A)-(B)-(C) correction. Currently trading in final wave (C), where upside can be limited around projected resistance...
