BA - Next Stop $55 ⚰️

١٢ أغسطس ٢٠٢٢

BA has been my favourite short setup thus far. It just has not reacted at all to the index overshoot and done nothing over the last 2 weeks other than gap up with everything else.

I covered it in shorter term previous thread but in this thread I'm looking at targets.

BA is in a MAJOR bear market here and as titled in a previous thread it really has been dead since 2018.

All upward moves have been ultra corrective.

And since the top I think it will prove to be just 3 big waves down from 2018

BA has twice bounced through the 200 month MA and this time I think it will capitulate on through down to an eventual 1:1 @ $55.

Not advice.

١ سبتمبر ٢٠٢٢

ملاحظة

This was one of my favourite short setups, so little upside risk and now i am very short BA for long term hold. Going great 😸.