BA Price to Watch

٢٥ يونيو ٢٠٢٠

BA has recently received a price target downgrade to 150 by Berenberg. By recently, I mean this morning. This, along with bearish sentiment, means we could be looking at another red day. Pay attention to how BA reacts to 165 support. It has had 3 encounters with this level - 2/3 encounters being complete rejection. It took an engulfing green candle to bypass this level in the first place. If we can see an engulfing red candle surpass 165 today I will take that as a major bearish indicator. Keep your eyes peeled