$BA
Added 2025-04-21 10:18:11 +0000 UTC$BA reports before the market opens on Weds.
China announced this week that they have halted any Chinese Carriers from receiving any Boeing aircraft last week, this will likely play a big part on their earnings and this was done strategically by China, knowing they have their earnings this week and a big employer in the US too.
$BA also falls into the category of a legacy sector leader that is down heavily from a cycle that originated from the GFC in 2009.
Which means, once support does come, it should be strongly considered as a long term hold.
Price is still in the ascending triangle but has been struggling to hold the bottom level at $146.
If this level is lost and rejected from below then the downside risk levels are $117, $88 and $75.
