$BA have just sold an eye watering $21.1 Billion worth of shares as a public offering at $143 each.
This is one of the largest public offerings in history!
Share price is down -1.5% now in the PM but this could have been a lot worse.....but they have now raised this money, they have strengthened their balance sheet and they must start looking ahead now.
If the $146 level holds on the 0.78 Fib, you should be looking for a show of strength above this level before entering
We do not have a new impulse wave confirmed yet, oddly enough a higher low is still in play here but will need to get through this week.