$BA - WATCHLIST -
Added 2024-10-01 10:43:10 +0000 UTC$BA is considering a $10 Billion stock sale so there has been some red yesterday and in the PM now
This allowed the price to pull back to the $146 level I highlighted over a week ago
This is a big confluence level, it really needs to hold or the chart will show weakness and a breakdown is possible
A stock sale is not particularly bullish but they may need this cash to address a lot of concerns, if the market feels they are using this money wisely, it may feel as though $BA has turned a corner and we see a recovery from here
So if you like $BA, wait for support to be confirmed.
But remember, $BA will always be around, it has a strong moat and has strong military contracts....with two large wars taking place right now.
Comments
No, this is allowed, it is not common but it can happen
Gareth Neary
2024-10-01 11:43:25 +0000 UTCCap, can you help me understand why you’ve got your wave B at the peak, rather than it being the top of Wave 5? Which would then suggest that we’re potentially at the bottom of wave A right now. Why would wave B go higher than the peak of your current wave 5?
Nick E
2024-10-01 11:37:31 +0000 UTC
