BA on Down Trend?

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• July 30, 2020 at 9:10 am #34597
  
  Kiang Kiong

  Replying to #

  Hi Wei Ren, Last night BA opened up then fell to 162 and closed at 164. Please advise TA if it is now on downtrend to 150, or 104? Regards KK Wong

  July 30, 2020 at 2:46 pm #34613
  
  Research Department

  Replying to #

  Hi Kiang Kiong, 

  Boeing is still trading within a range. However, the support level at 165.27 has been tested 4 times, which kind of weakens the support. Unless Boeing return back above 190.00, I would think that Boeing would likely test 146.33. 

  August 4, 2020 at 8:52 am #34738
  
  Kiang Kiong

  Replying to #

  Thanks Wei Ren,

  Sorry to trouble you again. I am still learning about TA hence maybe a pain to you asking the same over again as I have an interest on BA.

  Now that BA closed with a Bullish Engulfing, briefly hitting your support zone. It didn’t hit my buy at 153 and bounced up.

  Like to hear from your analysis if this:
  1. is just a false breakup; or

  2. is on uptrend to your predicted 251- 268?

  Thanks in advance for you kind analysis.

  Regards

  KK Wong

   

  August 4, 2020 at 9:06 am #34739
  
  Research Department

  Replying to #

  Hi Mr Wong, 

  Yesterday bullish rebound has finally show some bullish reaction at my support zone, like finally. For now the trend is still with a range and the next immediate resistance of 190.00-200.00 will be the key resistance zone to be tested first. We have to see what is the next few action going on in the next few days

  August 15, 2020 at 9:54 am #35093
  
  Kiang Kiong

  Replying to #

  Hi Wei Ren,

  Is BA forming a double top?

  

  August 15, 2020 at 12:41 pm #35096
  
  Research Department

  Replying to #

  I prefer an inverted head and shoulder and I’m still holding to the view of upside to 200.00

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