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Watching $BA today for potential reversal signs near $170
Boeing ($BA) has been in a downtrend, but it's approaching a prior support zone around $170-$172. Given the recent news flow and potential for a short-term bounce, I'm watching for any signs of accumulation or bullish divergence on lower timeframes. Any thoughts on the efficacy of a rebound play here, or are the fundamental headwinds still too strong?
1 comments · 7 points
It's a tough call with BA, the fundamental headwinds are definitely a concern. While a short-term bounce off support is possible, I'd be looking for a really strong technical confirmation before jumping in, or even just a tight stop.