1
$BA - Watching 215/220 Range
Keep an eye on $BA around the 215-220 level. It's been range-bound for a bit now, and we've seen it bounce off 215 quite a few times lately, suggesting some support there. On the flip side, 220 seems to be acting as a ceiling.
My take is that a clean break above 220, sustained, could signal a move higher. Conversely, if it loses 215 decisively, we might see it test lower support. The risk to this scenario is a general market downturn invalidating any individual stock's technicals, or unexpected news from the company.
1 comments · 1 points
Good read on BA. Do you think recent news regarding their production issues could make the 215 support weaker this time around?