BA Weekly Chart Analysis

By PrimaTrader
Updated
I can see that BA has a strong momentum upwards. However, there is a process that it has to go through to unlock the $300 level. This is a weekly chart that represents the major areas that we need to be aware of. The confluence of the 200 MA & Major key resistances at $287.75 in the weekly is saying something about the possibility of a pullback before it goes up to meet with Fib 0.618 that also a possible reason for a major pullback because it concourse with the Major Resistances on the left of the chart.
Comment
So far BA is dangling in that area of support. In a few months, there is a possibility for it to up and pass through $300. A good volume and positive news will help.
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