BA is a wild card at this time. It has dropped significantly back to its 'average range of low to mid 100s.
Technical wise, it's under the 100 EMA and will need to break through it to see any significant growth. An attempt was tried (inverted green hammer) but failed, we may see another few attempts before the bears take over. it is also under downward curve (blue line).
Based on past supports and resistances people are watching to see if BA will break out above the blue line at 164/156/142
If it doesn't expect either BA to linger in this range or descend to the low 100s
Fundamental wise, it is a big company and has many defense contracts with the US gov, it is considered as too big and too important to fail. The question is how much will it drop before the government throws their lifeline.
Disclaimer:
This is not investment advice, just my opinon. Consult a investment advisor for professional advice.
Technical wise, it's under the 100 EMA and will need to break through it to see any significant growth. An attempt was tried (inverted green hammer) but failed, we may see another few attempts before the bears take over. it is also under downward curve (blue line).
Based on past supports and resistances people are watching to see if BA will break out above the blue line at 164/156/142
If it doesn't expect either BA to linger in this range or descend to the low 100s
Fundamental wise, it is a big company and has many defense contracts with the US gov, it is considered as too big and too important to fail. The question is how much will it drop before the government throws their lifeline.
Disclaimer:
This is not investment advice, just my opinon. Consult a investment advisor for professional advice.