24.08.202117:19 Forex Analysis & Reviews: BA stock price respects channel support.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

BA stock price has reached the lower channel support at $212 and is bouncing once again. Price is still inside the upside sloping channel created since March 2020 lows. Price so far respects the boundaries of the channel and the fact that price is bouncing once again from the lower boundary, confirms the importance of this support.

Green lines- bullish channel

BA stock price has potential to make another move higher towards $241 and higher as long as price is above $212. A break below $212 will be a bearish sign and will make us turn bearish BA stock. If $212 fails to hold, then we expect BA stock price to move lower towards $175-$155. If bulls manage to push price above $241, then we should expect BA price to continue higher towards $280-$300.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.