Nov. 15 at 10:02 PM
$BA is currently trading at
$194.52, significantly below its 30-day moving average (MA30) of
$209.3 and 50-day moving average (MA50) of
$212.8, indicating a bearish trend. The RSI at 14.27 suggests the stock is oversold, which may lead to a potential reversal or bounce in the near term. However, the recent price action remains weak, as it is close to the 60-day low of
$191.49.
Market context shows a lack of upward momentum, with the ATR at 5.24 indicating moderate volatility.
Suggested trade plan:
- Entry:
$195.00 (slightly above current price to confirm upward movement)
- Stop:
$190.00 (below the 60D low to manage risk)
- Target 1:
$205.00 (near MA30)
- Target 2:
$210.00 (near MA50)
This plan aims to capitalize on a potential short-term bounce while managing risk effectively.
https://privateprofiteers.com
