Chart request for @Othman07,
Here is BA with SPX overlaid.
BA bull run ended in 2018 along with stock indexes topping. It has been in a downtrend ever since. And so for anyone that held since then they would currently be down 60% whereas if they put their money in SPX they'd be up 36%.
Since 2018 BA chart has been terrible. The trendlines show corrective price action and as you can see apart from 2 dumps its all been corrective.
BA bounces in Automatic Rally from 2020 low with indexes, but where SPX pumped from 2021, BA diverged and fell into a downward channel only to dump again after SPX topped.
From here who knows there is a possibility that the correction has now ended and if indexes recover it will go on another bull run, however there is nothing in the chart to suggest this currently/
Much more likely is that the corrective price action will continue and BA will bounce with indexes up to the common shakeout reversal zone in the blue band only to collapse down and find a lower low. If it doesn't reach the band its even more bearish. If it gets above the band then its potentially bullish.
Not advice.
Here is BA with SPX overlaid.
BA bull run ended in 2018 along with stock indexes topping. It has been in a downtrend ever since. And so for anyone that held since then they would currently be down 60% whereas if they put their money in SPX they'd be up 36%.
Since 2018 BA chart has been terrible. The trendlines show corrective price action and as you can see apart from 2 dumps its all been corrective.
BA bounces in Automatic Rally from 2020 low with indexes, but where SPX pumped from 2021, BA diverged and fell into a downward channel only to dump again after SPX topped.
From here who knows there is a possibility that the correction has now ended and if indexes recover it will go on another bull run, however there is nothing in the chart to suggest this currently/
Much more likely is that the corrective price action will continue and BA will bounce with indexes up to the common shakeout reversal zone in the blue band only to collapse down and find a lower low. If it doesn't reach the band its even more bearish. If it gets above the band then its potentially bullish.
Not advice.
Comment:
Since this thread BA has become one of my favourite shorts. Ultra bearish PA and heading for $55.
Part 2 14/5 - Crypto Focus video now uploaded😼.
The tide is turning and blind hodlers might be rekt down the road💀.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
The tide is turning and blind hodlers might be rekt down the road💀.
Deep analysis - I keep the juicy details for my clients.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
