BA Price headed to monthly resistance
Difficult chart to do the analysis. However, at a high timeframe like monthly, it is a bit easier. It seems there is a big monthly resistance sitting just 15% above the current price. That resistance is a zone 238-243.
There is higher probability that if price moves higher from here, it will stall in that range and probably face a rejection there for a pullback. In case of a pullback, the price will find support at the marked monthly support.
There is higher probability that if price moves higher from here, it will stall in that range and probably face a rejection there for a pullback. In case of a pullback, the price will find support at the marked monthly support.
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