empty
 
 
25.02.2022 05:36 PM
BA stock price respects key support again.

BA stock price fell towards the major horizontal support yesterday at $185.50. Price made a low at $186,85 and then bounced strongly higher towards $198. This was the fourth time price reached this support area and bounced higher.

This image is no longer relevant

Blue lines - bearish channel

Red line -horizontal supprot

BA stock price got rejected at the upper channel resistance this week and turned lower. Price tested the red horizontal support and so far it seems that it continues to respect it. Staying above it is key for the trend. Failure to stay above it, will push price towards $174 at least. Holding above it, will open the way for another test of the channel resistance at $220.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback