Weekly double bottom on BA

24 Mar 2023

BA has tested its 200 ema and consolidated on that level prior to falling back to confirm the double bottom formation. The coming months for BA are going to be interesting. An overall price target for BA will be in the 275-278 area. I can see this catapulting past that with a minor retracement. These levels haven't been seen since Mar 2021. I am bullish on BA in the coming months, with a short-term bearish retest of the weekly 50 ema 183.86. The formation is invalidated below the yellow line