$BA 2021-JUL-20

BA has broken the lower bound of the +/- 2 deviation channel, though we have seen 2 examples of this in the recent history that have bounced back into the channel.

That said, the RSI is at it's lowest point since COVID kicked off. That suggests that we are definitely outside of the normal fluctuations of the rising trend line. Volume is also largely on declining days, so there are a lot of sellers putting downward pressure on price.

Chances are we will see a bounce in the near future (assuming the wider market doesn't further tank); but whether that is an ongoing recovery is seemingly less likely.