BA Boeing chart showing how price wanted to see higher highs beyond January by the long and strong blue lines. From the prior tops to now, however, the red lines, negative divergence is set up to create a spank down. Overbot conditions and the rising wedge reinforce a smack down. The violent spikes in BA must correspond to the emotional news stories of contracts awarded-bullish vs. technical and production troubles-bearish.
The move from 68 to 75 in March is impressive, but, this appears to be the final flight for BA price. BA should top in here and sideways to sideways down moving forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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