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FX.co ★ BA stock price is vulnerable to a move towards $194.

BA stock price is vulnerable to a move towards $194.

Current price action is BA stock is not bullish. On the contrary price is close to providing a bearish signal. Making a higher high at $223,78 and then a lower low is not a sign of strength. If price breaks below $211 then we will get a bearish signal.

BA stock price is vulnerable to a move towards $194.

Green rectangle - support

Red lines - Fibonacci extension targets

BA stock price was trading at the edge of a long-term bullish channel. Inability to move towards $230 has pushed price out of the bullish channel. Moreover short-term price action is bearish as price is about to break below the $212-$211 support level. This will open the way for a move towards $194. Bulls need to push price above $224 otherwise the chances of seeing below $200 will increase dramatically.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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