Quote:
Originally Posted by JMarchand1981
I love BA. I did my MBA research on BA so i will always be fond of it. That said, pass. That’s a dumpster fire right now.
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Seems like people are ignoring the potential positive catalyst from the China test flight story that came out last week.
Also, in my totally uneducated opinion (I'm just going based on what some different analysts have said), the dreamliner news is really just the FAA flexing some muscle and is little more than a sensationalized headline.
I bought BA for a couple reasons.
It hit the 200dema... well traded down through it but it was just based on the dreamliner news. Based solely on the chart my target is $260 by the end of August which I think is doable.
Last 2 times this year BA hit 200dema level with RSI sub 35 it had a big move up. 1st time a ~40% move and 2nd time a ~15% move. $260 is about a 15% move so it seems totally possible.
Now this could all just be confirmation bias but hey, willing to see what happens.