My first trading idea on tradingview, the contents are for informational purposes only and do not constitute investment or trading advice. :)
A short opportunity for BA with the break of a descending triangle and price<ema50<ema100. A pullback to the baseline of the triangle was a great entry @ $209-210.
The current price of 196 still presents an opportunity to short with a profit target of $150, stop loss of $214 (slightly above the baseline), a risk-reward ratio of ~2.4. Will watch for resistance at 180, 165, and 150 demand zones and exit potentially on high volume.
A short opportunity for BA with the break of a descending triangle and price<ema50<ema100. A pullback to the baseline of the triangle was a great entry @ $209-210.
The current price of 196 still presents an opportunity to short with a profit target of $150, stop loss of $214 (slightly above the baseline), a risk-reward ratio of ~2.4. Will watch for resistance at 180, 165, and 150 demand zones and exit potentially on high volume.