Double bottoms can show a price the bulls make a stand. The bears see this.
There are targets within the rectangle and targets if price breaks the rectangle top trendline which is hard resistance.
Earnings 4-27. Short interest is low
No recommendation.
The top trendline of that rectangle may take a few tries to break.
There are targets within the rectangle and targets if price breaks the rectangle top trendline which is hard resistance.
Earnings 4-27. Short interest is low
No recommendation.
The top trendline of that rectangle may take a few tries to break.
Note
Targets in white are for the double bottom pattern. Targets in green are for a break of the top trendline of the rectangle, although target # 2 for double bottom will get you through the rectangle (smaller white numbers of 240 to 255.5.) This may possibly be a slow process if I have interpreted BA correctly. I have been following BA since the virus bottom. But you never know and the market rarely does the same exact thing twice (o:CMF is positive RSI is above 50
Note
I am sorry but I can not say the word "COVID" anymore. I am frankly over the narrative and I apologize to those who are still shaking in their boots )o:I do not want to live my life in fear. And I ain't changing my mind (o:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.