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BA Weekly Rising Channel

BA Weekly Rising Channel

by | Aug 9, 2021 | Chart SetUps

 Boeing (BA) setting up well on the daily with shares coiled under a big volume shelf at $240 and weekly shows a large descending channel that could set up a big return in momentum towards recent highs. BA has a big low-volume gap to fill from February 2020 that stretches up to $325. The weekly is showing a bullish MACD cross setting up while RSI is back above 50.