First red close in 5 days. More to come?

BA looks like it may have lost its momentum. It is down 6% from where it was a year ago and tested the important level of $200 in the morning. The stop is the previous high of 205 if it moves to the 212 level by chance. A conservative TP is 193 with the 180's the next significant level.

Kommentera:

There is a rejection at the 50 MA. Today was green but it faces heavy resistance.