BA Update – September 14, 2017

BA has been a monster stock for the DOW and the daily chart looks like the trend strength consolidation pattern looks like it has completed its pull back into the Chop Zone and therefore, in a position where the next expansion phase could begin at any time here …

BA – Daily Chart

A key thing to watch on this next move will be the relative strength indicator … note that the momentum of the R/S indicator looks like it is curling higher (bullish).  Volume is also perking up here and yesterday saw the total daily amount get above the 20-day SMA (also bullish).

BA – 195 Minute Chart

I have an audio alert set at about $1.00 below the break-out level on the daily chart, but I also have an audio alert set on the break of the consolidation pattern upper trend line …

Bottom Line – BA looks like it could be getting ready to begin another expansion phase on the daily time frame.

Cheers … Leaf_West

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