BA stock price remains under pressure by sellers. In our last analysis on BA stock, we warned bulls that price was vulnerable to a deeper decline towards the $200 price level. Price was expected to reach and test the lower channel boundary found at that area.
BA stock price is now testing important support levels. Price has so far made a lower high and a lower low. There are increased chances of a major trend reversal from bullish to bearish. If price fails to hold above $200, then we should expect more selling pressures and price to fall towards $140-$150. On the other hand, if bulls manage to hold the lower channel support and push higher above $260, then we could see another sharp rise towards $325-$340.
