In previous posts on BA stock price we noted the long-term bullish channel it was in. Price recently tested the lower channel boundary around $200 and $210 price levels and held above it. Price is bouncing off the channel support. This could unfold into the start of a new upward move that could bring price back towards $240-$250.
BA stock price is trading at $220. Holding above $210 is key for the current trend. Breaking below $210 would be a sign of weakness. Price has potential to reach $240-$250 again and even higher as long as the support levels are respected. Risk return favors bulls as the stop for the bullish scenario is at $210. Potential $240-$250.
