BA stock price reaches pull back target.

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.

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Green lines - bullish channel

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.

The material has been provided by InstaForex Company - www.instaforex.com

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