The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Following up from our last BA stock price analysis when price initially got rejected at the upper channel boundary, we see that price remains trapped inside the bearish channel, confirming the importance of the resistance around $222-$225.
Red line - horizontal support
BA stock price has formed a lower high and is about to form lower lows. The inability to break above the upper channel boundary is a sign of weakness or a sign that tells us that this is not the time move higher. Price is vulnerable to another pull back. Bulls do not want to see price break below the red horizontal support level. This could be a sign of more weakness to come.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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