At current levels 
BA is offering a reasonable risk to reward to justify a long entry.
Even a swing trade to the previous swing high of $278, with a stop near $212 is a 1:3 risk to reward. However, I'm bullish in this stock, it's in the accumulation phase so it'll be a long-term investment as opposed to a short term trade. Thus, the risk:reward is irrelevant now as I expect the stock to trade beyond $300/share.
Always #managerisk
BA is offering a reasonable risk to reward to justify a long entry.Even a swing trade to the previous swing high of $278, with a stop near $212 is a 1:3 risk to reward. However, I'm bullish in this stock, it's in the accumulation phase so it'll be a long-term investment as opposed to a short term trade. Thus, the risk:reward is irrelevant now as I expect the stock to trade beyond $300/share.
Always #managerisk
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.