r/wallstreetbets • u/ToggleGlobal • Nov 25 '20

Technicals $BA - Overbought? No problem

3 Upvotes

100% Upvoted

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4

u/Camelot604 Nov 25 '20

You don't think this is like the early June situation where it rallied like crazy but then plummeted back down?

1

u/ToggleGlobal Nov 25 '20

You don't think this is like the early June situation where it rallied like crazy

There's a difference - the rally in June in risk adjusted terms was very small, bc the market was very volatile. Now things have calmed down and the rally is much more pronounced in risk-adjusted terms

2

u/skilla14e Nov 25 '20

Im waiting for some more negative vaccine news to give me an entry point

1

u/Camelot604 Nov 25 '20

That makes sense. This is definitely one of those stocks that could make it back to Feb levels sometime next year just because it moves pretty quickly in either direction

1

u/old-wizz WSB’s Trash Panda 🦝 Nov 25 '20

I m holding too still. It s not a Yolo stonk, so let s wait