British Airways Plc (BAY.L)

Date: 18th May 2008
LSE: British Airways Plc, Closed at 233.00




British Airways Plc is a FTSE 100 company. Daily chart indicates that this stock is in down trend. But current pattern indicates that this has formed bottom at 215 - 205 area, and ranging from 250 to 200 value. This looks a good buy at 230 with intial stop -loss at 215. Maximum stop -loss at 205. Profit target1 at 250- 260, profit target2 at 300.

Even if British airways has faced many problems recently, but it's earning has gone up this quater. So, we anticipate that this stock will not see any bad days for next 3 to 6 months. This is a good buy for mid term investment.

DISCLOSURE: This is just for your education purpose. We are not responsible for any of your losses. Please do at your own risk.