Boeing $BA #BA - Wedge resistance breakout

After bouncing off demand zone, Boeing BA has now reached its wedge resistance where it has been trending down for the past few months. I am now looking for a break above this wedge resistance aimed at $154.98 to reach a target of $161.27.

The $146 demand zone has seen a strong hold since the beginning of October. Before that BA has been trailing down forming many ranges and creating a strong rising wedge on its weekly frame.

This analysis leads me to believe that we may see a potential short term trend reversal till its upcoming earnings schedule on the 23rd of October.