BA. did you spot the distribution in that rejection wick?BAE Systems plcLSE_DLY:BA.Stockso_SimpleIn contrast to the rising lows seen elsewhere, BAE is printing a potential reversal to the downside. We’re seeing a series of lower highs, quite simply, buyers are being overwhelmed as the holders start to unload stock. Friday’s price action tells the story, a prominent upper rejection wick coupled with a huge volume print. That is a massive effort from the buyers that failed to sustain higher prices, a classic sign of distribution. While betting against the defence sector during global conflict is a brave move fundamentally, the tape is leaning bearish. It’s one to watch from the side lines for now, the line in the sand is the recent support level. If that snaps, we could see a deeper retreat.