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pomoziadam
Aug 6, 2019 7:44 PM

Boeing long idea from key levels Long

Boeing Company (The)NYSE

Description

The main trend is still long. The long trendline and the yearly pivot point may support the price to long direction. Also RSI shows divergence. In case of supportive general market conditions, it could easily be a good trade. Entry: around 332. TP is the gap's upper level. Stop loss ATR x 2. R/R 4:1

Comment

Stop loss can be modified to 348 $, right below the last relative low.

Comment

Also a reversed head & shoulders pattern has just activated, which supports the trade.
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