TheHitman

Boeing - outlook for Q1

NYSE:BA   BOEING CO
Hi Traders

When watching Boeing stock on the Daily time frame we see, that since June 2018 this stock is in distribution stage - moves mostly sideways after a longer uptrend. On January 7, 2020 we got another Bullish Signal from the Hitman. This signal appears right under the EMA 8, 21 and 34 which could act as resistance. I would be careful to buy into this right now. But it could well be worth the risk as possible target range could be around 378 $.

As long as price doesn't drops below 320 $ I would consider the stock in the distribution stage and short term traders can still make money. Everything under 320 $ has to be watched very closely with a potential decline coming up.
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