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anand_swamy
May 19, 2020 5:28 PM

Boeing breakout Long

NYSE:BA1D
Boeing Company (The)NYSE

Description

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Boeing just broke out of its wedge fully today, setting the stage for a breakout. Target 1 is $164 and target 2 is $185.

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Trend AnalysisSupport and ResistanceWedge
Comments
shravan852
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When do you expect this to happen and do you have any options recommendations
anand_swamy
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@shravan852, I think within the next two weeks and depending on how much you would like to spend I'd check the May 29 options. The $150 strike is only $0.95 today
anand_swamy
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@shravan852, However it may drop a bit before it rises
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