DotcomJack

BOEING PREPARING TO DUMP? OCT TA

NYSE:BA   Boeing Company (The)
BOEING is down over 50% from it's highs back at the start of the year. Will BA have enough strength to hold through or will it lead the market down another hole...
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The stock currently sits above what has proven to be strong support @ $153 but before we play this one we need confirmation.
Watching the orange trend line as support/resistance , it holds strong on the weekly timeframe .
Possible long on a break and hold of resistance @ $190.
Upside targets: $234
Possible Short Entry pn break and hold below $153


Caution needed with this stock as it continues its push up. Seems like it's due for a correction in a few months.


DotcomJack | Michael Jordan of Stonks
Comment: Very close to our short trend-line. Will wait for a break and confirmation before entering a put position.
Comment: Ended up going bullish on this today for a quick day trade, waiting for confirmation.

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