Boeing holds support near the 50MA and 100MA on the @1d TF and broke through of the violet resistance trend-line (see chart). From there I think a new impulse wave will start (wave V). Bearish momentum seems to be exhausted on several time-frames and there is significant bullish momentum on the 1M TF! At the 1D TF I can see a bullish crossover on the Stochastics RSI, on the Wave Trend Oscillator and soon we will see a bullish crossover on the MACD too. On the Squeeze Momentum Indicator I can see a W-pattern which is a bullish signal too!
I recommend to place TP orders below the 200MA near the 0.618 Fib retracement.
BA long position (swing trade, R:R=1.65): Entry 1 $176.15 (R:R=1.65 @ entry#1) Entry 2 $145.15 Tp.1 $218.8 Tp.2 $249.9 Sl $129.8
The Boeing Company is an aerospace company. The Company's segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft ( BMA ), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital ( BCC ). Boeing recently received a $916 million deal to support International Space Station (Boeing-NASA project) for next 4 years.
I´m not a financial adviser. For educational purpose only!
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Wave Trend Oscillator has crossed bearish now on H4, 1D and 3D time-frames, there it is NOT recommended to enter this trade now! If the 50 EMA cannot hold support at $168 I´ll focus on the 2nd entry level between 0.786 Fib and the HVN ($145-140).
What indicators are used in above chart .... I noticed MACD, RSI, Stochaustic RSI.... Others I couldn’t figure out. Please advise.....
Asset-Ethology
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@vvatti35, on the first line you see the "triple oscillator combo consisting of RSI, StochRSI and MFI" which I use as main indicators for my stocks and crypto trades.
The other indicators below are additional indicators which I usually use for my crypto trades in addition to the indicators on the row (but I have found out that they also work for stocks quite well).
The indicator in the 2nd line is the "Squeeze Momentum Indicator" by LazyBear which consists of MACD and squeeze momentum.
On the bottom you can see the "Wave Trend Oscillator" which you can find by searching for "WaveTrend with Crosses [LazyBear]".
Wave trend and squeeze momentum works good especially on higher TFs.