OptionsRising

$BA downside targets 140.30, 137-138, 134

Short
OptionsRising Updated   
NYSE:BA   Boeing Company (The)
Now that earnings are done, the technical picture gives reason for BA to return to lower prices. First, price needs to break 10/25 candle, 141.88, to create a bearish engulfing candle that opened near the 100ma. RSI went below 33.33 so I look for it to stall at 60-65 and turn back down.
Comment:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.