Emsticoins
Short

Here comes Boeing everyone. Wait for the perfect "short" entry.

NYSE:BA   BOEING CO
Here's why it's super tricky with Boeing . It's been pumping for years, setting new all-time highs, and guess what... It's time to consolidate, isn't it? but! now it's pumping again after caressing the 200 MA on the daily horizon and bouncing back upwards. Don't get tricked, it's just a temporary recovery before it heads back down.

Now let's step a little back and look from a different perspective. The weekly horizon. Yes, you guessed it. Price hasn't reached the 200 MA yet.

Bottom line is this: When doing technical analysis , it's crucial to study the charts from as many horizons as possible. The hourly, 4h, 12h, daily, weekly, and monthly. Depending on your investment goals, each horizon will give you a different answer.

My prediction for Boeing:
According to the daily horizon, the price can bounce back to the 418$ range quiet confidently within the next few days/few weeks.

The weekly chart tells us a different though. The price will most likely drop back to test the 200 MA support. That would be somewhere between $260 and $300, depending on how soon we test that support.

We will keep updating on this occasionally. Stay tuned!

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Let's have a look at Boeing. Price didn't recover as expected before dropping. So here's what I have to say.

The reason why I thought the price would recover before dropping further is that we saw a drop from the ATH to right above the Ichimoku cloud. Price didn't fall below that, so usually it would bounce back before testing that support again. As of now, it looks like we have a different scenario and it looks like it's headed to short target earlier than expected.

Right now, price is headed to lead 2 or Senkou span B (which the red line right below the cloud) on Ichimoku cloud on the daily horizon. (Bearish)

The price has also cut downwards through the 200 MA on the hourly and 4 hours horizon.

It also closed below the 200 MA on the daily. (full bear mode in motion)

So price is headed to target much faster than anticipated.

Let's see how things develop from here.

Have a nice weekend!
Reply
I like how you used the word "horizons"

I see from Sequential a Weekly red 2 below red1. (Bearish-entry)
Price sit on top of center of weekly BB. (Neutral)
Daily had a Red 9 however no 1-4 correction. (Neutral)
Possible 3wave corrective pattern. (Bearish)
& moved horz off the bottom of the daily BB. (Neutral)
SAR are indicating sell on the daily & (Bearish)
SAR buy on the Weekly close to flipping to sell. (Neutral)
(Bad news cause the price to drop for all time highs)
Also the stock appears to be in a hyper wave.

Expecting price to drop from 376.46 to 355.58 {61.8%} Fib-point
Then further down to 330.69 ~ $45
with a $1.4 rise in price point/day


Reply
Emsticoins Hope4Today9
@Hope4Today9, Hey pal, I see some good points in your analysis. The reason why I thought the price would recover before dropping further is that we saw a drop from the ATH to right above the Ichimoku cloud. Price didn't fall below that, so usually it bounces back before testing that support again. As of now, it looks like we have a different scenario and it looks more like yours.

Right now, price is headed to lead 2 or Senkou span B (which the red line right below the cloud) (Bearish)

The price has also already cut downwards through the 200 MA on the hourly and 4 hours horizon

It also closed below the 200 MA on the daily. (full bear mode in motion)

So price is headed to target much faster than anticipated.

Reply
Hope4Today9 Emsticoins
@Emsticoins, I could be wrong however the faster the drop I believe the more pronounced the bounce.
The earliest a bounce could happen is on the 27th. (The latest ~April 1-2)
Reply
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