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MarketIntel
Mar 21, 2024 3:07 PM

Boeing: Turbulence! 🌪️  Long

Boeing Company (The)NYSE

Description

Boeing's share price plunged in recent weeks, but rebounded after reaching the support line at $176. We expect the share price to fall to the green Target Zone between $172.25 and $130.78. Only when the low of green wave (2) has been established there should the price turn around again. Please note our alternative scenario (32%) which sees the low as already established. It is triggered on a breach of $208.10.
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