#Boeing 172-173 low risk entry, $BA call buying today
After a double bottom, I am looking for price to rise from the current rangebound consolidation. The yellow arrows show a $30 stock price move. Price action has shown some relative strength today and can move up over the next two days if markets rise.
My only caution is that RSI shows bearish divergence already, but since price has pulled back today. It is possible for price to rise further while RSI lingers over 55.
My only caution is that RSI shows bearish divergence already, but since price has pulled back today. It is possible for price to rise further while RSI lingers over 55.
Red markets most of the day - only reason $BA is not at 177
30m chart - price must close over 175.36 volume shelf, RSI bullish, stochastic %K gave a buy sign at open. If %D crosses over 70, momentum picks up as crowd joins in.
5m chart - 20ma is now at 200ma, price consolidating