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kylepemberton101
Apr 20, 2021 12:37 PM

Boing next move (Wait to confirm before entry) Long

Boeing Company (The)NYSE

Description

As always, if you take the time to read this please take the time to hit the like button.

Boing has been in an up trending channel and is currently sitting on the bottom of the channel and a support level. Looks like a great opportunity to catch the next move upward. Wait to confirm that the move is up and it doesn't break down out of the channel before entry.



Comments
darich29
I think your technical analysis is very good, but looks like now that it broke the channel (4/21), it may bounce a few times off 230, possibly 228.5 before heading up again. If we add in some basic fundamentals, IMO BA has a long slow road ahead to get investor confidence back. It's just barely a value stock anymore. Excellent chart. :)
kylepemberton101
@darich29, Thank you for the feedback.
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