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mukhriz.mangsor
Oct 23, 2019 10:37 AM

BA with Bottom Hammer, Possible Long  Long

Boeing Company (The)NYSE

Description

Using both candle & oscillator analysis, BA seems to find some ground to push the price higher as depicted by a Hammer candle on Monday with yesterday candle showing a gap with a close higher than the Monday candle. Supporting such move was Stochastic indicator to confirm the cross-over going the oversold surface, with positive divergence on stochastic. Further confirmation would be stochastic surfacing from the oversold level over 30. May consider to go long on the close just above $344 with a stop set just below the recent low of the Monday candle.
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