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Trade_Integrity
Nov 30, 2018 5:16 PM

BA Top reached Short

Boeing Company (The)NYSE

Description

This is a stock I was hoping to see a bullish rally emerge in but it now looks like the opposite is suggested. The yellow line was a long 11 month consolidation period that now looks like we may not see a confirmation. (still possible but not in the next month). More likely however, I believe this stock will go down. Monthly stochastic showing a crossover and slight divergence indicating a potential reversal.
MACD crossing over too.
RSI has indicated oversold for about a year and a half.
Price has stayed below the upper Bollinger for the first month since it was above from Mar 2017 to May 2018.
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