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Trend_Trader_JSE
May 17, 2021 1:29 PM

Boeing long trade idea Long

Boeing Company (The)NYSE

Description

At current levels NYSE:BA is offering a reasonable risk to reward to justify a long entry.

Even a swing trade to the previous swing high of $278, with a stop near $212 is a 1:3 risk to reward. However, I'm bullish in this stock, it's in the accumulation phase so it'll be a long-term investment as opposed to a short term trade. Thus, the risk:reward is irrelevant now as I expect the stock to trade beyond 300/share.

Always #managerisk
Comments
ktaba
I agree 100%. I’ve been significantly adding to it as I expect it to rocket up to $300 sooner than people think.
Trend_Trader_JSE
@ktaba, So far the stock is moving in the anticipated direction.
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