BOEING CO HEAD AND SHOULDERS

Hello and welcome on this short-term review on BOEING CO on 1h timeframe chart.

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Since BA dropped very hards from 400 to 90 that’s why now we facing big volatility on this stock.

I have noticed Head and Shoulders pattern here, so target at $130 measured by height of Head (h on chart).
Also this rebound from 90 could be a bearish bounce before next drop, as many traders/investors think at this moment while global pandemic still in the game.

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Comment:

if we going to cover 161 gap, this could means we still in bullish territory, so keep your eye on it

Trade closed: target reached:

👌 Very precise target. Excellent