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dbar093
Nov 8, 2021 3:21 AM

BA breakout, long term price target $307  

Boeing Company (The)NYSE

Description

BA breaking out in the weekly chart. If we maintain we can see $244.

Something I noticed while charting BA. The return rate after a bull flag breakout on BA has been consistent for the last two Flags. After a bull flag breakout, BA has returned on average $75 for the past two flags.

If history were to repeat itself with this recent Bull Flag. The return rate of BA would be about 33% if BA would to breakout at $231 and you would enter at this price. I used the two previous Price Ranges to determine a Long Term Price Target of BA and return rate for this recent flag.
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