Broke out of the descending wedge and now looking like forming ascending inverted scallop.
Target - $281
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
Boeing stock continues to be pressured by well-defined falling resistance from 2019, maintaining the dominant downside focus .
Bullish crossover ( Golden Cross ) between the 2 0-day and 50-day moving averages seems to be around the corner, offering near-term upward bias.
Further gains to place focus on March 2021 highs.
A turn lower has the May low eyed, but...
This is weekly chart, but I see this playing out to the downside rather largely. In part due to the visible range/session show some low volume areas that will be slid through once breaking. Need first conformation of break but I may enter soon.
Then swap to long once confirmed
After every impulse price makes a correction and after the break price starts the next impulse, I expect the same this time..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
GLD 1D I Amid inflation fears we highlighted GLD two weeks ago. We now expect to see GLD consolidate as the RSI pushes into overbought territory.
BA 4H I Breaking out from a falling wedge after news that it plans to boost 737 Max production. Major support at $130 on the 4H chart.
AAPL 2H I As we noted, QQQ has found support at VPOC indicator shows us heavy...
Today we analyse BA aka Boeing.
Since last drop from previous high on Feb 11, 2020 at 349.76 its took around 1 month to reach low area on Mar 18, 2020 at 89.19 Low.
In progress of recovering, and started to create uptrend channeling on Oct 30, 2020 at 153.74 area and take 3 month to break previous high that happen on Jun 8, 2020 at 241.24 area...
Today we have a great chart to share: "BOEING."
Since the bottom of the pandemic bearish movement (MARCH 2020), we have observed a sequence of corrective patterns and breakouts that makes a series of higher highs and higher lows (what defines a bullish trend). In the previous 3 patterns every time we had a breakout, a bullish movement continued. So, what can we...
Explaning/ Reviewing my Trade i took on June 9, 2021 how i did it, reviewing my biggest winners, losses, recovery/ decent plays! If you guys have any questions dont feel discouraged or scared to reach out will try to help as much as possible!
BA has recovered a lot since last March but still has 35% to go. With their recent announcements and other catalysts on the way, it may be a good time to invest and wait for the full recovery. This weekly chart shows a consistent pattern and the price is expected to stay within the bullish trend.