All,
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.
PT#1: 195
PT#2: 188
PT#3: 163
Then swap to long once confirmed
lower highs across macd. Not a very big fan of using head and shoulders, but its obviously being made. Not a financial advisor, so invest at your own risk.
Broke out of the descending wedge and now looking like forming ascending inverted scallop.
Target - $281
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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.
- Fib...
day time frame - $BA is forming the right shoulder of the H&S.
Surpassed old resistance level
labeled bearish confirmation
$240p for 7/16 is a money maker for sure.
Best of luck
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...
G'day Guys.
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...
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!
Boeing(BA)
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.
Boeing has been a monster lately. I see two levels I want to see BA break and settle before I can enter a position. If breaks past 258 BA has an implied move toward 270 and possibly if enough buyers past 280. last price range is 295-300. However I do believe we will test 250 first to pick up more buying volume for that break out past 258.65
![BA: [Trading Review] How i Traded $TLRY, $RIOT,Fumbled, $ZM, $TSLA](https://s3.tradingview.com/r/rwk35wOo_mid.png "[Trading Review] How i Traded $TLRY, $RIOT,Fumbled, $ZM, $TSLA")
