Dont be fooled, Boeing is going down
Updated
Despite the earning records that released for BA its stock will fall and hit new low record. If you see the chart there was huge momentum that led the price to fall from its peak and this momentum is fading little bit but still under the zero line. Also if you notice the volume related to the price movement, it was increasing with price falling while it was decreased when price is consolidated from its fall. This conclude one thing only that the price is going in down trend, and it is now consolidated its movement to resume the down trend once the major stock in DOW Jones index start to fall again which clearly soon, that when apple stock start to fall again and resume its down trend.
Note
The earning records that released for BA may trigger the stock to resume its fall and hit new low record. If you see the chart there was huge momentum that led the price to fall from its peak and this momentum is fading little bit but still under the zero line. Also if you notice the volume related to the price movement, it was increasing with price falling while it was decreased when price is consolidated from its fall. This conclude one thing only that the price is going in down trend, and it is now consolidated its movement to resume the down trend once the major stock in DOW Jones index start to fall again which clearly soon, that when apple stock start to fall again and resume its down trend
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.