Hello dear readers,
Boeing is currently in a stable uptrend. I would like to go long on the next wave.
- I hope for a correction that pushes the price into the buy zone so that I can build up a position here.
- The trend channel should not be broken with the closing price so that the idea behind the trade remains valid.
- The subsequent expected long movement should drive the price into the sell zone, where I would then like to reduce my position again.
The expected profit on this trade is around 40%. Now we have to wait and see whether the correction sets in soon. If this is not the case, the idea is invalid.
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Best wishes & success!
Chartdigger