Boeing: Approach for a Landing 🛬
In line with our primary scenario, the Boeing stock price is pitching further downward. Soon, the magenta wave (2) should find its completion above the $176 mark. Subsequently, we expect rises above the resistance at $267.54. However, this primarily anticipated uptrend could be interrupted halfway. If the price reverses before reaching the resistance at $267.54 and falls below the $176 mark (37% likely), we will have to assume that it will land in our dark green Target Zone between $172.25 and $130.78.
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