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Boeing Company (The)
Long

BA breakout but met with resistance

By cryingbull
Updated
We saw BA break out of the descending triangle but the move stopped at the 0.382 fib (232.87 ish) and is now resistance. Selling this morning but 226.85 seems to be providing decent support today and yesterday but be aware there is a gap below. In my opinion, this could be basing for the next move up and should hopefully cool down the RSI a bit. So long as 226.85 can be defended, I'd expect another leg up and hopefully more buyers coming in.
Comment
Broke under 226.85, secondary support might be 225.62 which was prior resistance Nov 10th and prior support in October.
Comment
Will this retest hold? BA upgrade from Wells Fargo analyst as well. All of travel seems pretty weak.
Comment
Broke down today on news of BA planes being built having problem with doors. Watching 213.24 for support. Touched a few times but if it breaks under, I'd switch bearish.
Support and Resistance

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