Hi mates, Sharing weekly chart of Boeing it seems it get set to fly high after giving a fresh weekly breakout on a hazardous horizontal resistance and from a parallel channel too after a long consolidation in it, shared an old breakout too that how after making double bottom on weekly chart and how it will reach to that parallel channel. So now my idea is to go for a long side trade in it but only after if it will do a breakout retest and bounce from horizontal resistance or parallel channel resistance for this i will use daily and some more smaller TF chart for tracking it's movement in coming sessions. Those who caught early and added on old breakout i feel they are really enjoying their positions now.
Levels-:
Horizontal resistance price 227
Parallel channel resistance price 220
This is not and trade or investment advice. This publication is meant for only learning purpose.
Regards- Amit
Levels-:
Horizontal resistance price 227
Parallel channel resistance price 220
This is not and trade or investment advice. This publication is meant for only learning purpose.
Regards- Amit
Note
Good came down, market sentiments are in very much favor For a retest so let's it will reach there then decideNote
Seems it is bouncing from mentioned zones, above 227 sustain it can go up
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Related publications
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.