Oh BOEING, you dirty little son of...Boeing is loving this channel, given enough downward momentum we should see the lower target sooner than later. Obviously, I see a possible short happening soon, although I hate to chart Boeing because you never know when Big Brother will come in and hand them money. I have a target of $136- $144. This is not trading advice.
BA-2
Will Boeing finally launch from this channel?Boeing has been difficult stock to trade... but the more a market consolidates, the more it blows up when it does.
We may consolidate a bit further in the purple box, but I am looking for a breakout out of this channel this month or early November the latest.
FYI: I have been wrong on timing BA twice in a row. I DO NOT want to see it close below my purple box.