Boeing: Long Opportunities!As expected, Boeing has recently moved down into our green Target Zone between $146.35 and $113.35. Within this price range, we anticipate the low of the green wave . Once this low is established, we expect the stock to resume its upward trajectory, as the subsequent green wave should have significant potential, targeting levels well above the resistance at $267.54. Our Target Zone can thus serve as an entry point for long positions. To manage risk, traders could place a stop-loss 1% below the lower boundary of the Zone.
Baanalysis
BA Price headed to monthly resistanceDifficult chart to do the analysis. However, at a high timeframe like monthly, it is a bit easier. It seems there is a big monthly resistance sitting just 15% above the current price. That resistance is a zone 238-243.
There is higher probability that if price moves higher from here, it will stall in that range and probably face a rejection there for a pullback. In case of a pullback, the price will find support at the marked monthly support.
BOEING ANALYSISBoeing is in an interesting position here setting up for a nice break of the downtrend into a long if this all plays out.
We expect the downtrend to break and as soon as a close above the resistance is made we can long until the target!
Always be patient and wait for confirmation, Happy Trading!
BA aka Boeing IdeaG'day Guys
Boeing been in the market for sometime and until now still consistently produce and improve. That the reason this stocks keep consistent.
After sudden drop during the MAX case, but consistency, responsibility and demand keep this stocks build up.
From my perspective this stocks stable stock. Here my analysis on this pair. Expecting another push high before do some correction on their stock. I am expecting this company going to do some
restructuring to ensure their sustainability and competitive.
That the reason this pair is gonna creating a correction on this current stocks performance.
Let's discuss and comment about it.. Cheers