BOEING $BA - LONG TERM SWING TRADE BOEING BREAK OUT!
Boeing holds support near the 50MA and 100MA on the @1D TF and broke through of the violet resistance trend-line (see chart).
From there I think a new impulse wave will start (wave V).
Bearish momentum seems to be exhausted on several time-frames and there is significant bullish momentum on the 1M TF!
At the 1D TF I can see a bullish crossover on the Stochastics RSI, on the Wave Trend Oscillator and soon we will see a bullish crossover on the MACD too.
On the Squeeze Momentum Indicator I can see a W-pattern which is a bullish signal too!
I recommend to place TP orders below the 200MA near the 0.618 Fib retracement.
BA long position (swing trade, R:R=1.65):
Entry 1 $176.15 (R:R=1.65 @ entry#1)
Entry 2 $145.15
Tp.1 $218.8
Tp.2 $249.9
Sl $129.8
The Boeing Company is an aerospace company.
The Company's segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft ( BMA ), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital ( BCC ).
Boeing recently received a $916 million deal to support International Space Station (Boeing-NASA project) for next 4 years.
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economictimes.indiatimes.com
I´m not a financial adviser. For educational purpose only!
