BOEING is down over 50% from it's highs back at the start of the year. Will
BA
have enough strength to hold through or will it lead the market down another hole...
~
The stock currently sits above what has proven to be strong support @ $153 but before we play this one we need confirmation.
Watching the orange trend line as support/resistance, it holds strong on the weekly timeframe.
Possible long on a break and hold of resistance @ $190.
Upside targets: $234
Possible Short Entry pn break and hold below $153
Caution needed with this stock as it continues its push up. Seems like it's due for a correction in a few months.
DotcomJack | Michael Jordan of Stonks
BA
have enough strength to hold through or will it lead the market down another hole... ~
The stock currently sits above what has proven to be strong support @ $153 but before we play this one we need confirmation.
Watching the orange trend line as support/resistance, it holds strong on the weekly timeframe.
Possible long on a break and hold of resistance @ $190.
Upside targets: $234
Possible Short Entry pn break and hold below $153
Caution needed with this stock as it continues its push up. Seems like it's due for a correction in a few months.
DotcomJack | Michael Jordan of Stonks
Comment:
Very close to our short trend-line. Will wait for a break and confirmation before entering a put position.
Comment:
Ended up going bullish on this today for a quick day trade, waiting for confirmation.
