quincytaylor109

Boeing long position opportunity

Long
NYSE:BA   Boeing Company (The)
Boeing stock has found support at the 0 level on fib retracement rising above both the 10 and 20 ema. Previous data suggests that the price almost certainly will bounce back to a minimum 0.618 or 0.5 on the fib retracement. There is no crossing on the MACD as of yet which is something to look out for in the week ahead. There is still a chance that the price will test the 225 dollar support level and again and if it remains strong then it is looking very bullish for the month to come.
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.