All right folks, boeing on the 1day has officially broke the VWAP and has continued to fall post-market. Now is a good time to take advantage of the negative news as well as the market correction. Delta rising, boeing problems rising (mechanical, etc).
Why short boeing
Targets:
192.36
175.42
Falling to BBand at 158 would be pushing it but for a longer term holder could be plausible.
SL @ 219
Good luck
Please note: I do short term holding, will not hold this position longer than a day or two. Check back for updates.
Why short boeing
- MACD bearish volume with no curve
- VWAP broken without big bounce at VWAP
- RSI has new LL
Targets:
192.36
175.42
Falling to BBand at 158 would be pushing it but for a longer term holder could be plausible.
SL @ 219
Good luck
Please note: I do short term holding, will not hold this position longer than a day or two. Check back for updates.
Comment:
Closed at 214 & reversed