Boeing chart analysis price is holding support zone for now, between 300 - 330! Break below that zone may offer good short with first target the Monthly 50 EMA around 280 and 0.500 FIB at 275 as first target and second target maybe 0.618 FIB around 230! On the other hand if this support zone hold and the price break above the descending tingle on the daily we may...
entry signal but i'm not sure how hi we go. this may climb to a lower hi and roll over. trade safe mnovo
Have a great day all!
Have a wonderful day all
Have a wonderful day
Boeing has peaked for now on the news that 20% production will be cut.
"Boeing Company (The) is expected* to report earnings on 04/24/2019 before market open." Boeing has more downside, however, at a certain price there is value!
Quick update on Boeing.
Despite all the bad news, we are likely to see a bounce occur around these levels.
Expecting a rally soon for wave B.
If I wanted BA, I will wait for this possible retracement.
Take the title with a pinch of salt, I was expecting a sell-off however based on a more probabilistic view.
A chart perspective of Boeing.
Waiting for the corrective wave to hit its target and we can hit that put button shoutout to @Avaz and the boys there.
Sorry for the background noise, at the trading desk.