THE BOEING CO.: TECHNICAL ANALYSIS
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL STOP |
| Entry Point | 170.00 |
| Take Profit | 154.00 |
| Stop Loss | 180.00 |
| Key Levels | 150.00, 154.00, 160.00, 173.00, 178.00, 185.00, 195.00 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 179.00 |
| Take Profit | 195.00 |
| Stop Loss | 172.00 |
| Key Levels | 150.00, 154.00, 160.00, 173.00, 178.00, 185.00, 195.00 |
Shares of The Boeing Co., one of the largest manufacturers of aviation and space technology, are trading at 173.00.
On the daily chart, the price is declining within the downward corridor of 185.00–160.00.
On the four-hour chart, the wave may reach the channel support line of 150.00, given last year’s low of 178.00 renewal. The likelihood of a reversal and growth is still very low. However, if the quotes consolidate above the previous low of 179.00, upward dynamics may develop.
Technical indicators strengthen the sell signal: fast EMAs on the Alligator indicator move away from the signal line, expanding the range of fluctuations, and the AO histogram forms corrective bars below the transition level.
Trading tips
Short positions may be opened after the price declines and consolidates below 170.00, with the target at 154.00. Stop loss – 180.00. Implementation period: 7 days or more.
Long positions may be opened after the price rises and consolidates above 179.00, with the target at 195.00. Stop loss – 172.00.
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