Boeing has been in a painful downtrend channel since last year. However, things are turning up in technical world.
Looking like it is heading towards the upper trendline of the channel around $210. If the break out is confirmed, the price can potentially head to $250.
Target 1 - $210
Target 2 - $250
Stop - $184 and below
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines show support and resistance areas.
- Fib lines also show support and resistance areas.
- The dotted white lines show the price projection for breakout or breakdown target.
Disclaimer: Not investment advice.
Looking like it is heading towards the upper trendline of the channel around $210. If the break out is confirmed, the price can potentially head to $250.
Target 1 - $210
Target 2 - $250
Stop - $184 and below
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines show support and resistance areas.
- Fib lines also show support and resistance areas.
- The dotted white lines show the price projection for breakout or breakdown target.
Disclaimer: Not investment advice.