Continuing upward movement pattern in a 120-140$ range is formed on a weekly chart of Boeing Company. Chart of RSI rose above the 50 level, forming a double bottom reversal pattern. It is expected that the downward price movement will be bought on the level of $125 to break the pattern figures upwards.
First target is to repeat highs at 142-144$
Stop-loss – lower 120$ by the end of the day
First target is to repeat highs at 142-144$
Stop-loss – lower 120$ by the end of the day