Since Feb 2020 Boeing has been stuck beneath its weekly 200sma.
Since the double bottom from October low Boeing has been consolidating along with the Dow, that consolidation has formed a flag or Handle for a double bottom continuation. If Boeing does breakout I have a target of 267 but first a 225 test. Alot will depend on if the dow can breakout (See link).
Long over 216
Stop loss 213.
Here's how the pennant or flag looks on the daily
Candle outside Daily bbands so we may pullback first.
Since the double bottom from October low Boeing has been consolidating along with the Dow, that consolidation has formed a flag or Handle for a double bottom continuation. If Boeing does breakout I have a target of 267 but first a 225 test. Alot will depend on if the dow can breakout (See link).
Long over 216
Stop loss 213.
Here's how the pennant or flag looks on the daily
Candle outside Daily bbands so we may pullback first.
