Boeing: Not yet at maximum altitude ✈️

Aug 7, 2023

Even though the price of Boeing softened a bit last week, we believe that it has not yet reached its peak. It is still in the green wave [1], for the completion of which it must rise to our green target zone between $247.91 and $265.42, where short positions are worthwhile. Only then can it go down in our estimation. However, it is now important that it holds above its support at $228.16, otherwise it will come under significant downward pressure. If it falls too much against our expectations, the price is already in its old wave[2], the end of which is in sight in our second green target zone below. We give this alternative scenario a probability of 34% and buyers should keep an eye on it.