Boeing trading above channel resistance
Boeing Company (BA) presently trading above channel resistance, able to absorb weekly selling pressures.
If a weekly settlement above this resistance occurs, (BA) will be placed into a buy signal where gains of 20-25% would be anticipated over the following 2 - 3 months.
Inversely, if (BA) fails to close above the channel top at the end of this week, this will allow (BA) to fall back to channel support, eliciting losses of a similar magnitude over the next 1 - 2 months.
If a weekly settlement above this resistance occurs, (BA) will be placed into a buy signal where gains of 20-25% would be anticipated over the following 2 - 3 months.
Inversely, if (BA) fails to close above the channel top at the end of this week, this will allow (BA) to fall back to channel support, eliciting losses of a similar magnitude over the next 1 - 2 months.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.