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Trade idea for Boeing Co. (NYSE)


#BA

The general trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The share is traded between 365 and 135 moving averages and the upper border of the descendant price channel. The inclined channel of the ascendant truncated structure is breached.

Trade idea: 

Sell when level 184.62 is breached.

Stop-loss: 193.37.

Target levels: 172.57; 167.80.

Author: GC
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