Trading Idea for Boeing Co. (NYSE)

#BA

The overall trend is upward. The price pivot zone of 191.44 is holding back sellers.  The descending pattern is truncated. A bullish divergence has formed on Awesome Oscillator, and  Stochastic Oscillator indicator signals oversold conditions.

Trading idea:

Buy when an ascending pattern is formed, where the wave (A) breaks through the inclined channel of the descending pattern.

Stop loss under the local minimum (191.44).

Target levels: 241.53; 290.00.