Boeing received good news, "Boeing Max Edges Toward China Return as Test Flights Near."
- 20MA & 50MA above the 200MA.
- Bullish Engulfing pattern on Thursday (7/8/21) w/ strong bullish volume.
- Bounce off of Symmetrical support. Could revisit 200MA (yellow line) to test a bounce if bullish momentum is short lived.
However, I am uneasy about the market in general (inflation, COVID variations, etc.). BA could potentially drop back to $221 before climbing to $253.65, unless more good news is released.
Short Term: BULLISH (2 weeks)
Hedging with 8/20 Puts wouldn't be terrible.
- 20MA & 50MA above the 200MA.
- Bullish Engulfing pattern on Thursday (7/8/21) w/ strong bullish volume.
- Bounce off of Symmetrical support. Could revisit 200MA (yellow line) to test a bounce if bullish momentum is short lived.
However, I am uneasy about the market in general (inflation, COVID variations, etc.). BA could potentially drop back to $221 before climbing to $253.65, unless more good news is released.
Short Term: BULLISH (2 weeks)
Hedging with 8/20 Puts wouldn't be terrible.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.