Boeing $BA #BA - Wedge resistance breakout
After bouncing off demand zone, Boeing 
BA has now reached its wedge resistance where it has been trending down for the past few months. I am now looking for a break above this wedge resistance aimed at $154.98 to reach a target of $161.27.
The $146 demand zone has seen a strong hold since the beginning of October. Before thatBA has been trailing down forming many ranges and creating a strong rising wedge on its weekly frame.
This analysis leads me to believe that we may see a potential short term trend reversal till its upcoming earnings schedule on the 23rd of October.
BA has now reached its wedge resistance where it has been trending down for the past few months. I am now looking for a break above this wedge resistance aimed at $154.98 to reach a target of $161.27.The $146 demand zone has seen a strong hold since the beginning of October. Before that
BA has been trailing down forming many ranges and creating a strong rising wedge on its weekly frame.This analysis leads me to believe that we may see a potential short term trend reversal till its upcoming earnings schedule on the 23rd of October.
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.
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.