Boeing Next Big Move is going to depend on MACD

28 พ.ค. 2020

To keep this short and simple, Boeing will move based on the next MACD candle that gets created on the 4 Hour chart

If the next candle is dark green were going to see BA at $170 by next week

If the next candle is a lighter green we will begin our decent back to $134, then retest support. If it break support were headed straight down to $121/$120 area

i DO NOT think that we will see Boeing go under $121 again unless we have another Leg down and the SPY collapses again

if we do go down to $121 area again go in BIGLY on Calls or shares whatever juices your orange

the bearish trend was just broken by the break in price of $134 and again at $146

TL;DR Long BA to $170 if next candle created on 5/28 is a dark green candle indicating BA is still very bullish. Short BA if next MACD candle is a lighter green on the 4 hour chart indicating a short term bearish trend that will go back down to the $134 price

Note: On average, Boeing bearish leg downs are around $20.