Boeing Company (The)

Short

Short BA

Updated

Parabolic moves up don't end well.

Trade active

Resistance at $224 has been rejected and we broke below $217 price level. If we are not gapping up tomorrow, I expect this to continue to descend to close the 180 gap by the end of the week. Can be a turbulent flight.

Note

I would also take out profits at around $200, because it will be hard to break that psychological resistance.

Trade closed: target reached

Took profits at $200 support.

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