Boeing: Long Opportunities!

7 days ago

As expected, Boeing has recently moved down into our green Target Zone between $146.35 and $113.35. Within this price range, we anticipate the low of the green wave [2]. Once this low is established, we expect the stock to resume its upward trajectory, as the subsequent green wave [3] should have significant potential, targeting levels well above the resistance at $267.54. Our Target Zone can thus serve as an entry point for long positions. To manage risk, traders could place a stop-loss 1% below the lower boundary of the Zone.