$BA Breaking Out or Double / Triple Topping?
Boeing – This has been a frustrating name for me. It broke out in January, of which I caught some. But it has been in a range, a wide range for 6 months. I took advantage of the bad news on Tuesday, Jun 6 when it dipped and bought a starter at $202 (sometimes its better to be lucky) and added again today as it breaks above an area of resistance. However, it has entered Double / Triple Top Territory so for new entries at this level the caution flag should be out. My average cost is $210.05 and that is where I have my stop. This could be one for your watchlist because of both the breakout and high volume today, already near its 10-day average.
I hope this helps someone. These are my ideas and are not meant as investment or trading advice.
Thanks for looking. Constructive comments always welcome.
I hope this helps someone. These are my ideas and are not meant as investment or trading advice.
Thanks for looking. Constructive comments always welcome.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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