BA (Boeing) looks interesting here. The stock has been declining for eight consecutive weeks and is currently resting on the 50% Fibonacci retracement level.Reversals typically occur around the 50% to 61.8% Fibonacci retracement levels.
The MACD indicator is on the verge of a bullish crossover, and the RSI remains in oversold territory.
There's a possibility that it could bounce from this point.
It is a bit risky as it can still drop to $167 area.
Upside targets:
$196
$214
Downside risk:
$167
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.