IMF_Trading

$BA Pop off the bull pennant

NYSE:BA   BOEING CO
Using the .786 fib combined with a breakout of the bull pennant as indication that $BA can run higher.

RSI indicates that we are not overbought or oversold.
SMI indicates there is room to run.
MACD bars are also showing that the level of selling is drying up and buyers will enter.

Buy above $138.10
Stop Loss: $132.90
Watching for next level of resistance @ $144.50

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