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IMF_Trading
May 25, 2020 4:39 PM

$BA Pop off the bull pennant 

Boeing Company (The)NYSE

Description

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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