Boeing Daily Analysis:
On the daily chart an "Inverted head & shoulder pattern can be seen as well cup and handle.
Weekly breakout took place in boeing above 365 na d 370 levels.
If we see the same on the daily charts, Immediate supports are the 2 two broken green lines
@ 370.48 and 375.86 respectively, whereas the immediate resistence(blue broken lines) are...
Yellow box: M formation is done. The last candle is a spinning top which indicates indecision in this counter. A break below 340 pinpoint may show us 330 levels. Another support is there at 324 where consolidation can be seen. If any bad news in BA other downside levels will open. This is my cautious view for the coming week.
Boeing opened a case against Bombardier at the Commerce Department's International Trade Commission in April accusing the company of dumping its C Series passenger jets into the U.S. market at "absurdly low prices." Canadian Prime Minister Justin Trudeau countered this claim by renewing his threat to scrap a potential deal to buy fighter jets from Boeing. However...