BA (BOEING) daily analysis.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 382.14 and 385.30
Once this stock is stable above 385 we can see targets of 400+
One can long in this counter with a stop of 361.10
A major breakout is expected to happen above 385 in this counter.
Boeing737max
Boeing cautious view for the next week!!!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.