Boeing has just been a beast, straight up.
Short interest uptick last week but they got destroyed, as most shorts do in this day and age haha.
I see its kind of tapered off a bit. Perhaps next week we can actually see pullback.
There isn't a lot of volume up here:
So we could actually see a move back to 252 range as pullback and then continue up.
That said, I am and will always be bullish on BA, so buy the dip .... at your own risk ;).
I foresee BA retracing previous highs. It's fundamental and the fact that it is essentially an oligopoly with Airbus and Embraer is finally catching on to investors.
Safe trades!
Short interest uptick last week but they got destroyed, as most shorts do in this day and age haha.
I see its kind of tapered off a bit. Perhaps next week we can actually see pullback.
There isn't a lot of volume up here:
So we could actually see a move back to 252 range as pullback and then continue up.
That said, I am and will always be bullish on BA, so buy the dip .... at your own risk ;).
I foresee BA retracing previous highs. It's fundamental and the fact that it is essentially an oligopoly with Airbus and Embraer is finally catching on to investors.
Safe trades!
Note
BA, the only thing unphased by the panic sell today.It is consolidating for a likely move higher, which may not come till next week.
Its holding PL1 was support.
You can play the range or wait for the break up.
Will post next week's levels over the weekend :-).
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- Live Updates,
- Discord access,
- Access to my Proprietary Merlin Software,
- Access to premium indicators,
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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.
Easter sale starts April 18th for 50% off!
Get:
- Live Updates,
- Discord access,
- Access to my Proprietary Merlin Software,
- Access to premium indicators,
patreon.com/steversteves
Get:
- Live Updates,
- Discord access,
- Access to my Proprietary Merlin Software,
- Access to premium indicators,
patreon.com/steversteves
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.