Is BA- Boeing Company ready for bullish continuation ?
Updated
BA is in the industrial sector. Presently a sector may be underway with the industrial sector
(XLI) getting more attention and some upticks. On the daily chart BA is seen in consolidation
at the high volatility high volume area about the POC line of the volume profile. In 2022,
BA descended from its post-COVID highs into a double bottom of the "W" type. Since then
the uptrend continued into the present consolidation. The zero-lag MACD shows the K /D lines
crossing the zero horizontal line. BA is further supported by the long term mean of the anchored
VWAP.
Given the pattern and trends on the highly reliable daily chart. I see this as a good setup for a
long swing trade of either stocks or call options with about 40% upside to the supply zone. I
see it as a good way to diversify away from technology for better risk management.
(XLI) getting more attention and some upticks. On the daily chart BA is seen in consolidation
at the high volatility high volume area about the POC line of the volume profile. In 2022,
BA descended from its post-COVID highs into a double bottom of the "W" type. Since then
the uptrend continued into the present consolidation. The zero-lag MACD shows the K /D lines
crossing the zero horizontal line. BA is further supported by the long term mean of the anchored
VWAP.
Given the pattern and trends on the highly reliable daily chart. I see this as a good setup for a
long swing trade of either stocks or call options with about 40% upside to the supply zone. I
see it as a good way to diversify away from technology for better risk management.
Trade active
Call options and stock prices are moving well.Trade active
Nice action. For a slow mover, BA is doing quite a bit. Call options up 38% early inthe expected trade duration.
Trade active
BA continues its slow and gradual uptrend in keeping with the general actions ofthe industrial sector at large. Stop loss is above the entry- this is a free trade.
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.