Boeing Long ideaNYSE:BA is currently breaking into the supply zone. However, one can start to add on to the position here.
A decisive break above 186 levels can take it up to 240 levels.
Boeing
The #1 Question... When To Buy & Sell! (BTC)To all existing students we want to say thank-you for enrolling with Major League Trader! 😁
We are always working on developing additional studies to add to your current curriculum and we think we may of found an additional method to make the current "Crossover Strategy" even more powerful!
This will make the buy and sell opportunites even Easier to identify with less chop.
We will be adding this study to your course shortly.
Take a brief overlook of the chart of bitcoin above and notice how easy it is to find the major trend shifts.
We hope you will enjoy this addition to your study guide.
This will work with any market.
See you soon!
Happy Trading,
MLT | Major League Trader
BA: Speculative at New All-time High with Contrarian Long-term POnly 2 of the DJIA components are currently at new all-time highs: BA and PG. Boeing gapped and ran up on earnings news with a boost from HFTs and buybacks. Currently, the number of shares held by institutions is dropping. Vanguard, Blackrock, Price T Rowe, State Street, Capital World Investors, Northern Trust, all giants of the Buy Side, have lowered held inventory in recent months. The stock is at a speculative price as smaller funds buy heavily and buybacks of up to $14 billion move price up. Whether this will be a good strategy for BA this year remains to be seen. The chart is the Long-term Trend Monthly chart showing the severity of the speculative buying. Also you can see the Cycle chart pattern using the DPO indicator with a failure to trough V shape. Volume shows a steady decline as well. These are contrarian indicators to what price is doing.
