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Boeing Holding Channel For Now.I am mainly focused on the 3day for a boeing entry.
We currently on the daily have some nice support holding up price on the current channel.
I am allowing it some more time to develop on the 3day timeframe to see how the candle and the ema dots play out. As of now I have no indication to buy 3day.
Neutral.
Boeing finally showing a trendTechnical analysis
Boeing showing support at the trend-line forming since the march lows.
A close below $152 is a break of the lower highs trend
Sentiment, technicals, and fundamental views for Boeing are weak. However:
risk-reward-ratio is very attractive
Still a global duopoly (Boeing and Airbus)
Heavy support from the government to help it succeed
Focus On What Matters The Most... Trend Trading!Sometimes as traders we tend to focus on every little move and get overwhelmed with price action.
I personally believe making your charts simple is the key to success!
1. Trend Trading
2. Risk Management
The 2 things that matter the most by far when it comes to trading. You as a trader need to step away from focusing on every price action move in the markets, and focus on trend. Trying to be overly aggressive on trying to capture exact bottoms and exact tops will only lead to more stress. With trend trading we can filter out a lot of the noise and focus on what matters the most!
Here we look to buy or sell when all 3 charts line up the same color to identify bigger moves in the markets. This is good for both swing trading and daytrading. The reason a lot of traders FAIL as daytraders is because they get lost in all of the noise on the lower timeframes and also try to play every breakout. If you just focus on trend you will have a better chance at becoming a better trader.
We than manage our risk whenever we do get a trend chop and learn how to get out of a trade and not let them run against us.
Trend + Risk Management = Happy Trader 😁
Boeing Needs To Hold Here... Or It Will Get Ugly!Ever since I got rid of this long back on june 8th for a 58% gain, it has only collapsed.
Now I'm interested in boeing now that we have some major structures to play with since the correction from the lows.
Now we can identify major levels of trends for support and Resistance to play for our next entry.
You can play both sides of the market for boeing at this 158$ price area as it is testing a major level of upward support for an aggressive play.
Keep in mind that the larger timeframes like the 3 day continue to bleed out red on all indicators.
Personally if I was going to attack long here I'd scale in with a small position. I'm more in favor of letting it play out some more and see how it reacts based off the indicators. Keep in mind that the dow is also under pressure currently which we could factor into the market overall.
It will all come down to Monday market open to see how the orders stack up.
Boeing is not goingBoeing looks like its going back to 140 levels and possibly lower later this month.
Moving averages are showing a down trend, my first goal is 140 since its a demand.
Plus a small thought , we all now that Boeing as a company will not be selling planes for a long long time.we wont be hearing good news from this company anytime soon.