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Trading Idea - Boeing, 21-11-2023
Trading Signal: #S-BA
| Order | Sell |
| Direction | Range Bound |
| Pattern | Trading in flag pattern |
| Interval | 4 hours |
| Length (Candles) | 4 |
Idea Summary
The medium term Boeing stock price forecast is bearish. The #S-BA price is testing the resistance of a flag chart pattern. Most likely the price will reverse and start retreating below the resistance toward the 200-period moving average MA(200) while there is a likelihood it may continue rising and breach above the resistance of the flag pattern.
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