Boeing Trading Analysis (15/05/2024)

The trend is descending. The ascending wave structure is truncated. The stock is traded in the range between 365 and 135 ЕМА. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought state.

Trading idea:

Sell when the formation of the descending wave structure begins, when the A-wave breaches the sloping channel of the upward truncated structure.

Stop-Loss 184.00.

Target price levels at 168.00 and 160.20.

#boeing #stock #stocktrading #tradingstrategies #tradingmt5