Trade Idea for Boeing Co. (NYSE)

Boeing Co. (NYSE)

#BA

The trend is bullish. The stock is trading within the range of the 365 and 135 EMAs. The truncated bearish wave structure has completed with a breakout of the descending channel. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy on a breakout above 230.20.

Stop Loss – 223.65.

Target levels – 236.00; 245.20.