Boeing Company (The)
Long

Ready for Takeoff?

278
snapshot

BA Boeing Shares had a volatile performance this week, with a decent uptrend rally on Thursday and Friday .

This is my strategy:

Using Bollinger Bands and Fibonacci Retracement, we see a slight trade volume and volatility increase as the price surpasses the SMA and nears the upper band. The price is at $179.79. We can expect it to reach a price target of $184.15 (test strategy here) before retracement or reversal as the shares will near overbought status.

Enter at price targets: $175.15 and $164.21

Hold for the price to cross $196.27 for uptrend confirmation.

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