Boeing Wave Analysis 11 March, 2021

• Boeing broke resistance level 242.00

• Likely to reach resistance level 260.00

Boeing recently broke through the resistance level 242.00 (former multi-month high from December – which stopped the previous impulse wave (5)).

The breakout of the resistance level 242.00 coincided with the breakout of the daily up channel from January – which accelerated the active impulse wave (3).

Boeing is likely to rise further toward the next resistance level 260.00 (target price for the competition of the active impulse wave (3)).