Technical analysis

Boeing Wave Analysis 11 March, 2021

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)).

Article Rating
Rate this post