Technical analysis

Boeing Wave Analysis 21 April, 2021

• Boeing reversed from support area

• Likely to rise to resistance level 250.00

Boeing recently reversed up sharply from the support area located between the pivotal support level 232.60 (former strong support from the end of March), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse (1) from January.

The upward reversal from this support area stopped the previous intermediate ABC correction (2).

Boeing is likely to rise further toward the next resistance level 250.00 (former support from the start of April).

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