Antony_NPBFX
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The Boeing Co.: technical analysis 12.04.2024
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on The Boeing Co. for a better understanding of the current market situation and more efficient trading.
Shares of The Boeing Co., one of the largest manufacturers of aviation and space technology, are trading at 173.00.
On the daily chart, the price is declining within the downward corridor of 185.00–160.00.
On the four-hour chart, the wave may reach the channel support line of 150.00, given last year’s low of 178.00 renewal. The likelihood of a reversal and growth is still very low. However, if the quotes consolidate above the previous low of 179.00, upward dynamics may develop.
Technical indicators strengthen the sell signal: fast EMAs on the Alligator indicator move away from the signal line, expanding the range of fluctuations, and the AO histogram forms corrective bars below the transition level.
Trading tips
Short positions may be opened after the price declines and consolidates below 170.00, with the target at 154.00. Stop loss – 180.00. Implementation period: 7 days or more.
Long positions may be opened after the price rises and consolidates above 179.00, with the target at 195.00. Stop loss – 172.00.
Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast
You can learn more about the current situation and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as GBP/USD, EUR/USD, USD/CHF, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on The Boeing Co. and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on The Boeing Co. for a better understanding of the current market situation and more efficient trading.
Shares of The Boeing Co., one of the largest manufacturers of aviation and space technology, are trading at 173.00.
On the daily chart, the price is declining within the downward corridor of 185.00–160.00.
On the four-hour chart, the wave may reach the channel support line of 150.00, given last year’s low of 178.00 renewal. The likelihood of a reversal and growth is still very low. However, if the quotes consolidate above the previous low of 179.00, upward dynamics may develop.
Technical indicators strengthen the sell signal: fast EMAs on the Alligator indicator move away from the signal line, expanding the range of fluctuations, and the AO histogram forms corrective bars below the transition level.
Trading tips
Short positions may be opened after the price declines and consolidates below 170.00, with the target at 154.00. Stop loss – 180.00. Implementation period: 7 days or more.
Long positions may be opened after the price rises and consolidates above 179.00, with the target at 195.00. Stop loss – 172.00.
Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast
You can learn more about the current situation and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as GBP/USD, EUR/USD, USD/CHF, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on The Boeing Co. and trade efficiently with NPBFX.