Boeing Company (The)Short
BA update (Boeing)
The Biggest short on my list this week.
I'll explain
1. Rejected off Fib level 160.83
2. Rejected from 200sma (Gold wave)
3. Volume falling off a cliff
4. Money flow over bought on 2-4 hour timeframes
5. Outside its Daily Bollinger bands
Entry-Below 160
Stop 163
Target - 150
If it breaks trendline support I'll re-enter short
I'll explain
1. Rejected off Fib level 160.83
2. Rejected from 200sma (Gold wave)
3. Volume falling off a cliff
4. Money flow over bought on 2-4 hour timeframes
5. Outside its Daily Bollinger bands
Entry-Below 160
Stop 163
Target - 150
If it breaks trendline support I'll re-enter short
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