Boeing has repeatedly disappointed investors and customers over the past few years. Since the beginning of 2019 alone, most of the company's major revenue-generating aviation and defense programs have faced significant setbacks.
Our Analysis:
As long as the price is below 142.70, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 135.13
- Take Profit 1: 125.20
- Take Profit 2: 121.70
Alternative scenario:
If the level of 142.70 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 142.70
- Take Profit 1: 148.90
- Take Profit 2: 152.60
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