A heavy week for Boeing, but the double bottom holds
Boeing slips 1.9% as sellers retake control, but the double bottom near 209 holds
A heavy week for Boeing, but the double bottom holds
Our view last week
Boeing closed out the model's coverage in week 12 of an open buy: the residual capital runs at +4.07% with the stop now tracking the Inversion Point, in the 215 area. The week closed with a 4.3% rebound and buy volume at 92%, after two heavy sell weeks. Under the surface, though, momentum keeps weakening session group after session group.
This week's summary
Boeing shares slip 1.9% this week in a mixed technical analysis picture: sellers regain control of the tape, at 85%, and money flow slides further negative, giving back part of last week's 4.3% rebound. On the daily chart, though, the double bottom in the 209 area holds, with a 7% intermediate rebound. The open buy trade runs at +2.14%, with the stop now at breakeven.
IQS Phase
51
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#40 / 129
US stocks in progress
Trade P&L %
+2.14%
from signal to today
restricted Platinum content