Boeing: double bottom holds despite the 3.7% drop
Boeing sheds 3.7% but the double bottom in the 209 area still holds
Boeing: double bottom holds despite the 3.7% drop
Our view last week
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.
This week's summary
Boeing sheds another 3.7% this week: sellers regain control of the tape at 72%, extending the mixed picture from seven days ago, when sellers already held 85% after the prior week's 4.3% rebound. Money flow slides further negative and momentum caves in, but on the daily chart the double bottom in the 209 area holds, with a 14% intermediate rebound. The open buy trade, in its 14th week, stays protected by its breakeven stop.
IQS Phase
33
ordinary
Signal Strength
66
medium
Sizing
STANDARD
Ranking
#34 / 112
US stocks in progress
Trade P&L %
-1.65%
from signal to today
restricted Platinum content