Boeing Co.: wave analysis
23 May 2018, 09:21
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 354.99 |
| Take Profit | 390.00, 400.00 |
| Stop Loss | 320.38 |
| Key Levels | 276.34, 320.38, 390.00, 400.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 320.30 |
| Take Profit | 276.34 |
| Stop Loss | 335.00 |
| Key Levels | 276.34, 320.38, 390.00, 400.00 |
The trend is upward.
On the 4-hour chart, the upward momentum is forming within the third wave of the higher level (3). Now the fifth wave 5 of (3) is developing, within which the third wave of the lower level iii of 5 is forming. If the assumption is correct, the price will grow to the levels of 390.00–400.00. The level of 320.38 is critical and stop-loss for this scenario.
Main scenario
Long positions will become relevant during the correction, above the level of 320.38 with the targets at 390.00–400.00. Implementation period: 5–7 days.
Alternative scenario
The breakdown and the consolidation of the price below the level of 320.38 will let the price go down to the level of 276.34.
On the 4-hour chart, the upward momentum is forming within the third wave of the higher level (3). Now the fifth wave 5 of (3) is developing, within which the third wave of the lower level iii of 5 is forming. If the assumption is correct, the price will grow to the levels of 390.00–400.00. The level of 320.38 is critical and stop-loss for this scenario.
Main scenario
Long positions will become relevant during the correction, above the level of 320.38 with the targets at 390.00–400.00. Implementation period: 5–7 days.
Alternative scenario
The breakdown and the consolidation of the price below the level of 320.38 will let the price go down to the level of 276.34.
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