Boeing Co.: wave analysis
18 January 2019, 08:33
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 359.14 |
| Take Profit | 394.50, 425.10 |
| Stop Loss | 324.15 |
| Key Levels | 250.10, 292.60, 394.50, 425.10 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 292.50 |
| Take Profit | 250.10 |
| Stop Loss | 306.65 |
| Key Levels | 250.10, 292.60, 394.50, 425.10 |
The price may grow.
On the 4-hour chart, a correction of the higher level formed as the fourth wave (4). Now the development of the fifth wave (5) has begun, within which the first entry wave of the lower level (i) of i of 1 of (5) has formed. If the assumption is correct, after the correction (ii) of i the price will grow to the levels of 394.50–425.10. In this scenario, critical stop loss level is 292.60.
Main scenario
Long positions will become relevant after the end of the correction, above the level of 292.60 with the targets at 394.50–425.10. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 292.60 will let the price go down to the level of 250.10.
On the 4-hour chart, a correction of the higher level formed as the fourth wave (4). Now the development of the fifth wave (5) has begun, within which the first entry wave of the lower level (i) of i of 1 of (5) has formed. If the assumption is correct, after the correction (ii) of i the price will grow to the levels of 394.50–425.10. In this scenario, critical stop loss level is 292.60.
Main scenario
Long positions will become relevant after the end of the correction, above the level of 292.60 with the targets at 394.50–425.10. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 292.60 will let the price go down to the level of 250.10.
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