The breakout of Boeing Co. through the 203.30 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Boeing Co. to test 215.57 within the next 8 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
BIDU – approaching a resistance line that has been previously tested at least twice in the past
BIDU is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of…
ADBE seems to be on its way to resistance – a possible opportunity?
ADBE is heading towards a line of 357.8900. If this movement continues, the price of ADBE could test…
Because GOOGL formed a Channel Up pattern, we expect it to touch the support line. If it breaks through support it may move much lower
GOOGL is heading towards the support line of a Channel Up. If this movement continues, the price of…