Boeing Is Weaving in a Channel

2022年2月22日

Boeing has drifted lower for nearly a year, and prices may be in a channel that could interest traders.

First notice the highs of June, November, January and this month. Then consider the lows of July, November and December. BA has trended within those lines, which could make some traders expect a retest toward the lows.

Next, the 200-day simple moving average (SMA) has marked the top of this pattern.

Third, stochastics showed overbought readings at each of the tops. That condition applied once again last week.

Finally this chart includes our custom script MA Speed with the 10-day SMA. The indicator is currently sliding toward the red, which previously anticipated price dips.

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