$BA Breaking Out or Double / Triple Topping?

8 ביוני 2023

Boeing – This has been a frustrating name for me. It broke out in January, of which I caught some. But it has been in a range, a wide range for 6 months. I took advantage of the bad news on Tuesday, Jun 6 when it dipped and bought a starter at $202 (sometimes its better to be lucky) and added again today as it breaks above an area of resistance. However, it has entered Double / Triple Top Territory so for new entries at this level the caution flag should be out. My average cost is $210.05 and that is where I have my stop. This could be one for your watchlist because of both the breakout and high volume today, already near its 10-day average.

I hope this helps someone. These are my ideas and are not meant as investment or trading advice.

Thanks for looking. Constructive comments always welcome.