Boeing (BA) ascent has been similar to a plane take off rising sharply into the skies. As shown on the chart the trendlines are becoming more & more steeper. In addition to a break of the steepest minor trendline, yesterday’s action also illustrate a 2 day island reversal. Although BA gaps a lot, the island formation should be taken into consideration.
Did you know that Europe approved use of in-flight electronics during take-off & landing. Read more here
- Boeing Airplanes To Have Folding Wings. (moptoolz.wordpress.com)
- Boeing Tumbles as Oppenheimer Cuts on Optimism-Obscured Challenges (blogs.barrons.com)
- Boeing Deals Fly High in Dubai, and 4 More Things You’ll Want to Know Today (dailyfinance.com)