Boeing Wave Analysis – 20 February 2025
- Boeing reversed from the resistance zone
- Likely to fall to support level 177.10
Boeing recently reversed down from the resistance zone between the multi-month resistance level 187.45 (which has been reversing the price from last July) and the upper daily Bollinger Band.
The downward reversal from this resistance zone stopped the C-wave of the previous ABC correction (2) from November.
Given the strength of the resistance level 187.45 and the overbought daily Stochastic, Boeing can be expected to fall to the next support level 177.10 (low of the earlier correction ii).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.