Trading Analysis of Boeing

Source: PaxForex Premium Analytics Portal, Technical Insight

Boeing Co.'s International Space Station Program Manager, Marc Malkin, will leave the company next month and be replaced by a senior official. Malkin's resignation is the last management transition to sensor space stations. 

Boeing, H4

Pivot: 185.54

Analysis:

Provided that the asset is traded above 185.50, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 185.54
• Take Profit 1:  198.30
• Take Profit 2: 208.10

Alternative scenario: 

In case of breakdown of the level 185.50, follow the recommendations below:

• The timeframe: H4
• Recommendation: short position
• Entry point: 185.50
• Take Profit 1: 174.20
• Take Profit 2: 163.45

Comment:

RSI shows an uptrend.

Key levels:

Boeing, D1

Pivot: 187.02

Analysis:

While the asset is traded above 159.80, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 187.02
• Take Profit 1: 238.10
• Take Profit 2: 258.10

Alternative scenario:

If the level 159.80 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 159.80
• Take Profit 1: 128.50
• Take Profit 2: 109.80

Comment:

RSI above 50. MACD is positive and below its signal line. The stock may recover in the short term. Besides, the stock is above its 20 and 50-day moving average (by 178.29 and 151.85 respectively). 

Key levels:

We also advise you to pay attention to Apple for intra-day trading:

Pivot: 351.70

Analysis:

While the asset is traded above 332.00, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 351.70
• Take Profit 1: 370.00
• Take Profit 2: 386.00

Alternative scenario:

If the level 332.00 is broken-out, follow the recommendations below.

• Time frame: H4
• Recommendation: short position
• Entry point: 332.00
• Take Profit 1: 319.00
• Take Profit 2: 300.00