Need to know advice for all new traders in the stock market.
Boeing, with its headquarters in Chicago, is now the biggest manufacturer of military (including the space) and aviation technology in the world. Recently, a new generation of fighter aircraft, developed by the company made its first test flight, and it was successful. Shares of the company have gone up all the time, because the fighters already by 2024 can enter the US Army. But today, the market froze in anticipation - Turkishair cargo Boeing crashed in Kyrgyzstan. What will be the outcome of the investigation? How will this affect the shares of Boeing?
Shares of the company shot up again to new heights in the stock market. All of our recommendations, which we did earlier, reached the target. We greatly underestimated the capabilities of these shares. Their growth is impressive in its scope, which could significantly increase your account with a broker. This steady upward trend rarity on the waves of the stock market unpredictability. Now shares huddle to the level of 160.00. If you draw a support trend line, the triangle will be visible. This figure shows the continuation of the current trend, mainly up. So we wait for the price break through this new high, and buy the stock with a realistic target at 300 points.
The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.
If the resistance level is broken you can use the following recommendation:
• Chart timeframe: H4
• The trade recommendation: Buy
• The level of entry into long position: 160.00
• The level of profit and close the position: 163.00 (300 pips)
Possible bullish movement in the breakout of the resistance level 1208
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.1980
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 1.0140
Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 113.50
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