Trading Idea for Boeing Co. (NYSE)

Boeing Co. (NYSE)
#BA

The trend is bullish. The stock is trading within the 365 and 135 EMA range. The downward wave structures are truncated. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates oversold conditions.

Trading Idea:
Buy upon the formation of an upward wave structure where wave (A) breaks through the trendline of the downward truncated structure.

Stop Loss: 210.50
Target levels: 220.70; 235.50