View: Boeing_Daily_June092015.jpg
Boeing_Daily_June092015.jpg
Boeing setting up for a POTENTIAL long trade.
Today price dipped to just above the 50% retracement of BA's most recent up impulse.
In addition, we have prior structure from early June 2014, as well as the 200-day SMA nearby for technical support.
Both the 12,3 slow stochastic and the SMI 34 are in extreme bearish readings, another sign for a potential reversal.
Should we see BA begin to trade bullish intraday, and CLOSE a daily candle above 141.37, a long position can be considered with a working thesis of a double bottom on the daily chart
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