My former Analysis "BOING - Ready for Takeoff?" did not occur. (tradingview.com/chart/BA/UPXHd2wP-BOING-Ready-for-Takeoff/) With the break of the 200 sma the flag did not last anymore. The break of the ema 200 came along with a break of the longterm uptrend! From then on the stock crashed to its former low @ 116 - the buying Zone between 116-119$ -my target on the downside was rechaed exactly.
The stock rebounded to it s maximal correction Level, the 62,8 fibo-retracement @ 133.55$ - (144.91-115.17) and turned from then on red again. Now we see a very huge neutral Zone between 115-145. Within that neutral Zone imo there is no action needed. Just the part above 135$ will generate a weak bullish Signal with target 139. But all Prices below the ema 200 and the longlasting uptrend @ 145$ will leave the Chart bearish. A clearance just occurs, if BA is traded above 150$. Only than the Chart turns bullish again for the longterm view. Prices below the buying-zone between 116-119$ will generate new short signals.
Former analysis: Boing is forming a bullish flag. Have a look @ the EMA 200. This is the Make-or-Break-Level to watch!
Should BOING establish a support @ 140$ and beats the resist @ 148/150$, the flag gets active. The first target of the flag is the last High @ 158,5$. The big target of the flag is 175€. This target gets active if Boing can Close higher than 158,5$
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