BOENG, 50 years of BULL MARKET is about to end
Diupdate
hello friends,
"first of all i would like to clarify this analysis is only a personal opinion and it could be wrong more than right, so please if you disagree with it that's totally fine i am just sharing what i have learnt and experienced
So back to Boeing , the lovely BOEING has been in a bull market for almost 50 years, we can see that the stock completed 5 waves started back in the 70s and price dropped sharply in 2020 after whales distribution took place between 2018-2019:
lets have a look at the detailed waves since the last drop:
it is clear that the previous bullrun was an ABC correction to the upside for the huge drop in early 2020 ( counter trend reaction ) and it was not a an impulsive 5 wave.
keeping in mind DJI and SPX at all time high. Regarding the global atmosphere everything seems fine and stable as the vaccination process is taking place, i don't know what bad news is coming to crash the market but maybe any fail of the vaccine would hit the market so strong. I personally in the market but tight stop loss is a must as optimism is sky rocketing. i never trust the market and i always trade cautiously. finally never underestimate the impact of Covid19 on the economy
another scenario is we still have wave 5 to be completed around 400$ - 500$
"first of all i would like to clarify this analysis is only a personal opinion and it could be wrong more than right, so please if you disagree with it that's totally fine i am just sharing what i have learnt and experienced
So back to Boeing , the lovely BOEING has been in a bull market for almost 50 years, we can see that the stock completed 5 waves started back in the 70s and price dropped sharply in 2020 after whales distribution took place between 2018-2019:
lets have a look at the detailed waves since the last drop:
it is clear that the previous bullrun was an ABC correction to the upside for the huge drop in early 2020 ( counter trend reaction ) and it was not a an impulsive 5 wave.
keeping in mind DJI and SPX at all time high. Regarding the global atmosphere everything seems fine and stable as the vaccination process is taking place, i don't know what bad news is coming to crash the market but maybe any fail of the vaccine would hit the market so strong. I personally in the market but tight stop loss is a must as optimism is sky rocketing. i never trust the market and i always trade cautiously. finally never underestimate the impact of Covid19 on the economy
another scenario is we still have wave 5 to be completed around 400$ - 500$
Catatan
Historical channel has been broken
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