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Bad News On Boeing: The Chart Just Broke Key Support

The stock chart is signaling bad news on Boeing Co (BA). The stock, already down from nearly $350 in 2020, is trading just above $135.00. A clear wedge pattern created over the last three weeks is being broken to the downside. This is a technical pattern break. It means Boeing will likely trade down to the $100.00 level at a minimum. It is possible it heads to $80 key support from 2011/2012.

This chart wedge break very bad news on Boeing and signals every investor needs to read technical charts. It can make you a lot of money or at least save you a lot of money. Big money sees things things and reacts, small money just follows the talking heads blindly. This is the difference between making millions and losing everything.

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