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.
A net gain of 744% through April 16th, 2020 is a reality for members of Verified Investing Alerts. For investors who are sick of losing money as the markets collapse due to the COVID-19, this is the key. Swing trading off technical levels allows smart investors to jump in at key levels and out for 10%+ gains in days. Master Trader Gareth Soloway has guided his members, actively swing trading stocks using key technical levels to multiple profits of 10% almost every day. With the action these days, members get multiple trades a day. See the VERIFIED track record HERE (scroll down on the page). Members get exact entry prices, stops, targets and daily videos that analyze the market, stock and current positions. The second Master Trader Gareth Soloway buys/sells a stock, members get a text/email alert to get them in/out of the trade in seconds. Join today and profit for life!