Shares of Boeing Co (BA) reported earnings that had the stock slightly higher in pre-market trading. However, the sellers came out strong at the open and the stock is sharply lower. Chart analysis on Boeing paints a nasty picture of a major technical breakdown. The downside is likely to the $120.00 level in the coming weeks. A simply task of connecting the recent lows of June 11th, June 26th, July 10th and July 20th reveals a major trend line of support. Per two days ago, the stock dropped below that trend line (seen in the chart below). Chart analysis on Boeing shows the likely confirmation of that break today. This means the stock is in collapse mode until major support at $120.00.
——>>>Members of Verified Investing Alerts have closed out 143 swing trades already in 2020 for a net gain of 1,185.98%. Join now and get the exact entry/exit price alerts, stops, targets. Email and text alerts. Daily Videos posted with trade/market analysis and $1,000 worth in education monthly! Swing trading has never been so profitable! Get The Action NOW by Clicking HERE <<<<———