BOEING CO. - BA
Monthly chart shows selling the last 2 months. Price currently below the 8ema.
Weekly chart shows a double top made at the $107.83 high. Uptrend line has now been broken. Friday's price action found support off a key LIS and prior resistance level at $89.99 area. Will old resistance become new support?
Daily chart shows price below all key moving averages and downside momentum remains strong. IF the $89.99 area does not hold as support, THEN next downside target is the next key LIS at $71 range.
Saturday, November 17, 2007
BA Analysis for 11.17.2007
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