$BA Getting Ready to Resume the Uptrend?Boeing had formed a cup with handle formation that it “tried” to breakout from at earnings. That breakout failed but not by much. It broke out again on February 6th and has since been forming what looks like a bull flag.
I had an alert set on the horizontal line of resistance (breakout area) and I took a long position with a stop just below today’s low. To confirm the continuation of the uptrend, it needs to break above the bull flag. If it does that I will look to add to my position.
This is my idea of how I look to make trades. If you like it, please make it your own trade, and follow “your” trading rules.
