Boeing (BA) is catching the eye of traders right now, and here's why: it looks like it just had another bull flag breakout (on the hourly timeframe, today in premarket, Monday 09 June 2025).
On the weekly, price broke out up, and surpassed the psychological $200 round number, that wasn't breached since March 2024. BA is maintaining well above that price, after conquering it.
In our series of bull flags, we now even have a breakout up on the hourly
On the flip side, the support level at 207.95 is the near term floor. This is where buyers have shown up to defend the price. As long as BA holds above this level, the bullish structure remains intact. Price action around these support and resistance levels gives traders clues about the market's sentiment, and what it may want to do next, after engaging with those key price levels, which others are watching for further guidance.
Tips for New Traders Looking at This Boeing Stock Setup:
Don't chase the price if it's already made a big move. Wait for confirmation.Now seems a legit place to enter or re-enter, and consider partial profit taking as stated above. At your own risk only.Understand that patterns can fail. Have a plan for what you'll do if the price drops back below support.Avoid going all-in on one trade, and too big. Don't be wild, don't be greedy. Manage your risk.Visit ForexLive.com (evolving to become investingLive.com later this summer) for further updates.
This article was written by Itai Levitan at www.forexlive.com. Read More Details
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