An Industrial Stock That Looks Poised For Takeoff

Very often the market will give you signs of what traders should be watching. This is why finding meaningful levels and patterns is so important to traders. These are patterns and price levels that thousands of other traders can see and act on. The more prominent and obvious the level or pattern, the more confident you can be other out there will see, and act, on exactly what you’re seeing. This is ultimately what moves a stock.

Our stock today has laid out the guardrails for us and any possible trade you could be looking to make on it. Let’s dive a bit into what we are seeing today.

Boeing (BA) is trading within a short-term down channel, which is a key factor in the larger bull flag pattern thats forming. Momentum is another indicator that is alerting us on this possible trade. Moreover, momentum (RSI) appears to have broken its trendline. As you can see in the video, when this momentum break has happened in the past, it has often led to a pretty substantial move.

Make sure to watch my video breakdown below to know everything you need to put on a high probability trade.

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