Watch These Boeing Levels After Stock Logs Largest Daily Gain Since 2023 | Global News Avenue

Boeing (BA) Stocks soared Wednesday after the airplane manufacturer’s chief financial officer’s view, news about new aircraft orders and analysts’ good delivery prospects.

Chief Financial Officer Brian West said at an industry meeting Wednesday that the company believes the Trump administration is on Aluminum and steelexecutives added that Boeing’s cash burn was eased during the quarter.

Separate today Japan Airlines announced It has ordered 17 new 737-8 aircraft from aircraft manufacturers and added the same jet for March 2023. Bank of America analysts said sentiment in the stock also received an elevator compared to February.

Boeing shares rose 6.8% to $172.62, recording their biggest one-day gains in nearly two years and are ahead of schedule on the S&P 500 and Dow Jones industrial averages. With Wednesday’s surge, the stock dropped its year to 2.5%, roughly in line with the performance of the S&P 500.

Below, we carefully study Boeing’s shares and use them Technical Analysis Identify the main price levels worth paying attention to.

Bullish swallowing pattern appears

after Bullish swallowing pattern The stock marks the end of a three-week pullback for Boeing stock, which continues to trend higher, with more than 50 and 50 stocks 200-day moving average In Wednesday’s trade fair. It is also worth pointing out that the moving average constitutes Golden Cross Earlier last month, the chart pattern marked the beginning of a new uptrend.

Importantly, today’s higher moves are supported by the highest volume In more than two weeks, buying activities of large market participants, e.g. Institutional Investors and hedging funds. and, Relative Strength Index (RSI) 50 thresholds have been climbed to confirm bullish price momentum.

Let’s determine the major Support and resist Chart observers may be monitoring.

Mainly support level to monitor

First, it is worth paying attention to the $165 level. Stocks may encounter three prominent support in this area groove This is formed on the charts of April, August and January.

one break down Below this key area, the stock’s lower support is seen with a lower support of approximately $146. Investors may look for buying opportunities in the area’s drawdown near February Swing lowwhich is also closely consistent with the trough in early October.

Key resistance levels to be watched

Further purchases could drive the transfer to the $192 level. The location may be provided by elevated resistance near several peaks that developed on the chart from late March to early August last year, and the area is also above last month’s highs.

Finally, one breakthrough Levels above this level could push Boeing stock up to $217. Investors who buy stocks at lower prices may look for export points in the area near the area Horizontal line This links the trough of late 2023 to late January last year Counter-trend High.

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