{"id":991,"date":"2019-06-04T22:56:50","date_gmt":"2019-06-04T21:56:50","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=991"},"modified":"2019-06-05T08:12:38","modified_gmt":"2019-06-05T07:12:38","slug":"boeing-for-5-06-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/06\/04\/boeing-for-5-06-2019\/","title":{"rendered":"Boeing for 5\/06\/2019"},"content":{"rendered":"\n

#Nasdaq #CAC40<\/strong> As the US President is visiting the UK, it made sense to review the maker of the aircraft in which he flies the world. If only the UK still had an indigenous maker of commercial jets, our PM could be poncing around the British Empire in an elegant DH Comet. Or half a Concorde (it was 50% French)!<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

As the throwaway headline above from Google News \nhighlights, Boeing (currently trading at 343) do not need seek problems at \npresent but their share price is proving fairly resilient – so far anyway. We do \nhave issue with movements this year as they suggest a future descent below 330 \nshall attempt a landing down at 317. We expect any bounce from this level to \nprove short lived as there’s a heck of an argument favouring 275 as bottom. \nHopefully.<\/p>\n\n\n\n

A glance at the chart immediately throws up issues with \nan ambition at 275. <\/p>\n\n\n\n

Firstly, and quite importantly, in the event 275 makes \nan appearance, the share will have broken the uptrend since 2016.<\/p>\n\n\n\n

Secondly, and very importantly, if 275 appears, it \npresents a “lower low” in the grand scheme of things, taking the share into \nterritory where a long term logical bottom is down at 175.<\/p>\n\n\n\n

Third (this one is obscure) the visuals indicate the \nshare price has now real “history” at 275. This is the sort of thing, when if a \nshare has previously hit a high (or a low) there will be ample reason to \nanticipate market activity when it next revisits such a level. The best we’ve \ngot is a couple of days in December 2017 when the price hit this level and \nbasically did nothing interesting. We’d be hard pushed to invent a reason why \nthis will prove important.<\/p>\n\n\n\n

Collectively, the foregoing encompasses sufficient \nreason to distrust 275 if – and only IF – it makes an appearance. Do remember \nnone of our criteria are yet present to justify such a dollop of misery for the \nfuture.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

We suspect the circled area on the chart represents \nBoeings most recent aircraft incident. It feels very like the market decided, \n“okay, let’s start a new trend” at this point and thus, we’ve painted a Blue \nline. At present Boeing require better 358 just to indicate the potential of a \nclimbing cycle to 386. If we adhere to our demand for “higher highs”, only above \n365 does it actually become safe to believe in 386 as a future potential. \nSecondary, if such a level exceeded, calculates at an improbable 429.<\/p>\n\n\n\n

We deem this improbable as it takes the price above the \ncircled area on the chart, carrying a subliminal suggestion all is okay again in \nBoeings world.<\/p>\n\n\n\n

For now, we’re just not sure the market has figured out \na plan for this aircraft maker as the share price is on a wing and a prayer. \n(sorry, couldn’t resist)<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n<\/p>\n\n\n
\n\t

Time Issued<\/font><\/TD>

\n\t

Market<\/font><\/TD>

\n\t

Price At Issue<\/font><\/TD>

\n\t

Short Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Long Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

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Stop<\/font><\/TD>

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Prior<\/font><\/TD> <\/TR>\nFUTURES<\/font><\/a>

\n\t

10:09:12PM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

61.24<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

10:10:45PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1325.46<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

<\/TD> <\/TR>\n

\n\t

10:13:38PM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7228.28<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:16:36PM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5275.3<\/font><\/TD>

\n\t

5189<\/font><\/TD>

\n\t

5178<\/font><\/TD>

\n\t

5144<\/font><\/TD>

\n\t

5241<\/font><\/TD>

\n\t

5279<\/font><\/TD>

\n\t

5286.5<\/font><\/TD>

\n\t

5332<\/font><\/TD>

\n\t

5250<\/font><\/TD>

\n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

10:25:12PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

11992.71<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

10:29:02PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

2808<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

10:32:05PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

25408<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

10:34:07PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7202<\/font><\/TD>

\n\t

7124<\/font><\/TD>

\n\t

7095.5<\/font><\/TD>

\n\t

7060<\/font><\/TD>

\n\t

7180<\/font><\/TD>

\n\t

7202<\/font><\/TD>

\n\t

7207.25<\/font><\/TD>

\n\t

7246<\/font><\/TD>

\n\t

7131<\/font><\/TD>

\n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:36:49PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

20726<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n\n<\/TABLE>\n\n

 <\/p>\n

4\/06\/2019 FTSE Closed at 7214 points. Change of 0.42%. Total value traded through LSE was: \u00a3 6,134,245,943 a change of 11.89%<\/h>\n","protected":false},"excerpt":{"rendered":"

#Nasdaq #CAC40 As the US President is visiting the UK, it made sense to review the maker of the aircraft in which he flies the world. If only the UK still had an indigenous maker of commercial jets, our PM could be poncing around the British Empire in an elegant DH Comet. Or half a … <\/p>\n

Continue reading “Boeing for 5\/06\/2019”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-991","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=991"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/991\/revisions"}],"predecessor-version":[{"id":992,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/991\/revisions\/992"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=991"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}