{"id":12344,"date":"2022-08-02T08:09:13","date_gmt":"2022-08-02T08:09:13","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12344"},"modified":"2023-05-12T08:11:54","modified_gmt":"2023-05-12T08:11:54","slug":"boeing-approaching-a-1-year-ma-resistance-zone","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/08\/02\/boeing-approaching-a-1-year-ma-resistance-zone\/","title":{"rendered":"BOEING approaching a 1 year MA Resistance Zone"},"content":{"rendered":"

 <\/p>\n

Boeing (BA) has been on a strong rise ever since the June 14 Low, with the 1D MA50 (blue trend-line) supporting. This trend is approaching its most important long-term test as the Resistance Zone formed by the 1D MA200 (orange trend-line) and the 1W MA50 (red trend-line) is just above. This Resistance Zone has rejected every break-out attempt since August 17 2021 (the only 1D candle that closed above was the November 15 2021 but no 1W candle every closed above).<\/p>\n

As a result, it is the critical test that will most likely issue the trend of the next months. A 1W close above this Resistance Zone, is a bullish break-out signal targeting $220.00 which is just below the Resistance cluster shown on the chart. A rejection on the 1D MA200\/ 1W MA50 Resistance zone, targets the 1D MA50 on the short-term at least. We have to give the bullish break a higher probability as the 1W RSI is on bullish reversal pattern since the May 23 low.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/BA\/ZkevlHpK-BOEING-approaching-a-1-year-MA-Resistance-Zone<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  Boeing (BA) has been on a strong rise ever since the June 14 Low, with the 1D MA50 (blue trend-line) supporting. This trend is approaching its most important long-term test as the Resistance Zone formed by the 1D MA200 (orange trend-line) and the 1W MA50 (red trend-line) is just above. This Resistance Zone has<\/p>\n","protected":false},"author":611,"featured_media":12345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1640],"tags":[],"class_list":["post-12344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stocks"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12344"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12344\/revisions"}],"predecessor-version":[{"id":12347,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12344\/revisions\/12347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12345"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}