BA (Boeing Co.) appears to offer an objective short entry on this breakdown below the bearish pennant continuation pattern on the daily chart but with minor support on the intraday charts around 364 on the daily chart, the stock will be added as a Short Swing Trade setup with an entry to be triggered on any break below 364.00.

BA daily March 22nd

BA daily March 22nd

BA recently broke down below a steep bearish rising wedge pattern on the daily time frame which also put in a second consecutive divergent high within a broadening wedge (aka- megaphone) pattern on the more significant weekly time frame.

BA weekly March 22nd

BA weekly March 22nd

The sole price target for this trade at this time is 317.64 with the potential for additional targets, depending on how the charts of both BA & the broad market develop going forward. The suggested stop for this trade is any print of 383.50 & the suggested beta-adjusted position size is 1.0.

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