Hi Sirs I am new to the group. I am interested in understanding the latest Elliot Wave anslysis on BOEING, BA. Hope you can help. Many thanks Regards KK Wong
It's always interesting to have an Elliot-tition on board. What time frame interests you...day trades, swing, position trades? Looking forward to your posts on the BA thread or wherever.
Swing trade. I have been watching BA sideway movement and now saw some intend to go up but no strength. However as I am not familiar with EW, so like to have expert views on it to understand more! Wonder it will move up to 220 or down to 90? Thanks
I only know the very basics of Elliot wave. My edge uses Wyckoff's work and based on that I see that BA built a ton of cause to go lower between February of 2018 and February 2020. In other words the smart money was distributing the stock to the public during that long trading range. So much so that the long-term target is below zero...call it zero or near zero. However, that's not to say it can't be traded both ways on shorter time frames.
I ran it on some elwave software I have and it looks like its projecting a wave 3 top at 230-240. I don't really use it that much but you can get an idea of the wave counts.
