Boeing - Eyeing a recovery soon?

BA is back to the upside and has been trending upwards since early April 2025. Price action saw the stock is back into action after filling up the bearish breakaway gap. Now it is waiting to break the key resistance above 220.00 to further confirmed the upside.

Meanwhile, Ichimoku is showing uptrend intact, just short of a three bullish golden cross. As conversion and base line is flat and leading span -A just turned flat.

Long-term MACD is rising steadily, indicating the long-term bullish momentum is sustaining well.

Stochastic saw overbought crossover but chart is showing weak correction and selling pressure was almost non-existent.

23-period ROC dips but remain positive.

Directional movement index confirms the bullish strength is still intact.

As short-term momentum and volume shows decline, there is a risk of correction hence we prefer a buy stop above 220 OR a pullback to nearest support at 189.54.

Weekly chart shows 5-wave symmetrical triangle and we expect prices to continue to have a strong bullish continuation over the longer-term period. EMA analysis shows trend is back to the upside and 14-period RSI shows steady uptrend momentum.