Boeing (BA): Watching for a Break Above 218.80

BA has a strong chance of breaking above the 218.80 level, with a potential move toward 221.98.

I plan to enter 1 tick above 218.80, with a stop-loss based on the 5-minute ATR (period 10).

🔍 Technical Outlook:
BA is currently moving within an upward ABCD channel. The projected upside is capped by a strong resistance zone at 221.98 – a level derived from the daily chart and previous price action. The market may or may not react to it, but it’s a logical target within a solid risk-to-reward setup.

One aspect I particularly like about this setup is the market’s inability to close significantly below the previous pivot high at 215.80. This suggests underlying strength. If we see a confident move above resistance, the trade could be triggered with momentum.