After a significant period of halted orders for most of 2019 and 2020, Boeing has finally begun receiving new orders for the 737 MAX in 2021. Last month, the U.S. aerospace giant received its largest-ever order for a 737 MAX, as United Airlines ordered another 200 units of the notorious aircraft.
Our Analysis:
While the price is below 248.70, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 224.00
- Take Profit 1: 218.70
- Take Profit 2: 206.70
Alternative scenario:
If the level 248.70 is broken-out, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 248.70
- Take Profit 1: 258.80
- Take Profit 2: 264.80
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