The collapse of the Boeing after another 737 crash

Good evening, dear traders. I present to you the trading idea for Boeing's Stock CFD.

So, yesterday, there was a terrible catastrophe of the Ukrainian Boeing 737 in Iran. Boeing fell shortly after takeoff and all 170 passengers died. Now, for the preliminary version: technical - engine fire. This is not the first crash with a Boeing in recent times. Thus, we recommended selling the shares that were mentioned back in December.

Boeing has a very interesting level of $ 318 from the point of view of hunting for stops. In fact, this is a platform with the feet of buyers of this asset for the entire last year. 737 was discontinued in December, but accidents continued with it. Against this background, we recommend holding short positions in order to break through the level of 319 with a further pull to historical 292:

Since the opening, the shares have lost $ 4. Therefore, we recommend developing the reduction to the above levels if you are not yet on sale.

Good luck in trading and control the risks!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Analysis are provided by InstaForex