Boeing continues its move to the upside, and the latest development on the chart suggests a bullish continuation. The price is shaping an ascending triangle pattern, neatly outlined with blue lines. This formation combines a dynamic rising support with a flat horizontal resistance – a structure that typically favors an upward breakout.
What’s important here is the way pressure has been building against the horizontal resistance. Each time the price pulls back, the retracements are shallower, and the buyers return quickly, narrowing the range and creating stronger pressure at the ceiling. Most recently, Boeing climbed back to test this resistance once again, signaling growing momentum among buyers.
With ascending triangles, the base scenario is clear: the breakout to the upside is statistically more probable. A decisive close above the upper line of this formation would unlock a fresh buy signal and open the way for further gains, confirming Boeing’s bullish momentum.