Shares of Boeing ( BA) are firmer Thursday and have finally broken the downtrend line from March. Let's check and see if the China 737-Max news can continue to propel prices higher. 
In this daily bar chart of BA, below, we can see that this is the third rally to the 200-day moving average line since October. Earlier rallies failed but this time looks to be the charm. Prices are above the rising 50-day moving average line.
The On-Balance-Volume (OBV) line shows a long decline but the movement has improved since early December. The Moving Average Convergence Divergence (MACD) oscillator just crossed above the zero line for a new outright buy signal.
In this weekly Japanese candlestick chart of BA, below, we can see some recent improvement. Prices are in a position to close above the 40-week moving average line. Something that has not happened since July. The weekly OBV line shows some slow improvement the past few months. The MACD oscillator is crossing to the upside for a cover shorts buy signal.
In this daily Point and Figure chart of BA, below, we can see the break of the downtrend line and a $301 price target.
In this weekly Point and Figure chart of BA, below, we used a five box reversal filter. Here the software projects a target in the $377 area.
Bottom line strategy: Rallies in BA have disappointed traders and investors for months but we may finally have turned the corner. Traders could probe the long side of BA, risking to $205.
