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BOEING - BULLISH SCENARIO

Long
NYSE:BA   Boeing Company (The)
Over the last year, a good number of insiders have significantly increased their holdings in The Boeing Company. The biggest single purchase by an insider was when President David Calhoun bought US$4.0m worth of shares at a price of US$160 per share.
This is encouraging because it indicates that insiders are more optimistic about the company's prospects.
Also, BA is expected to deliver year-over-year earnings growth of 131.72% to $2.78/share in 2023. Revenues are projected to increase by 24.34% to $81.66 billion.
The next resistance located at 0.618 Fibbo or $ 215


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