Boeing I believe goes lower towards the 200-190 range.
Can't be long on this name while its taken down production lvls and airfares are at 50% of what they used to be from last year . There's better places to put your money than Boeing right now and investors will come fleeing back once it goes back to 194.
You can scalp with those lvls given for tmrws intraday session . But longer term I'm short on the company.
@mailman252 she’s a runner, she’s a track star…BA flying high!
ktaba
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As I mentioned in my last posting all bad news priced in, Delta variant was over done and all travel sectors already started rebounding and the RSI’s were all over sold. If you wanted to short BA, you already missed out. Revenge travel has already been shown on all airlines earnings call, and they will continue to order more fuel efficient planes as the price of fuel is the biggest input cost for the airlines. BA will fly high to $300 soon as China approval and orders come in. Good luck though!