BA - The return of the king

Today we take a look at one of my favourite dow30 stocks... Boeing! NYSE:BA

The last years weren't kind to boeing , multiple factors brought the stockprice to this low levels we are currently witnessing.
The once biggest airplane manufacturer suffered major consequences from the boeing-737 max disaster and covid which triggered a economic crisis in the aviation industry.
Luckily the us-government jumped in to help and loaned boeing billions of dollars, for most insiders this wasn't much of a surprise.
Boeing is absolutely crucial for the us economy and the us-government would rather lend enormous amounts of cash than letting airbus get a advante or even a monoply in the aviation industry.

Since the bottom at 88$ boeing formed two solid wave 1-2 setups and started wave 3 with impressive volume .
I expect that we are correcting in a bigger wave 2, this wave should bring us down to atleast 180$ or less.

At this levels i will buy shares and hold them for the next months and years, stay tuned!


If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
If you should have any questions or want to get signals before i publish them on tradingview, feel free to contact me.


All hail it is time for the king to reclaim his throne!
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