My favorite stock short Boeing fell over $13 almost 4 % yesterday,
to $348 , on the continued fall out from the 737 Max debacle.
As I have suggested on tradingview many times, in numerous articles,
investors and analysts have simply underestimated the long term fallout
from theses accidents on both the industry and the flying public
now compounded by the continued year long grounding of the plane,
Major airline clients of Boeing are now beginning to realize with painful acceptance,
that the 737 Max may not ever return, and Boeing has admitted publicly this week,
a rarity for them, that they may have to cease production of the 737 Max.
Monthly trend line shown in the chart included here
shows the long term support in Boeing coming in around 340
.
Should that long term support area in Boeing be broken
then the stock would be technically "long term busted,"
and I assure you that in turn would bring on considerable
large money liquidation.in the stock.
My long term target in Boeing continues to be $300. a share.
BA Last 348.50
THE_UNWIND
7/26/19
NEW YORK
to $348 , on the continued fall out from the 737 Max debacle.
As I have suggested on tradingview many times, in numerous articles,
investors and analysts have simply underestimated the long term fallout
from theses accidents on both the industry and the flying public
now compounded by the continued year long grounding of the plane,
Major airline clients of Boeing are now beginning to realize with painful acceptance,
that the 737 Max may not ever return, and Boeing has admitted publicly this week,
a rarity for them, that they may have to cease production of the 737 Max.
Monthly trend line shown in the chart included here
shows the long term support in Boeing coming in around 340
.
Should that long term support area in Boeing be broken
then the stock would be technically "long term busted,"
and I assure you that in turn would bring on considerable
large money liquidation.in the stock.
My long term target in Boeing continues to be $300. a share.
BA Last 348.50
THE_UNWIND
7/26/19
NEW YORK