Short and long off the resistance and support.
TradingView
Open position at $400.56
Stop loss at $403
Take profit at $379.6
Why this play?
we just saw that the fault is due to Ba software, plus all the planes are still grounded all over the world, so take a look at the fees they are gonna have to pay.
there is no way they are walking out of this without a scratch. based on that, i would consider their profit for the last quarter to be erased and see them going back to the $300-$360 range that they were trading at in 2018.
Open position at $400.56
Stop loss at $403
Take profit at $379.6
Why this play?
we just saw that the fault is due to Ba software, plus all the planes are still grounded all over the world, so take a look at the fees they are gonna have to pay.
there is no way they are walking out of this without a scratch. based on that, i would consider their profit for the last quarter to be erased and see them going back to the $300-$360 range that they were trading at in 2018.
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Also don't forget to check my other pages beacons.ai/diywallst
If we were to long, somewhere around the $350s. but im scare. only short play now.
talked to a pilot a week or so back regarding the 737 situation.
He was telling me it was completely Ba's fault and there was no way they were getting out of it.
I wanted to believe him at that time but the market just kept pumping bs news. But it looks like it's finally time for this stock to get hammered!