Treasury secretary Mnuchin just tweeted that they had reached a deal with 5 major airlines to provide much needed financial support.
Translation=the Treasury just bailed out the Airlines.
Boeing stock has been beaten to a pulp during the life cycle of the Covid-19 pandemic. The market is set to open back above the 100-day Movibng average and this should be enough to see it test resistance at the $198 level. A clear break of this benchmark and we could see $220 per share.
Approval of MAX, plus positive job report continuation, then improvements on vaccine/therapies of covid, I see BA going 230-250 easy, then a correction.
I think your numbers are achievable...I would also be looking to take profit at 220+ scale up before going to cash on this one
chevyusa88
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@elliottlaybourne, yes, I agree. That is my strategy as well. I will then shift to a day trade strategy and play off of specific news points on the MAX briefly, then move on if there is no correction. If there is a correction due to people wanting to take profits home (myself included), then I will re-buy in and try to achieve a rinse and repeat long position.