ContraryTrader

Boeing at crossroads

Short
NYSE:BA   Boeing Company (The)
I thought when I saw that this bullflag that this stock would break out.Alas for every good news that's comes out for Boeing there's always a some bad not far behind.. Today they recieved a low ball price target of 198$, add that to the new lock downs over new strain of covid and voila. At the bottom of channel if it falls thru 198 is 1st target and 187 gap close is the second. If it can hold , 210 is the upside but we'll need the Dow Jones to play fair..
Also it fell below 50Ma

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.