BA has respected the $200 support level twice in the past 2 weeks. This is also in the golden pocket fib retracement from it's last run. Earnings are this Wednesday, so you could enter .5 position now and then the rest afterwards. Stop is below the last wick past 200 and target would be around 240. Would scale some out here and let some ride if the trend is still bullish into spring. MACD momentum building to be bullish.
Comment
⋅
1/30/24 Buy#1 @199.76. Price is inside first demand zone. Add more closer to 195
Nice analysis, I would agree with the $200 support. Looks like it will test again today, if this holds the support will become stronger. Great look at MACD trend. The one drawback to this stock is it is acting based on daily news causing it to possibly trade outside of technical factors. Supplier issues, order cancellations, inspection lists/exemptions. Boeing is a company that has stood the test of time. Near term headwinds will ultimately shift to a more positive outlook for investors, timing TBD. Entering before earnings seems like a dice roll. Management should give better guidance at that time on future outlook of quality issues.