Where's Boeing going, Cohen?

[dmedin]

Breaking below a near-three year uptrend with steadily lower highs and lower lows.  Could we see a fall all the way down to $300?

 

[dmedin]

Could we?  I hope so because I put a bet on 😊

[dmedin]

Here?

[dmedin]

It's drifting down towards $300 with little momentum and small volume.  I won't trade it because all it takes is one comment from Trump and the price is likely to spike higher at any moment.

 

 

Edited August 14, 2019 by dmedin

[dmedin]

https://uk.finance.yahoo.com/m/cb55a918-e3c3-3dd1-be79-d9db76903ca9/ss_boeing-delays-delivery-of.html

I went in short prior to noticing that piece of news anyway.  Target is around 29300, 100% retrace of the move up from Boxing Day last year.

[dmedin]

Ugh.  Shouldn't have tried trading this again.  Horrible.

[dmedin]

Surely we will get a nice juicy re-test of that low.  Go on my son 🐮

[dmedin]

OUCH.

https://uk.finance.yahoo.com/news/boeing-wins-999m-air-force-125212886.html

I hate this stock 😠

[dmedin]

I feel violated. 

[dmedin]

I hope it gives up all of its gains and then some.

Shouldn't be trading it though.  Too many grubby hands all over it.

[dmedin]

Sickening .. I give up.

[dmedin]

That pickup of volume with the ascending green candlesticks suggested Boeing was on the verge of breaking out and going back into an upturn but it bounced off a trend line.  A little pause for breath.  If they get approval to put their 737s back into service I would be going long on Boeing, Cohen.

[dmedin]

[dmedin]

I must be a masochist.  I keep getting phkt and coming back for more.

[Caseynotes]

39 minutes ago, dmedin said:

I must be a masochist.  I keep getting phkt and coming back for more.

It's a difficult chart, nothing quite fits. Though the fast oscillators are suggesting time for a down wave on the daily the lower time frames are very resistant.

[dmedin]

Boeing seems to be invincible, possibly because it's too big to fail.  I should probably give up on it.

[dmedin]

Is Boeing gang aglee?

[dmedin]

https://uk.reuters.com/article/us-ethiopia-airplane-boeing-exclusive/exclusive-boeing-2016-internal-messages-suggest-employees-may-have-misled-faa-on-737-max-sources-idUKKBN1WX25G

 

Is anyone surprised?

These big corporations always put profits before people's lives

[dmedin]

Boeing has just made a big smelly doo doo in the bed!  😮

[dmedin]

Looks like a continuation/consolidation pattern to me, which means it's more likely than not to break out to the upside (since it was in a strong uptrend before this symmetrical triangle started forming).  Wow.  It is truly too big to fail.

Edited October 24, 2019 by dmedin

[dmedin]

Turns out that Muilenberg is a nasty, slippery character (no surprises) ...

 

 

 

 

Edited October 30, 2019 by dmedin

[Mercury]

[dmedin]

I doubt there's any chance of Boeing dropping below 29000.

Like Muilenberg, the slippery little serpent who will retire a billionaire, this stock is not subject to the same rules as the little people are.  Heck, I bet that by this time next year the share price is at an all time high.

[dmedin]

🤔

[dmedin]

🐮

[dmedin]

Quote

Boeing's <BA.N> 737 MAX took centre stage at the Dubai Airshow on Tuesday as the U.S. planemaker prepared to announce orders for dozens of aircraft as it seeks to restore confidence in the jet amid a worldwide grounding, people familiar with the matter said.

https://uk.finance.yahoo.com/news/boeing-announce-orders-dozens-737-061855283.html

[dmedin]

It's consistently making higher lows, there's too much buying pressure to allow this to make any serious drops.

Interesting how a California company's negligence causes 80+ deaths and it (rightfully) is sued into administration and (hopefully) nationalized, but Boeing's negligence kills 300+ and it just has to make a small payout and carry on as normal.  'Too big to fail'

[dmedin]

Outlook cut to negative after it's said to plan halting 737 Max production 😮 😮 😮

Could be the start of a big-**** drop:

[dmedin]

It's gang aglee 🙀

[dmedin]

This is the obverse of the medal.  I should have put my short on back in August with a stop above the ATH and let it run.  See?  All it would have taken is to use a future-dated contract, and that would have dealt with the overnight funding/dividend cr@p.

Sometimes it's just better to hold on to a position for a while.  'Let it brew.'  Lesson learned.