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Where's Boeing going, Cohen?

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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?

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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.

 

1536079373_BoeingCo(AllSessions)_20190814_15_42.thumb.png.4468f19e1aa4791b2e48be3bdfadb65e.png

 

Edited by dmedin

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

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

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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.

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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.

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

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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.

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

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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.

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Edited by dmedin

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

 

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Edited by dmedin

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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.

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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'

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

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

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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.

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