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

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Posted (edited)

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.

BA-Daily.thumb.png.993c93012fe41b47eac38abbac71d216.png

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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.

1475605442_BoeingCo(AllSessions)_20190827_16_01.thumb.png.f68366daa1c6f593ef23156ad9d3b6b6.png

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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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915636743_BoeingCo(AllSessions)_20190828_11_18.thumb.png.3cb4e0a48a43ce8506842c9bcb367eaa.png

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

32590641_BoeingCo(AllSessions)_20191021_15_50.thumb.png.c5b6aeaae2d43c531ccabbc5d8102b10.png

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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.

BA-Daily.thumb.png.ef26b640e9f72286c4781cd1475e91d8.png

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