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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.

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    • Some excuse is needed for a pullback ...
    • The spike down in indices in the last hour was the same ol' trade war news, China stating they are less optimistic than the US and feel they have been mislead by recent talks where they felt they had agreement over a rollback of tariffs that the US now say is not the case. After 18 months of this you should be use to it by now. 
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