Boeing Company (The)Short
BA needs to Bounce and Soon!
Unpopular Opinion
BA
- Looks weak.
- Needs more good news and less bad news. :rolling_eyes:
- Needs to stay above the moving averages.
- Could drop to $202
- Worse: Could drop to $192.65
- Worst: Could drop to close the gap near $158.10 (Market would literally have to crash. Seems less likely.)
I'm not posting this to discourage...just keep your eyes open. BA is the government's baby, they won't let it die...plus there are bulls waiting at multiple levels below. Keep this in the back of your mind just in case. It's September and if it's like the last couple of years, the market will slow down and eventually turn into "Red October."
Meanwhile, trade the trend lol
BA
- Looks weak.
- Needs more good news and less bad news. :rolling_eyes:
- Needs to stay above the moving averages.
- Could drop to $202
- Worse: Could drop to $192.65
- Worst: Could drop to close the gap near $158.10 (Market would literally have to crash. Seems less likely.)
I'm not posting this to discourage...just keep your eyes open. BA is the government's baby, they won't let it die...plus there are bulls waiting at multiple levels below. Keep this in the back of your mind just in case. It's September and if it's like the last couple of years, the market will slow down and eventually turn into "Red October."
Meanwhile, trade the trend lol
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