Although I believe that Boeing is one of the stronger performing companies historically in the grand scheme of things, and though I also believe that they will be releasing some cutting edge technology in the next decade, I'm skeptical of the current value due to so much of the 737 drama over the last year.
Boeing has been selling less and less planes and what would have been plane orders for Boeing over the last 12mo are now instead being filled by the European competitor Airbus.
737 Max models continue to fill employee parking lots and are parked around the world until the company can resolve fears of mechanical and technical issues with the aircraft.
I think more pain is about to come for Boeing shareholders and I'm entertaining the idea of an entry to go long into 2030 and beyond, but at a lower price.
Thoughts?
Trade your own plan, this is just an idea.
Boeing has been selling less and less planes and what would have been plane orders for Boeing over the last 12mo are now instead being filled by the European competitor Airbus.
737 Max models continue to fill employee parking lots and are parked around the world until the company can resolve fears of mechanical and technical issues with the aircraft.
I think more pain is about to come for Boeing shareholders and I'm entertaining the idea of an entry to go long into 2030 and beyond, but at a lower price.
Thoughts?
Trade your own plan, this is just an idea.
Trade active
Down she goes...Note
Almost to TP area.Note
In take profit area, removing some profits off the table.Trade closed: target reached
That was fun!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.