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Boeing

JETS flagging on new channelTechnical Analysis On november 24th, JETS broke out above its june highs, and consolidated (orange square), demonstrating a successful break out of the channel. Now it shows a flag, showing potential for more upside. There is a strong resistance level at $27.7; at this point I would expect a pullback, to ultimately reach the top of the gap around $30. I am using a stop under the 10sma to take partial profits. Fundamental Analysis The market is a forward looking mechanism, with the path of the recovery setting a potential comeback for Airlines for Spring; JETS is fundamentally undervalued right now.
AMEX:JETSLong
by dorfmanmaster
Boeing drops the landing gear Boeing has been trying to recover after the air industry was smacked to the ground by the pandemic. Since then, the results weren't expected to cover the forecasts of course, so the only current rise in the stock price is because of the pull form the broader market. Ignore the stats since they are heavily affected by the COVID-19 crisis. Recent days we see red volumes - investors are covering recent profits or losses. We have a run-away gap from 09.11 to cover. Current golden cross gives some hope for the formation of a new uptrend, but before that I think we may see price going down towards the potential drop zone. Second outplay is for the price to break out from the bullish flag and continue towards the potential target zone. In both cases I would wait and see how what direction the price will take. Personal blog: thedailychartist.com
NYSE:BAShort
by DailyChartist
BOEING (BA), Where now?About Boeing: The Boeing Company is the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers. BA is very interesting, here is my technical analysis: ------------------------------------------ Two possible expected outcomes: ------------------------------------------ If BA BREAKS DOWN 196, it can reach the range of 180-188. It's a great place to collect BA. If BA DOESN'T BREAK DOWN 196, it can continue to climb and you can also enter BA. ------------------------------ Or if we are Wrong: ------------------------------ if BA BREAKS DOWN 180, it will return to it's 160 levels. Remember BA is affected by Corona news has BA declined a lot because of the Corona as Corona effect the whole Aerospace industry. In general BA is LONG for the long run. Long run first target is 300.
NYSE:BALong
by dman103