Boeing
Readers will notice that in early September, Boeing $Boeing (BA.US)$ blew right through the lows of this past April. Readers will note that BA put together a rising wedge pattern from late April into late July. Rising wedge patterns, for the new kids, are patterns of bearish reversal.
Currently, the stock's relative strength is weak, the daily MACD is negative with all two of the three components deep inside of sub-zero territory. The stock has not kissed its 50-day SMA since mid-August and has not touched its 200-day SMA since last winter after coming close in late July.
Diluting the equity with asecondary offering should not help either, in my opinion. The stock now trades at its lows since November of 2022 this morning. catch a falling knife? More like standing in front of a cannon. We'll take another look again once the firm gets its act together.
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NYSE floor trader for over 30 years. Day trader, long-term investor, and anything in between.
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70638593 : I completely agree with your assessment, and yet massive buys today to get the stock right back to its derivatives max pain level. This indicates to me that there is no longer any real price discovery, it is merely manipulation for maximum profit from the derivative market.
Dan’l : Best take on $Boeing (BA.US)$ yet.
102875548 : So.... how to invest in BA? What is the entry price? Or avoid all together?
CNNT : Newbie question: they have been experiencing -ve net margin for years. Who is bank-rolling their expenses?