Although I still think that this will shoot down to the previous low of 137, it is also possible that this has already reversed trend, at the bottom 137. 03. If this is the case then, the price will likely to continue fall to the middle bolinger band then may bounce back.
What's interesting is that everything we talk about right now does not matter at all if you consider the long run.
Boeing so far has a perfect example of TA that actually makes some sense (So Far 😆 ).
Now you can see a clear pattern on the monthly chart….
At 2020, the first double bottom, supported in the area between 210MA and 250MA. This rebound was unable to recover by just touching the bottom of red Ichimoku Cloud)
At 2022, the same scenario, the second double bottom, lowest dip within 210MA and 250MA. This time also unable to breakthrough the top Cloud of Ichimoku chart.
Now you see where this is going….
We just had a major DIP at the end of 2024. Here, I am looking for the double bottom again. This time, it will likely rebound based on this cycle again (maybe peaking late 2025-26) but I am not sure if this is enough to breakthrough the cloud again.
Maybe in 2026-27, there may be another pull back but this will more likely be above the cloud, my guess is it will bounce back at the top ceiling of the cloud and area within 200MA and 250MA. if the pullback occurs above the cloud, yeah, this is so strong 💪.
Reason maybe AI integration etc? I have no idea I have no fundamentals at all but I know this will be some BS reasons.
I am 100% sure that every time this drops, it's not the company’s performance (it is, but hear me out); it's just an excuse to bring this down so investors can buy in.
If you feel like you missed the Dip, the long call option is still feasible. However, I think it should have a longer expiry probably.
———————————————————-
ひな☆彡Rating 📈 Rating: Hold Target: 260
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
晴瓦林 : This thing finally showing a red bar. It won't just drop, I want this to sink.