Boeing: Week of Dec 18

16 Dis 2023

Boeing has just been a beast, straight up.
Short interest uptick last week but they got destroyed, as most shorts do in this day and age haha.

I see its kind of tapered off a bit. Perhaps next week we can actually see pullback.
There isn't a lot of volume up here:



So we could actually see a move back to 252 range as pullback and then continue up.

That said, I am and will always be bullish on BA, so buy the dip .... at your own risk ;).

I foresee BA retracing previous highs. It's fundamental and the fact that it is essentially an oligopoly with Airbus and Embraer is finally catching on to investors.

Safe trades!

21 Dis 2023

Nota

BA, the only thing unphased by the panic sell today.
It is consolidating for a likely move higher, which may not come till next week.

Its holding PL1 was support.
You can play the range or wait for the break up.
Will post next week's levels over the weekend :-).