Boeing: Bargain Buy, Another Crash Landing, or Dow Exit?
After losing money for years, Boeing's stock has recently broken below its 52-MONTH! exponential moving average (EMA), a significant technical indicator that often signals potential for further downside, possibly testing the $100 level.
The company has been grappling with various challenges, including management missteps, quality control issues, and production delays, all of which have contributed to its current predicament. The recent break below the 52-month EMA could indicate that investors are losing confidence, potentially leading to increased selling pressure. That combined with the fact that the DOW is sitting near its all time highs, shows the depth of Boeing's problems.
I know the huge move is behind us, but i will try shorting every bounce into resistance areas and see where I'll get...
The company has been grappling with various challenges, including management missteps, quality control issues, and production delays, all of which have contributed to its current predicament. The recent break below the 52-month EMA could indicate that investors are losing confidence, potentially leading to increased selling pressure. That combined with the fact that the DOW is sitting near its all time highs, shows the depth of Boeing's problems.
I know the huge move is behind us, but i will try shorting every bounce into resistance areas and see where I'll get...
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.