BA - The return of the king

Today we take a look at one of my favourite dow30 stocks... Boeing! BA

The last years weren't kind to boeing, multiple factors brought the stockprice to this low levels we are currently witnessing.
The once biggest airplane manufacturer suffered major consequences from the boeing-737 max disaster and covid which triggered a economic crisis in the aviation industry.
Luckily the us-government jumped in to help and loaned boeing billions of dollars, for most insiders this wasn't much of a surprise.
Boeing is absolutely crucial for the us economy and the us-government would rather lend enormous amounts of cash than letting airbus get a advante or even a monoply in the aviation industry.

Since the bottom at 88$ boeing formed two solid wave 1-2 setups and started wave 3 with impressive volume.
I expect that we are correcting in a bigger wave 2, this wave should bring us down to atleast 180$ or less.

At this levels i will buy shares and hold them for the next months and years, stay tuned!

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If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.