Boeing Weekly View, Interesting Reversal Setup

I like this reversal hammer candle on BA on the weekly. When you combine that with the stock is up on just about nothing but hope and the .gov backstopping it, I like the odds of a drop next week from here.

• Almost half their revenue comes from commercial airplanes, no one is buying
  
  
• The Feds are only about 30% of revenue
  
  
• The MAX may never fly again. Getting it certified is not a guarantee
  
  
• They tapped out their entire credit line, the debt is unbelievable
  

I'm bearish on the company long term because the fundamentals do not make any sense to me in the current environment.

Trade attivo:

Jumped into 5/1 150p for this one.

Trade chiuso manualmente:

Closed this at 16.87 once it hit my price target.

Probably has a little more room to run, but there will be no breaking of rules :)