BA Will Go Down Hard

26 feb 2020

BA tried to break above major resistance, but then it came down as quickly as it moved up. It's still below it's 8 sma and as soon as it's oversold status goes away, it will end this higher low and keep the downtrend going. From a fundamental perspective, it's trading very expensive relative to it's cashflows and the major macro hurdles aren't being taken into account. The company also has major risk in the long term, as it has to become profitable in the next year to not become bankrupt.

If you want a brief bottom up fundamental analysis, with some macro thrown in, I will link a video where I talk about Boeing's Valuation and where to go from there.