Boeing Company (The)
Short
Aggiornato

Rapid decent for Boeing

941
"Boeing has said it still does not know how the crisis over the safety of its 737 Max jets will affect its profits." - This shouldn't be a mystery, RSI is pulling back in the face of increasing prices. Run for your life. A culture of quality issues plaguing the business from a high level, silenced whistle blowers discredited, profit taking before safety making to keep pace with competitors see here: youtube.com/watch?v=H2tuKiiznsY&t=46s, all of which do not equal the makings of a confident business.

bbc.com/news/business-48038026

In September of 2017 you could have bought into this trade at $130 a share and sold last month for almost $450. 3.5x return. What has this company done to justify an increase in value in the space of only 30 months? Perhaps they entered the rocket business? I'm scratching my head, perhaps someone can fill me in.
Trade attivo
Boeing 737 Max: China's top airlines seek compensation

bbc.com/news/business-48362283
Trade attivo
Next time I'm flying anywhere... I'll let an Airbus aircraft take me.

"Boeing warns of potential wing faults in some 737 jets"

bbc.com/news/business-48503610
Trade attivo
Are Airbus making headway whilst the competition stumbles?

Airbus wins $30bn of orders for 170 aircraft
bbc.com/news/business-50459731

RSI resistance trend line continues to hold. Symmetrical triangle is soon coming to an end, which way will it break? Up or Down? A break down seems more probable given the lower highs and continue RSI resistance. We need a trend change before this trade can be brought to a close.

If we break down, price falls to around $266

istantanea
Trade attivo
Descending triangle confirmed. Now in free fall to $175? Almost a 60% since April is so. Ouch.

Boeing to temporarily halt 737 Max production in January
bbc.com/news/business-50817124

istantanea
Nota
A Ukrainian Boeing-737 with more than 170 people from seven countries on board has crashed in Iran.

"According to preliminary information, the plane crashed as a result of an engine failure for technical reasons. Currently, the version of a terrorist attack is ruled out,"
Trade attivo
We're picking up speed now... Expecting a free fall to $240 but would still maintain the bottom shall not be seen until $180. Afterwards we'll need to wait for new structure to take shape.

istantanea
Trade attivo
The 200-week moving average fails to hold, unless we have a mega bounce in the hours remaining until the market closes.. understand how bad this is... 2-3 years bad. That's how long it took for this stock to get back above the 200-week moving average every time it broke it since 1988.

istantanea
Nota
-18% in the worst one-day decline since 1974.

We should expect a bounce around current price levels. However I still expect the downward trend to remain intact until $120
Trade chiuso: obiettivo raggiunto
As capitulation enters the despair phase of the market cycle price action should float around $120 for a considerable time to allow for consolidation. Don't expect any positive price action until Spring 2021 - assuming Boeing is still around by then!

istantanea
Nota
Good grief! Not even their aircraft crashed that quickly.

istantanea
Nota
If you bought the dip, now is the moment to take the profits, price action is overbought.

istantanea
Nota
Be very careful, < $100 price action could be next should this bearish rising wedge confirm a breakout to the downside.

istantanea
Trade attivo
$50 price action look probable on the monthly

istantanea
Nota
Down 30% since last update, another -50% to go

istantanea
Trade attivo
Down 60% so far. A long way still to go until the $75 target as projected by the bear flag breakout.

istantanea
Trade attivo
Currently down around 50% from publishing. Price action is about to drop another 50% following negative divergence confirmation.

2-week
istantanea
Nota
What came first the chart or the news?

“FAA grounds 171 Boeing planes after mid-air blowout on Alaska Airlines jet”

“They said there was a kid in that row who had his shirt sucked off him and out of the plane and his mother was holding onto him to make sure he didn't go with it."

source: bbc.com/news/world-us-canada-67903655

On the TA price action confirms rejection from the second bear flag. Is another 60-70% correction about to print?

Quality issues have plagued Boeing ever since its management pursued profits for shareholders rather than safety for passengers.

If recent events confirm a quality issue with the aircraft type in question, expect a collapse in price action.

Ww


10-day chart
istantanea
Nota
I imagine the Boeing board room with the civil aviation authority is something alone the lines of..

replace Front with Door and you're sorted.
youtube.com/watch?v=3m5qxZm_JqM
Nota
The end of this idea has arrived.

No more down for Boeing...

Declinazione di responsabilità

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.