The Future of Boeing

A friend asked me for my view on this on last FridayI will never look into airlines and related stocks, with covid19 going and most borders, without intervention I don't see how this can be a bullish stock for the year.

Well, but you are already in it, congratulation. If you are conservative I will wait at 238.12-261.42 and wait for a reversal signal to exit the trade.

If you are extremely gung-ho on this, then $320 will be good.

Note

News on Boeing and my personal take
Source of news:
thestreet.com/investing/boeing-ba-stock-rebound-trading

My point of view:
Base on the news(video), June should be safe, we have to observe for Jul when they roll out domestic flight and see if the income recovery traders are happy to see. We are all aware that domestic flights are cheaper than International flight, traders would have that in mind, the concern will be how low is consider bad for Boeing?

In August 2020, we will be anticipating a lay off of senior staff. This may upset the market and might cause riot.

RaynLim

🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker

Get into our 15mins workday community
discord.gg/AKDr9vPqH7

Live session & Trading Tips on the GO
instagram.com/raynlim/

Also on:

Disclaimer

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.

RaynLim

Also on: