Boeing finally showing a trend

4 באוג׳ 2020

Technical analysis

• Boeing showing support at the trend-line forming since the march lows.
  
• A close below $152 is a break of the lower highs trend
  

Sentiment, technicals, and fundamental views for Boeing are weak. However:

• risk-reward-ratio is very attractive
  
• Still a global duopoly (Boeing and Airbus)
  
• Heavy support from the government to help it succeed