BA$LSE:BOE
Based on Technical Analysis seems that the Market should keep going down to level 120 USD (OPTION A)
Stochastic it can keep moving in oversold before turning up, confirming that it can go down.
Fundamental analysis, overall info on airspace business are negative, but the good news of the BONDS might give a boost to the stock.
Boeing Bonds on Thursday peaked at more than $70 billion allowing it to borrow as mush as $25 billion
Boeing has $39 billion in debt as of the end of March.
In conclusion, stand aside from BOEING.
Based on Technical Analysis seems that the Market should keep going down to level 120 USD (OPTION A)
Stochastic it can keep moving in oversold before turning up, confirming that it can go down.
Fundamental analysis, overall info on airspace business are negative, but the good news of the BONDS might give a boost to the stock.
Boeing Bonds on Thursday peaked at more than $70 billion allowing it to borrow as mush as $25 billion
Boeing has $39 billion in debt as of the end of March.
In conclusion, stand aside from BOEING.
Note
It seems that the Analyst Goldman Sachs went long on Boeing - Target Price 209$ - I would always to stand aside from this Market
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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.