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TAby u/takin2359·1hDiscussion

Watching $BA today for potential reversal

Boeing's been under pressure since the QA issues surfaced, and the recent news out of Spirit AeroSystems isn't helping. However, I'm seeing some consolidation around the $180-$182 level on the daily chart. RSI is in oversold territory, and we had a minor bounce yesterday. Volume has been elevated, indicating significant interest. A break above $185 could signal a short-term bottom and a move back towards $190. Conversely, a push below $180 could see it retest the $175 area. Anyone else looking at this one today, or still too early to call a bottom?

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1 Comments

DHu/dharris·1h

I'm with you on the oversold RSI, but that Spirit news is a heavy anchor. It feels like any bounce might be limited until there's more clarity on the production side.

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