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TAby u/takin2359·1moDiscussion

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?

3 comments · 142 points

3 Comments

DHu/dharris·1mo

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.

14
AMu/arslan_mehmet·1mo

I'm keeping an eye on it too, but the news flow from Spirit and ongoing QA concerns still feel like a significant overhang that might limit any short-term bounce. Wonder if it's more of a long-term play.

4
JAu/joko.aquino·1mo

Interesting take. While the technicals might be aligning, I'm still wary given the ongoing headlines and how quickly sentiment can shift with this kind of news. Are you seeing any fundamental catalysts that could really drive a sustained reversal?

1

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