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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?