Boeing’s Market Cap is Crashing $BA

I wrote a few weeks ago when the BA news came out about their 737 Maxes having trouble that the chart look gross. Not only did it look like a parabolic momentum top, it likely has a lot of people trapped from the last few years. Her is a clear line in the sand for the BA lovers and K believe it will be tested very soon.

You can see the parabolic “bitcoin like” rise that BA has experienced over the past years. If you zoom in you will notice the consolidation, breakup, and failed breakout on the chart.

Giving this

About the author: HeyImSnuffles Snuffles

Just Climbing the Wall of Worry and Picking the Right Time to Get out of the Way. I am a Nuclear Engineer who quit and has studied global and crypto markets for almost a decade.