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2020-06-16

$Boeing(BA)$??

BA will continue to move up due to :

1. Re-certification of 737 Max by end June. 

2. Despite some cancellations of orders, BA still has huge outstanding orders of 4,744 planes. Base on BA’s production of about 800 planes/year,BA will continue to be very busy and make good profits for the next 5-6 years, even without any new orders.

If BA can break through and stay above $192 today, it will re-test the next resistance level of $230 very soon...

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