To The Moon

$Boeing(BA)$ Volume shelf setup here going into next week with a volume gap above up to $203.50. The volume shelf setup for $BA looks promising, especially with that gap up to $203.50. It would be interesting to see if it can maintain momentum or if any resistance is met near that level. Boeing troubles continue after its CEO Dave Calhoun announced that he will be resigning at the end of 2024. The stock $Boeing(BA)$ is down 23.97% year-to-date. The company faces five key challenges this year: 1. Legal battles: Boeing is facing civil lawsuits and potential criminal liability following incidents involving its aircraft. The bigger danger to Boeing is the prospect of criminal liability. 2. Regulators are pressuring Boeing to improve manufacturing standards and quality controls, leading to production slowdowns and additional costs for the company. 3. Cash burn: Boeing's business is experiencing a significant drain on cash due to regulatory issues and production challenges, resulting in financial losses and negative margins. A criminal conviction could potentially disqualify Boeing from certain government business — a devastating economic blow for a giant American manufacturer. 4. Tarnished reputation: Boeing's reputation has been further damaged by recent incidents, exacerbating concerns that had already emerged following previous crashes and safety issues. Travel search engine Kayak, which offers the option to include or exclude certain plane models from flight searches, said there has been a spike in people seeking information about types of aircraft since the door-plug blowout. 5. Declining investor confidence: Boeing's stock has suffered, losing a significant portion of its value, reflecting investor uncertainty about the company's ability to navigate its current challenges. The departure of CEO Dave Calhoun signals an attempt to restore investor confidence and address governance concerns. In addition, the mysterious death of John Barnett has worsened the sentiment about Boeing. John worked for Boeing for more than 30 years before retiring in 2017. In the days before his death, he had been giving evidence in a whistleblower lawsuit against the company. In 2019, Mr Barnett told the BBC that under-pressure workers had been deliberately fitting sub-standard parts to aircraft on the production line. What price do you think Boeing stock will be trading at by 31st Dec 2024?