Alright, so I had my girlfriend yell at me today for selling "too early". We took a modest 15% gain from Boeing initially and I sold it off because I was shitting my pants.
Well, in the last few days it has skyrocketed and it looks to go a little higher where I would expect retracement around the .618 level of $253. Am I mad I sold off early? Absolutely not!!! This thing looked like it was going down down to china town (coronavirus pun intended!). We see a buy signal on the 10/21 and everyone and their mother is rushing to buy this stock.
But no joke, what the hell just happened? If the RSI doesn't scream sell or the potential 75% increase in 10 days, then what does???
I am a firm believer in Boeing for the Long mainly because well, it will NEVER go under. Why? Welllllll, they make a lottttttttttt of military aircraft for the US. So yea, they will never go bankrupt. Would I buy it right now? HELL NO!
I am looking for the $75 long term price range that the long term trend lines show. Good luck to all!!
And yea, I could be completely wrong. But then again, who knows how to predict the future?
Well, in the last few days it has skyrocketed and it looks to go a little higher where I would expect retracement around the .618 level of $253. Am I mad I sold off early? Absolutely not!!! This thing looked like it was going down down to china town (coronavirus pun intended!). We see a buy signal on the 10/21 and everyone and their mother is rushing to buy this stock.
But no joke, what the hell just happened? If the RSI doesn't scream sell or the potential 75% increase in 10 days, then what does???
I am a firm believer in Boeing for the Long mainly because well, it will NEVER go under. Why? Welllllll, they make a lottttttttttt of military aircraft for the US. So yea, they will never go bankrupt. Would I buy it right now? HELL NO!
I am looking for the $75 long term price range that the long term trend lines show. Good luck to all!!
And yea, I could be completely wrong. But then again, who knows how to predict the future?