Dear subscribers, we haven't covered boeing in our articles for a long time - let's see what happened. 
BA
The corona crisis undoubtedly hit the aviation industry hard, especially airlines and aircraft manufacturers. The uncertainty is still great when one thinks about the coming years. The Boeing share and its competitor Airbus have suffered horrendous losses of up to -74% in the corona crash in march 2019. This was a truly heavy loss, especially for an American giant like Boeing.
Will aviation ever recover to pre-crisis levels? - We at Mendenmein-Capital answer this question with a strong "YES".
Even if the charts in Boeing still suggest caution, fundamentally things are slowly looking better again. With the financial support of the U.S. government, Boeing has an unshakeable partner on its side and orders for new aircraft are already picking up again. A few days ago, Boeing was able to finalize a record-breaking package of almost 30 billion US dollars with its long-time customer "Qatar Airways". Major airlines are preparing for a recovery in aviation in the coming years with the help of major investments. We also view the coming years as very promising for Boeing and are sure that companies like Boeing will shine again in the future.
reuters.com/business/aerospace-defense/boeing-sign-qatar-freighter-deal-monday-us-officials-2022-01-31/
Technical explanation of the elliot-wave structure:
From a technical perspective, there are some important formations and support lines to watch out for in Boeing. Investors familiar with the elliot wave theory should have noticed that since its all-time high at $446.01 and its last low at $89, Boeing has formed a gigantic 1-2 wave setup. This means nothing other than that we are in for a multi-year and impulsive bull market. The misleading movements of the last months are deceiving investors about this fact. At the moment, we are building a solid foundation with the last three 1-2 wave setups in a row on which this bull market can unfold healthily.
The last support at $141.58 must be watched very closely in the upcoming weeks.. This support is of high importance and a break of it would cast a very bad light on the bullish structure of the stock. We would face lower prices again, but this hardly changes the long-term expectation of higher prices.
We assume that an upward impulse will develop in the coming days and weeks. In the coming months, we target the price at the 1,618 extension, which is located at just over $400.
Disclaimer:
According to legal regulations, Mendenmein-Capital is not a certified or legally recognized financial advisor and any transactions based on published content are at your own risk.
Mendenmein-Capital cannot be held liable for any losses whatsoever according to the legal regulations in it's country of residence.
===============================================================================================================
If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact us.
BAThe corona crisis undoubtedly hit the aviation industry hard, especially airlines and aircraft manufacturers. The uncertainty is still great when one thinks about the coming years. The Boeing share and its competitor Airbus have suffered horrendous losses of up to -74% in the corona crash in march 2019. This was a truly heavy loss, especially for an American giant like Boeing.
Will aviation ever recover to pre-crisis levels? - We at Mendenmein-Capital answer this question with a strong "YES".
Even if the charts in Boeing still suggest caution, fundamentally things are slowly looking better again. With the financial support of the U.S. government, Boeing has an unshakeable partner on its side and orders for new aircraft are already picking up again. A few days ago, Boeing was able to finalize a record-breaking package of almost 30 billion US dollars with its long-time customer "Qatar Airways". Major airlines are preparing for a recovery in aviation in the coming years with the help of major investments. We also view the coming years as very promising for Boeing and are sure that companies like Boeing will shine again in the future.
reuters.com/business/aerospace-defense/boeing-sign-qatar-freighter-deal-monday-us-officials-2022-01-31/
Technical explanation of the elliot-wave structure:
From a technical perspective, there are some important formations and support lines to watch out for in Boeing. Investors familiar with the elliot wave theory should have noticed that since its all-time high at $446.01 and its last low at $89, Boeing has formed a gigantic 1-2 wave setup. This means nothing other than that we are in for a multi-year and impulsive bull market. The misleading movements of the last months are deceiving investors about this fact. At the moment, we are building a solid foundation with the last three 1-2 wave setups in a row on which this bull market can unfold healthily.
The last support at $141.58 must be watched very closely in the upcoming weeks.. This support is of high importance and a break of it would cast a very bad light on the bullish structure of the stock. We would face lower prices again, but this hardly changes the long-term expectation of higher prices.
We assume that an upward impulse will develop in the coming days and weeks. In the coming months, we target the price at the 1,618 extension, which is located at just over $400.
Disclaimer:
According to legal regulations, Mendenmein-Capital is not a certified or legally recognized financial advisor and any transactions based on published content are at your own risk.
Mendenmein-Capital cannot be held liable for any losses whatsoever according to the legal regulations in it's country of residence.
===============================================================================================================
If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact us.
Note
We are watching the situation very carefully and we will give out an announcement if we enter new positions on Boeing.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.