iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Keep the First Class Dreamliner Dreams Alive

Despite most Boeing Dreamliners being currently grounded for battery checks after a string of incidents, as I wrote a while back the monthly chart for Boeing is till indicating long-term breakout potential.

On the updated monthly below, consider the diamond consolidation still not in danger of being resolved lower. I view $73 as a major support level, and thus far the reaction to this Dreamliner news by the market has been far from catastrophic.

Boeing has already put in its dues with several years of backing and filling. Perhaps the market had sufficiently priced in these types of issues and delays by now.

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