BA either moon or bust

BA

Boeing has 4 days to hit the veryyyy end of a triangle that has been developing since June 8. So I believe we are at the precipice of a GIANT move in the coming days. The $180 price is still a very strong psychological resistance and has been hit 3 times in the previous few weeks. Recently, news has been circulating that the 737 MAX will be back in the air in October and currently Canada is analyzing data after a series of tests on the plane. Between these two events and any positive COVID vaccine news, and this stock could be "back in flight", so there's plenty of optimism to be had for this stock. One event that could prevent all of this is the ever present overvaluation of tech stocks. Any kind of major sell-off in tech could result in the entire market crashing which would be in a much larger scale than what we saw Thursday. Ongoing analysis to come if things get hairy in the markets.