BA short
The downward trend line is still intact, it seems no catalyst that can lift the stock.
On the commercial airplane side,
- Delta reported a quarter that indicates the returning of travel. However, it is still far from pre-covid level ( ordering new aircraft)
- With another round of Covid lockdown in China and geopolitical risk, I highly doubt the Chinese will order more commercial fleet at the moment.
On the defense side,
- As one of the top military contractors, BA's peers (LMT, RTX, etc...) have outperformed BA stock.
- with the ongoing war between Ukraine and Russia, the EU has increased its defense budget dramatically, yet the news couldn't move BA stocks to a level that can break the downtrend.
In the short term, I think the down side risk is still greater than the up side reward.
168-169 is a level I might pick up some call options as a lottery play (wouldn't own shares since WS hate the stock so much)
BA
LMT
RTX
0KVV
On the commercial airplane side,
- Delta reported a quarter that indicates the returning of travel. However, it is still far from pre-covid level ( ordering new aircraft)
- With another round of Covid lockdown in China and geopolitical risk, I highly doubt the Chinese will order more commercial fleet at the moment.
On the defense side,
- As one of the top military contractors, BA's peers (LMT, RTX, etc...) have outperformed BA stock.
- with the ongoing war between Ukraine and Russia, the EU has increased its defense budget dramatically, yet the news couldn't move BA stocks to a level that can break the downtrend.
In the short term, I think the down side risk is still greater than the up side reward.
168-169 is a level I might pick up some call options as a lottery play (wouldn't own shares since WS hate the stock so much)
BALMTRTX0KVV
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