Verified Investing on $BA (Oct 26, 2026)
Despite Boeing breaking its near-term rising trend into bearish consolidation, four consecutive weekly candles with large lower wicks show investors defending the range ahead of earnings tomorrow. The speaker anticipates Boeing pushing up after earnings, with resistance at 2048 cents, and will check tomorrow whether the thesis holds.
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Now, this is one interesting thing with Boeing. If we're looking right here on the weekly time frame, all right, and I'm going to bring your attention down here closer towards these most recent weeks of price.
You can see I've got an inclining trend line. Cleanly, Boeing has not held this near-term trend of pushing up on the charts. Instead, broke it and has since come down and started to form bearish consolidation.
But the one thing I'm noticing, look at the last four weeks. Each of these weeks have had these large, massive wicks at the bottom of these weekly candles. What this is doing is illustrating that investors are supporting this range.
And they've done so now four weeks in a row with earnings tomorrow morning. So that tells me there's a lot of investors that have a lot at stake to hold this level.
I'm anticipating Boeing just off of these four candles, four weekly candles. I'm anticipating Boeing pushing up after earnings. We've got a clean level of resistance here at 2048 cents.
This low pivot back here from the week of July 20th. We'll see if my thesis is correct. We'll check back tomorrow, look at this chart, see if Boeing lifted off with this illustration showing us that investors are stepping up right here and at least near-term defending this level on Boeing.
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