Boeing Is Ready to Lift Off
Boeing (BA) shares dropped by 31.5% last year, closing at $170, partly recovering from the earlier 44.5% plunge when prices bottomed out at $138 per share. Donald Trump's election victory provided a boost to the stock, pushing it up by 26.6% to $175. This marks the third recovery in the past five years, though the scale of this rebound is likely to be more modest than previous instances.
The bullish outlook is supported by a reverse head-and-shoulders pattern, with the neckline nearing a breakout. If this breakout materialises, it could significantly accelerate the stock's upward momentum.
My price target for Boeing is $230–$240 per share, representing an approximate 35% upside from current levels. The recommended entry point lies within the $170–$180 range, with a stop-loss set at $130 to manage risk effectively.
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