BA - a sixth consecutive daily decline

Whilst the broader market saw another day of gains, there was notable weakness in Boeing (BA), which settled lower for the sixth consecutive day, -1.8% @ $128.57. Near term outlook threatens increasing downward pressure to the 122/121 zone where the 200dma is lurking.


BA, daily

BA, monthly

Summary

*obviously depressing news for the Boeing workforce, as at least 4000 are set to be dismissed.
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Considering the strength in the main market, BA sure is struggling, but then, since the Feb' low of $102, its seen a hyper ramp to $136.

The giant monthly chart tells the story of a Dow'30 component that looks tired.

If the broader market rolls lower again into the early summer, then the $102 low will be primary target. Secondary is the 75/74s, but clearly, that is an extremely long way down.
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*currently no position, but will consider shorting in April.. with an outlook to hold short across May/June.