Avoid Mistakes: Buy or Sell Boeing Stock?

uh Boeing stock guys went up 1% 1 uh 27% on Friday we're going to talk about if it's a buy or not okay so um very very important that we pay attention to this let's go right into um the charts here all right so we had news on boing all right big news on Bo that uh bing stock Dow giant secur 737 max deal after uh 20 billion US armed sales to Israel all right stock jumped um uh one uh what is it a127 all right on um on Friday and they're talking about buying this stock so we're going to talk about this if to see if a Bo is a buy all right so this is why guys when we trade we really want to pay attention um to what's going on on the fundamental analysis okay and also the price action right now boing if you guys see here right here boing guys yes it was up on Friday and Traders are talking about it but look here the composite rating is at 21 I don't know if we can get any lower than that all right if you guys see it right here 21 right when we trade we want to see a composite rating in the '90s okay 97 98 999 9 that's 21 and boen is ranked number 40 in its category number 40 that's not good for boing okay so yes they got some Capital that's that's all well and good but guess what earnings right that's not good they're ranked if we look at the earnings right here earnings guys it's down all earnings are down guess what composite rating again 21 they're ranked 40 their group so if we're going to buy an airline stock guess what it wouldn't be um boring okay so yes they got data right good news came out don't be fooled by that all right fundamentals are bad now let's take a look at the price action okay so let's take a look at that price action on The Daily time frame you guys see here nothing is happening here we're in the markdown phase setting up for the accumulation phase we'll keep an eye on this but all of the trades guys very choppy trading so bought here sold here bought here sold here bought here sold here bought here sold here on the break of support nothing is happening with the stock even with the move on Friday nothing happened with the stock on the daily time frame even if you did traded this stock look here nothing look at the daily candles here no nothing happened so so all these great news all right nothing happening with the stock on the weekly time frame look here right absolutely nothing is is happening here we have major support here at 113 now remember boen let's take a look here on the monthly time frame Bing came from a high of $443 $443 guys $443 so those Traders those invest not Traders all right those invest that got in all the way up all right all the way all along the way up that is still holding guess what all right it went from 443 444 now it's trading at 174 okay so is Bing a buy absolutely not boing is not a buy okay even with that good news coming out boing is definitely not a buy okay we have further pressure on boing on the monthly time frame guys we have red candles here support is at 110 further support is all the way down here now I'm not saying right we're not saying that it could make its way all the way down here at 555 but boy if it if it retest support right here at 110 it certainly could break lower all right to 59 so no bowing is not a buy not a Buy on the monthly not a Buy on the weekly not a Buy on The Daily let's take a look at the 60-minute time frame just to see what we've got here even on the 60 Minute guys we don't have a Buy Signal so absolutely not boing is not a buy stay away from this stock guys at some point it might be ready okay so don't let this this good news fool you fundamentals are horrible price action absolutely horrible stay awake take care bye

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