"Has Boeing turned the corner???" I think the answer to this technically is still difficult to say, despite today's sharp gains to multi-day highs for BA 1.38% . However, i do view Wednesday's gains as being promising, and feel that a move above $210 would make the near-term trend bullish, arguing for a likely rise up to $225, and then $233, which approximates the 50% retracement level of its decline from late December 2023. While sentiment seems overly bearish on Boeing lately, the shares have begun to grind sideways in a stabilizing type fashion, which is a minor positive. Its sector, Industrials has proven to be the 2nd best sector over the last 1 month and 3 month basis, with returns of 6.08 and +14.38% respectively. Industrials also is the most overbought, per Daily RSI, though this does not represent a bearish omen, in my view. Overall, i feel that BA is one stock that should be beginning a mean reversion type move higher within its strong sector. Risk levels for investors lie at $197 on the downside, which can't be breached without resulting in further near-term selling. Conversely, as mentioned above, $210 is the key resistance level that needs to be exceeded to have faith that BA might have bottomed from a technical perspective. At present, Wednesday's gains make this stock one to watch carefully in the days ahead, but do not constitute an immediate technical attractive entry point just yet barring a move back above $210.

BA 1.38%  has bounced sharply off earlier lows$225.79-Note that 50-day m.a. was helpful as support, but this was also an Anchored VWAP level for Boeing & today is a 50% TIME retracement of its prior 10/25-12/15 rally & BA nearly hit its 50% price retrace.. Tough to always put too much credit in reversals following big Gapdowns on heavy volume being "the low" yet, based on price and time confluence, one could have certainly expected some support today for reasons that were not just related to its 50-day moving average.. Food for thought-