Boeing $BA might be extending its bearish correction since March. It might still be a good long-term play, but it looks bearish in the short to medium-term. I am considering this name to be a buy-on-the-dip candidate, and want to wait for the $300 mark. I already had to stop out of a position I opened at $370 when price dipped below $360. BA Daily Chart(click to enlarge)Bears in Charge:- When BA first retreated in March, price found support around the $365-$370 area. - Price then rebounded and consolidated for a couple of months until May.- In May, we saw price dip below this support down to $340 before another round of consolidation.- During this latest round of consolidation, we can see resistance around $360.- Note that this also represents a breakdown below the 200-day simple moving average (SMA), and then respecting it as resistance. We call this a bearish slingshot signal.- With bears now in charge, I think it is likely price will fall into the $290-$310 support area, or around the $300 handle. This area is a common support since early 2018 and I am considering dry powder to buy in this area.