$BA Where Bad News is Good?

Boeing (BA) to recognize charge and increased costs in second quarter due to 737 max grounding; amounts relate to expensing of estimated potential concessions and other considerations to customers and impact of continued lower 737 max production rate; said charge will result in a $5.6B reduction of revenue and pre-tax earnings in quarter and will record an after-tax charge of $4.9B

I'm all about ":flag_us: first, but this has been propped up far too long.
Watching these levels closely. If we break above resistance (red line) 384 area could be next, but there is too much downside risk.