$BA Analysis and Prediction for Boeing Company
Chart Overview:
Instrument: Boeing Company (BA)
Timeframe: Daily Chart
Indicators and Features:
Dark Pool Levels: Key levels at 183.30, 180.79, and 169.48.
Trendlines:
Red trendlines indicate resistance and support zones.
Green trendline shows the long-term ascending support.
Moving Averages: Likely 8 EMA, 21 EMA, and 50 EMA to confirm trend direction.
Volume: Not visible but implied for confirmation at breakouts or reversals.
Key Observations:
Current Price Action:
BA is trading near a dark pool resistance level at $183.30, which has shown historical relevance for reversals or slowdowns.
The price has been in a consistent uptrend, supported by the ascending green trendline and staying above key moving averages.
Resistance Levels:
$183.30: Immediate dark pool resistance and psychological barrier.
$186-$188: Potential extension target based on upward momentum, aligning with the upper red trendline.
Support Levels:
$180.79: Nearest dark pool support level.
$176.87: Key support level aligned with the red trendline, acting as a potential bounce zone.
$169.48: Strong support and dark pool level, marking the base of the current uptrend.
Trendlines and Momentum:
The red ascending channel suggests BA is nearing the top of its short-term range.
The green ascending trendline reinforces the long-term bullish trend.
Trading Scenarios:
Scenario 1: Bullish Continuation:
If the price breaks and sustains above $183.30, it could trigger further upside momentum.
Entry:
Go long above $183.30, confirmed with a strong candle close and volume.
Profit Targets:
Target 1: $186 (upper resistance).
Target 2: $188 (potential upper boundary of the red trendline).
Stop Loss:
Place below $180.79, the nearest support and dark pool level.
Scenario 2: Pullback to Support:
If the price fails to break above $183.30, it may retrace to lower support levels.
Entry:
Go long at $176.87, where the price aligns with support from the red trendline.
Profit Targets:
Target 1: $180.79 (dark pool resistance turned support).
Target 2: $183.30 (current resistance level).
Stop Loss:
Place below $176.00, just under the trendline support.
Scenario 3: Bearish Breakdown:
If the price breaks below $176.87, it could trigger a deeper correction.
Entry:
Go short below $176.00 with confirmation.
Profit Targets:
Target 1: $169.48 (strong dark pool support level).
Target 2: $165 (potential psychological level and historical support).
Stop Loss:
Place above $180.00, invalidating the bearish move.
Risk Management:
Use a 1:3 risk-to-reward ratio to optimize trade profitability.
Adjust position size based on individual risk tolerance.
Volume Consideration:
Watch for a volume spike at key levels ($183.30 for breakout or $176.87 for pullback). Increased volume validates institutional activity and provides confirmation for the move.
Summary:
BA is currently in a strong uptrend, testing significant resistance at $183.30. A breakout above this level could lead to further bullish momentum, while a failure may result in a pullback to key supports at $180.79 or $176.87. Traders should monitor volume and price action closely for confirmation at these levels.
Instrument: Boeing Company (BA)
Timeframe: Daily Chart
Indicators and Features:
Dark Pool Levels: Key levels at 183.30, 180.79, and 169.48.
Trendlines:
Red trendlines indicate resistance and support zones.
Green trendline shows the long-term ascending support.
Moving Averages: Likely 8 EMA, 21 EMA, and 50 EMA to confirm trend direction.
Volume: Not visible but implied for confirmation at breakouts or reversals.
Key Observations:
Current Price Action:
BA is trading near a dark pool resistance level at $183.30, which has shown historical relevance for reversals or slowdowns.
The price has been in a consistent uptrend, supported by the ascending green trendline and staying above key moving averages.
Resistance Levels:
$183.30: Immediate dark pool resistance and psychological barrier.
$186-$188: Potential extension target based on upward momentum, aligning with the upper red trendline.
Support Levels:
$180.79: Nearest dark pool support level.
$176.87: Key support level aligned with the red trendline, acting as a potential bounce zone.
$169.48: Strong support and dark pool level, marking the base of the current uptrend.
Trendlines and Momentum:
The red ascending channel suggests BA is nearing the top of its short-term range.
The green ascending trendline reinforces the long-term bullish trend.
Trading Scenarios:
Scenario 1: Bullish Continuation:
If the price breaks and sustains above $183.30, it could trigger further upside momentum.
Entry:
Go long above $183.30, confirmed with a strong candle close and volume.
Profit Targets:
Target 1: $186 (upper resistance).
Target 2: $188 (potential upper boundary of the red trendline).
Stop Loss:
Place below $180.79, the nearest support and dark pool level.
Scenario 2: Pullback to Support:
If the price fails to break above $183.30, it may retrace to lower support levels.
Entry:
Go long at $176.87, where the price aligns with support from the red trendline.
Profit Targets:
Target 1: $180.79 (dark pool resistance turned support).
Target 2: $183.30 (current resistance level).
Stop Loss:
Place below $176.00, just under the trendline support.
Scenario 3: Bearish Breakdown:
If the price breaks below $176.87, it could trigger a deeper correction.
Entry:
Go short below $176.00 with confirmation.
Profit Targets:
Target 1: $169.48 (strong dark pool support level).
Target 2: $165 (potential psychological level and historical support).
Stop Loss:
Place above $180.00, invalidating the bearish move.
Risk Management:
Use a 1:3 risk-to-reward ratio to optimize trade profitability.
Adjust position size based on individual risk tolerance.
Volume Consideration:
Watch for a volume spike at key levels ($183.30 for breakout or $176.87 for pullback). Increased volume validates institutional activity and provides confirmation for the move.
Summary:
BA is currently in a strong uptrend, testing significant resistance at $183.30. A breakout above this level could lead to further bullish momentum, while a failure may result in a pullback to key supports at $180.79 or $176.87. Traders should monitor volume and price action closely for confirmation at these levels.
Trade active
Correction : DP $171.50 correct darkpool level
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.