$BA **REQUEST** Consolidation Above $200 Expected 1/21/21Video Breakdown and Analysis on $BA going into New Year! REQUESTED
BA-2
AMZN / SPY (2019)AMZN LAGGING BEHIND SPY REMINDS ME OF LAST YEAR.
Any positive news for AMZN can be the catalyst to send it higher.
TSLA / AMZNAMZN LOOKS LIKE TSLA BACK IN NOV.
I WOULD GO LONG OVER 3200, OR YOU CAN WAIT FOR THE 3250 BREAK FOR A BIGGER BREAKOUT.
I WOULD GO SHORT UNDER 3075.
TSLAIF TSLA CAN'T GET BACK OVER 608, IT CAN CONTINUE MOVING LOWER TOWARDS 585, 573, 554.
I WOULD CONSIDER CALLS OVER 608
AAPL PRE MARKET- WEDBUSH RAISES AAPL PRICE TARGET TO $160
I WOULD GO LONG OVER 125.
TRADE IDEA: 127C 12/11
BA better play when reach 250 NYSE:BA a better place for trade is once it fills the 250s gap and closes above it. Then it has resistance at 300 (Gap# 2) and a better profit margin. In fact, it can go to gap# 3. easily. Play strategy
- Buy around 250 with SL 235. Hint: Stop loss calculation Buy Price - ATR * 1.5 .
- Take capital out around once reach 300 (gap# 2) and leave free money to run.
- Close trade once gap# 3 touch around 321.
AMZN These are the things I look for when drawing my levels. I don't use any indicators because I believe they can be misleading and cause an inadvertent bias. I look at a trade from multiple angles. Its not as simple as entering into a trade just because a stock broke a level. You have to align your trade with News events, Upgrades, Strength of sector, Strength of market etc..
1. Analyze price action
I look at how many times a stock fails at a certain resistance area.
i.. If AMZN fails at 3250 multiple times, that means that's a strong level. and when it finally does break, a big move can happen.
2. Stock Patterns
a) Pennant, Bull Flag/Bear Flag, H&S/Inverse H&S, Wedge, ascending/descending triangle
2. Correlation with SPX/SPY
a) Is AMZN moving up while SPX is moving down? This indicates that AMZN price action is strong. Is AMZN moving down with SPX moving up? This indicates that AMZN price action is weak.
b) You also have to look at what the stocks in the sector you are trading are doing. Say AMZN does break 3250 but the tech sector is weak that day, and SPX is weak, this can drag AMZN down.
3. News.
I check pre-market for news every morning. Did the stock get an upgrade/downgrade? Is there any news being anticipated?
If you are are patient and wait for breakouts at key levels, these types of trades can present a great risk/reward ratio. You don't need to trade everyday. You can make 25-30 trades a year and make $100k+ relatively easily while only risking a small amount of money. Don't be in a rush to trade everyday. Preserving capital and just waiting for the best setup is 80% of trading.
$BA - Bull Target $236 - $265 & Bear Target $200 (Buy Area)Break out from triangle
Target $236 - $265
Break down from triangle
Target $200 - BUY AREA
$BA BullishI am bullish on BA, see reasons on chart. I can see $251 tomorrow to close the gap from March 5, 2020. @theeconomicalm1
Boeing [BA] Back To Pre-Crisis HighsBoeing is doing great this month. The US elections and vaccine news made investors realize that Boeing was criminally undervalued.
Today is the day when Boeing finally beats the summer high around $230. With a vaccine within grasp, I see Boeing reaching its old highs again.
Consider Resistance 1 and Resistance 2 as great areas for taking some profits. In case you're more bullish minded than that, ride the wave till $400!
