BA-2
BA - DAILY CHARTHi, today we are going to talk about Boeing Co. and its current landscape.
With more than 400 planes grounded, 737 Max crisis is still backlashing Boeing Co., and now the Boeing problem could become the industry "problem" as the Federal Aviation Administration (FAA), may fundamentally change the certification process of aircraft, by prioritizing the human factor in the proceeding. The FAA wants to appraise how quickly airline pilots can react to emergency situations and possibly evaluating how the design o planes make it easier or harder for the pilot's reaction. The proposals need to be the debated of Congress, that has been criticizing the FAA administrator Stephen Dickson over its close relationship with the industry, Dickson it's a former employee of Delta Air Lines.
The effects of the 737 problems, combined with the slowing down economy entails strong headwinds for the whole industry, plus this new regulatory change, companies could see a shrinking of its orders, and more costs to have products in-line with the new possible FAA framework. The positive highlight of the day for the sector goes to the orders coming from several airlines, like Emirates that ordered 50 Airbus A350 jets in a deal worthing $16 billion; Air Arabia ordered 120 Airbus A320s in a $14 billion deal, and Etihad will take 20 Boeing Co. 787 Dreamliners.
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Fly Boeing and Maybe ArriveUgh, just get me started on Boeing. The ugliest most ridiculous technicals in a chart I've ever had the "pleasure" of addressing. One of the most obviously manipulated stocks on the US stock market (next to SPY). Investors trading BA should be aware of large cap players (and banks) continuously pumping and dumping this trash. I will explain the technicals as far as I'm willing to in respect for a personal request. The only reason BA is still valued so high is because of government stakes (black ops, defense contracts, etc), otherwise the stock would sit at a cool $20 per share, at best.
Pump and dumps earlier this year are a basket case and will become "the new normal" for this stock. Look at the low volume pump in January through February, and the high volume dump in March. Next you'll notice the February candle (on the monthly chart) overshot the b-band not by little. An overshoot like this requires an immediate reversal to overshoot the lower b-band (called 're-balancing'), which is nowhere to be found. You'd expect the stock to soon correct this and go lower, but I'm doubting anything to go "as expected" from here forward.
To sum this up: Reading the technicals on the 'weekly', it points to a post earnings drop (October 23rd) to the 330's mark, and there is somewhat a likelihood for a mega-dump right below the 300 mark. But you should heed my advice and keep your money as far away from this as you possibly can.
BOEING - DAY TRADEHi, today we are going to talk about BA
We observe a 15M AND D1, some important points. The details are highlighted above.
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Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
Bullish S/R flip on Boeing, could rally higher. Boeing (BA) recently had a bullish S/R flip on the daily on top of a prior resistance zone around the 375-380 region. There remains a gap in the price action around 415, so that might be a possible target area. I am also watching the 400 level. This company has had a lot of bad news and bad publicity around it for some time, and in that, there might be opportunity for this to rally higher as I still think Boeing is a good fundamental company.
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
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Boeing Weekly Diamond Pattern BA SHowing on the weekly defined diamond pattern, I believe most likely a diamond top. See link for example. static-news.moneycontrol.com General rule for trading diamonds are the first target on breakout is equal to the size of the diamond. My first target for BA breakout down from this diamond would be around 247 area, but could go lower for uptrend support line touch. Here's the issues with trading this. This pattern could theoretically extend out for a while yet to come. So, to minimize risk the safe play is to wait for break below trend line/bottom diamond line to short. There is another, riskier play. Of course with more risk also generally comes more reward, so balance that according to your trading style. Option 2 would be to short now, since the last weekly candle touched then pulled back from a short term resistance trend line. If it were to be rejected and head down to bottom of diamond, that's a handsome reward without even breaking the formation. Nevermind how much dough it would be if it actually went ahead and broke out. If you decide to play this choice, be sure to set a stop loss just above the short term resistance trend line, so around 370. This represents a 5:1 ratio in favor of reward just to bottom of diamond. Total RRR to first target from close is around 15:1. Hit a nice gain last week off that Monday premarket drop, but will likely wait for breakout of formation to short here. Happy hunting and GLTA!!
Risk/Reward Name Of The Game In Boeing NowBA Weekly candle printed a hanging man at current channel resistance. This allows for short entry right now with an extremely tight stop loss of 369.5, only 1.5% loss. Minimum profit target would be 320 area around the 125 moving average, so just over 12% gain minimum. That computes to around 8:1 in favor of reward in this scenario. I like options in this case specifically, and I look for this move to happen quickly, before Sept 13th. Pretty self explanatory really. Happy hunting and GLTA!!
BAE Systems - About to rocket?BUY – BAE SYSTEMS (BA.)
BAE Systems plc is a defense, aerospace and security company. The Company operates through five segments. The Electronic Systems segment consists of the Company's United States and United Kingdom-based electronics activities.
Fundamentals
The company boasts special relationships with both the US and Saudi Arabia. The company has provided support and equipment to the Saudi armed forces for several decades now. The Middle East is a very important revenue stream and the company is actively trying to diversify its client list. BAE has not cut its dividend for 20 years and continues to maintain a dividend yield in excess of 4%.
Best Broker Target Price: 690p (Deutsche Bank 15/07/2019)
Worst Broker Target Price: 530p (JP Morgan Cazenove 17/07/2019)
Technical Analysis
BAE Systems share price broke out of a large range in July 2019 to confirm a bottom pattern. The shares subsequently move higher towards a high of 570p. In recent weeks there has been evidence of profit taking as the shares have dipped back to the breakout level to confirm support. So far, the support level is holding, which we believe is an indication of fresh buying interest. Further upside is expected over the medium term.
Recommendation: Buy
Buy between 530-545p
Stop: 520p
Targets: 615p
Boeing Gonna Have A Hard Time Flying...BA I believe is gonna have a hard time moving up through multiple resistance areas. As seen in previous post (linked) BA printed a bearish reversal sign candle in the Gravestone Doji. In trading this candle, the sell signal is the price closing below the LOD for the doji, which occurred today. Backing out a bit, you can see the loss of an uptrend support line, the retrace back to it, and the rejection in the form of the Gravestone Doji. Also, there is a downtrend channel resistance line, and the 125 moving average that will all likely act as forms of resistance to further gains. Stochastic has crossed over bearish as well. We are all aware of the fundamental problems with the 737, but now that the techs are turning bearish it looks to me like a good time to get your money in short with BA. I like the Sept 6th P330, currently available for about 120 bucks per contract. Trade negated at BA 366. Happy hunting and GLTA!!