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Boeing: Will it fill the Gap next week? What's next?It's been a month since Boeing's share started taking hard hits following the crashes of their 737 MAX aircrafts that gained a lot of unfavorable media exposure. The biggest hit was the March 11 1D candle that left a big $13 Gap. The recent (since 2018) price action on BA shows that every 1D Gap (either bullish or bearish) was filled. So in technical terms one can view the recent 361.50 bottom due to the 737 MAX crashes, as a technical filling of the January 29 - 30 Gap. It is reasonable to expect that the 737 MAX Gap will be also filled so our target is now 415.60. The question that remains is what is next for BA? Based on a similar price action during May - July 2018, we may see a 0.8 Fibonacci retracement at 428.50 as a temporary top. Then depending on the price action, the situation needs to be reviewed as with this kind of volatility on the monthly chart (ATR = 53.0614) despite the obvious long term uptrend (RSI = 62.909, MACD = 47.210, Highs/Lows = 8.9928), anything is possible. The goal for investors is to take advantage of those Gaps and primarily buy the dips. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
NYSE:BALong
by InvestingScope
3
Short and long off the resistance and support.TradingView Open position at $400.56 Stop loss at $403 Take profit at $379.6 Why this play? we just saw that the fault is due to Ba software, plus all the planes are still grounded all over the world, so take a look at the fees they are gonna have to pay. there is no way they are walking out of this without a scratch. based on that, i would consider their profit for the last quarter to be erased and see them going back to the $300-$360 range that they were trading at in 2018.
NYSE:BA
by WallSt007
BA Boeing- Don’t Even Leave The Airport (DELTA)NYSE:BA I wouldn’t touch this one with my A-hole sister’s money, which was probably stolen from me. I’m hearing words like “unprecedented” and “Never in aviation history”.. -5,111 Boeing 737 MAX’s ordered - 150 delivered and were in use. (until last Weds) -$100MM - the price of one 737 Max that amounts to over $510B of potential future write downs = HELL NO. My brain just exploded trying to think of the effects to earnings and the 2% dividend. Ka Boom.
NYSE:BAShort
by jgeno
Looking to short Boeing $BA for a potential $40 (10%) move.After a parabolic move up, then a breather, and another 10 straight weeks of aggressive gains...I am looking to short Boeing on a pull back from the $420's down to the $380 range. Currently trading at $422. Special tips: - I cite "Irrational Exuberance" as the reason for this short, however... - Remember that "the market can remain irrational longer than you can remain solvent". - In other words, don't bet the family trust on it. A move over $440 can tear the face off of shorts one more time as it did in its last break higher.
NYSE:BAShort
by currencyprinter
The Most Important Stock in U.S. Equity Markets - BoeingThe market's are being influenced by a single stock. How? Well there are linkages and arbitrage opportunities between the big Indices --> SPY, DIA, QQQ What does this mean? This means that if you can make the Dow go up, you can make the S&P go up. If you can make the S&P go up, you can make the Q's go up and vice versa. Can you give me an example? Sure, the fact that there are high frequency shops that capitalize on this is enough for me, but I'll do better; How about the fact that you never see a day where the S&P is up 1% and the QQQ or Dow is down 1%? Next: Structure of how the Dow is priced. It's different than the S&P and QQQ, these are both market-cap weighted. DIA is Price weighted. Boeing is a monstrosity inside of the Dow. It's a $425 stock. The next biggest is UNH @$267, MMM @$209, GS @$196 It's all about Boeing. Why Boeing? (I have to give credit to DataTrek for coming up with this research and all of the tremendous data they come out with:) - Boeing is up 31% YTD and 45% from it's lows. It's low in December was 58 days ago. 45% in 58 Days - Boeing is 11% of the Dow - Boeing is 2.4x more influential than AAPL and 3.9x that of MSFT, AMZN and GOOG aren't even close > Point: Move Boeing and you can move the entire marketplace - Boeing's 10.9% weight has contributed 776 points to the Dow in 2019 - That contribution is more than the next 4 names combined - GS (225 points), IBM (177 points), UTX (157 points), HD (133 points) = 692 points - These 5 names are responsible for 56% of the Dow's gains YTD. > Point: Boeing is directly responsible for 30% of the Dow's gains YTD. > Bigger Point: BA is the most influential stock in the marketplace. If you can move the Dow you can move the S&P's. SPY is up 8% YTD. It's up 19.11% from it's low on Dec 24th @ $234.34 + $44.8 (in 58 days) Why does this concern me? Well there's net outflows in the SPY YTD. I think smart money is potentially selling into this move and covering it up by driving order flow into one stock. ETF Fund Flows; www.etf.com My max upside on Boeing is $454. Have a wonderful weekend everyone and best of luck to ya next week gentlemen - RH
NYSE:BA
by RHTrading
7