BA inside day long opportunity.Yes, you guess it right, to long in such a high price looks silly again, but it's really one of the most effective way to join an great uptrend without any significant pull back.
As BA's business keeps on growing, many investment bank start to upgrade it with target price higher than 300.00.
I know clearly how unreliable the target prices can be, but to be bullish and try to participate in a trend is always my trading philosophy.
This is one of the case that I don't really want to use the inside day low as my out,
since 1. 8 ema hasn't caught up the inside day low ; 2. I don't really want to risk only 1% in a trade, should give it a little more room to run.
Therefore, the previous pivot @ 254.07 is good enough for me.
Let's see how it goes!
BA-2
#Boeing - Release of new 737MAX 9 gives positive climb rateHi guys! Not a technical analysis, more of airplane lovers analysis. I'm forecasting Boeing price climb upto 192 as there are more and more interest in their new 737 family aircrafts. They did a lot in terms of fuel efficiency and introduced longer fuselage. New CFM engines, new signlets look amazing and they decrease fuel consumption by manipulating aerodynamics.
BA priced to perfection hereI know news is quite positive for Boeings commercial and defense expectations. There are rumors they are first in line for a large training aircraft defense contract. They also seem to be booking nice commercial airline replacement orders. A little concerning that this is trading above long term monthly trend while the markets are showing cracks at the seams. Really how much more good news can propel this higher. I get concerned when the log scale starts spreading out like it is on this stock.
GBPJPY 15min. LongHey Associate,
Looking we have a potential Bat Pattern on a 15min chart on FX:GBPJPY
Please make sure you know where your Entry TP levels and Stop loss....
Make sure you follow your plan YOUR plan & Remember Now Revenue.. Happy Trading Friends
FilipinoCasino - Spreading good Energy
BA: Overextended with MomentumAfter almost a year of accumulation below the 160ish high, the accumulation was ended with a Terminal shakeout on massive volume. That probably washed out most of the longs. We tested for a while b/w 120-130, hit the market on 6/24 to get out any last longs. Then the bull rally started.
I drew the modified schiff off the terminal shakeout because that's most likely the point where the goal to reach above the major old swing high was established so naturally the people that helped cause the selloff and accumulated there would be bulling the market in their behavior/style for the next phase.
Now we've been extending hard since 2-13 and we've made an excursion out of the UMH which means a change of behavior and lot of emotional enthusiasm. Then we get a hard down day to retest the UMH.
I'd like to see a break of the UMH, retest from the downside and drive back to the ML, gap zone, and previous swing high. I'm waiting though because Momentum can continue to carry price into excess until it's broken.
Just watching for now, seems to be setting up nicely.
Speculative short on BOEINGBOEING lends itself for a speculative short position as the price has reached a long term resistance line from the tops in 2007 and 2015. The 2015 top was also the 1.618 fibonacci extention from the top in 2007 en the bottom in 2009. Be carefull with a short position though as there no indicators yet of a weakening of the current uptrend. The price trend is upwards, and both the MACD and the RSI do not show signs of weakening (bearish divergence).
I do not have a position in BOEING.
BA @ daily @ only stock (30 dow) which is nearer to ATH as DOWThis is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
drive.google.com
4XSetUps for next week - friday close (DOW 30 Index & all shares)
Best regards :)
Aaron
WHAT I'M LOOKING AT THIS WEEK FOR EARNINGS -- AAPL, FB, BA, AMZNThis is a "kid in a candy store" week, with a good selection of earnings plays to choose from:
AAPL: Tuesday, after market close
BA: Wednesday, before market open
FB: Wednesday, after market close
BABA: Thursday, before market open
CAT: Thursday, before market open
AMZN: Thursday, after market close
MSFT: Thursday, after market close
I'll post setups on Tuesday once I have open market options pricing to look at. Pricing in off hours is notoriously suspect ... .
DOW JONES OVERVIEW: BOEING HOLDS 10-YEAR TRENDDuring the recent selloff, Boeing on long term basis failed the 5-year uptrend by falling below 1st upper standard deviation from 5-year (260-week) mean @ 137, however held the test of 10-year uptrend by bouncing up from 1st upper standard deviation from 10-year (520-week) mean @ 121.
On short term basis, the price managed to hold 1-year ascending channel (marked by 1st standard deviation from 1-year (264-day) mean, but the risk remains on quarterly basis - the price is below 1st standard deviation from quarterly (66-day) mean (also close to 137), reflecting probability of more downside here.
Thus we can conclude that while price is trading above upper 1st standard deviation from 10-year mean @ 121, the overall bias remains positive.
It will be confirmed by price getting back into 5-year uptrend by breaking above upper 1st standard deviation from 5-year mean @ 137