BA-2
$AAPL $BA $SE $NVDA I OptionsSwing WatchlistAAPL 1H I AAPL was rejected once again near $180. It might be forming an ascending triangle. Watching for a bounce near our trend or near our support level at $176.
BA 30M I BA seems to be consolidating right above $200. Picked up unusual activity on Friday. Watching for a bounce near the $200 level or a breakout from the current pattern.
SE 1H I SE is down nearly 40% from recent highs. It is breaking out from the current downtrend, and last week we saw a bullish reversal sign as it is making a higher low.
NVDA 2H I Broke out from our pattern last week, it is pulling back now and forming a possible falling wedge. Watching for a breakout from this pattern or bounce near $290.
Is this the beginning of the long waited move?Although "almost" every single sector moved ATH's, the travel stocks are still at their lows. I have been keeping eye on CCL AAL BA for their long waited move. Looking at the daily chart:
1. Made the first higher low
2. Stayed above the 0.236 Fib line
3. RSI 14 crossed RSI 50
Looking CCL to move to the 0.382 Fib line and hoping it will either:
1. Stay above
2. Make a higher high and create a bullish trend.
PS. This is not a financial advise nor I am a financial advisor.
BA - Finally showing some signs of lifeBA, one of my favorite companies (I'll just throw this out there so you can know of some Bias before reading further), if finally showing signs of life and more catalysts on the horizon.
737 Max Approval appears highly likely - although this might prove to be a "sell the news" event after recent price movement, it ultimately will bring the stock higher in the coming months.
COVID Vaccine = more confidence to regain some sort of normalcy as far as air travel - I agree we wont go straight back to where TSA numbers were historically but it's a massive step in the right direction.
737 Max Orders - Rumors yes, but once the plane is FAA cleared - people will start to see and understand it'll be the safest bird in the sky. Fuel efficient, retirement of old planes, Planes ready to ship almost instantly.
Defense contracts - I sometimes feel like BA defense operations have been over looked (not all but some) and from a FCF perspective - this just is another drop in the bucket to getting profitable. Dividends reinstated down the line.
I'm sure I missed some but just throwing some ideas out there, why I see this heading in an uptrend with further room to run by year end.
PT1: $223
PT2: $265
PT3: $308
I'm betting by year end we're between PT1 and PT2 but as always trade wisely.
GLTA
Boeing engine fireI've been out of $BA since $235 and for good reason.
Major fibs are being broken and the trend line fail as well.
In addition, you can see how the oscillators are converging to the downside...
I see $180 as the price target.
Not shorting...
Personally, I am waiting for entry.
I've linked my past Boeing ideas
(bull & bear; right or wrong)
to give context to my thoughts now.
Happy Trading
BA Weekly Options PlayDescription
BA gapped out of the pattern, a strong signal, and made a nice bullish candle on strong volume.
We'll be looking for this move to continue.
Related idea linked, almost entered on friday, but didn't quite cut it.
Using A call debit spread, because profits are always limited by time.
Call Debit Spread
Levels on Chart
SL is a daily close back in the wedge.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/19 235C
SELL
11/19 255C
R/R & Breakevens vary on fill.
The long call is placed ATM for higher chance of profit,
The short call is placed at a reasonable expected level of price within the expiration time.
The front-week options play is to capitalize on a swift movement following the break.
Manage Risk
Only invest what you are willing to lose
$EXPE PEG and Cup With Handle BreakoutI've put relevant notations on the chart. I'm putting this on my action list for next week. Many ways to play this one. If it opens in the upper wick that's strong. If that's the case I may go long with a stop below the day low or open. I may wait for a pullback but look for the gap to hold. It could also flag here for a few days or weeks. Either way this should be on your watch list. Ideas, not investing / trading advice.
As a side note there are quite few gappers this week worthy of a watch list such as $GDYN, $SYNA, $LYV, $PFE, $GT, $TGI and $BA which I've posted an idea on.This list is only a few, it's been a great week for many stocks breaking out.
BA Breakout and My Trading PlanBoeing is looking to breakout the downtrend here. It has been doing this pattern and breakouts ever since the covid crash and we have another instance here. BA has consistently been creating these downward wedge patterns and breaking out.
With the increase in vaccinations and covid issues starting to decline, and businesses and travel opening back up, this could be the catalyst that BA needs to start going back up. The USA also are now allowing vaccinated foreigners into the country which is huge for tourism.
I will be playing the gap fill at around 230$ - 235$, which would be my TARGET #1
There is also GAP #2 at around 245$ which could be the second target if it breaks the 230$ and the 240$
BEWARE: we did create a gap below, and is very possible that we fill that gap below before we can rip higher
OPTIONS:
I would take a month out, if more for these contracts. The Dec 3rd have decent open interests on the 225C and the 230C
DEC 17th look the best however with over 10k Open interest in many different contracts.
GOOD LUCK!
230 days inside a correction | What to do in case of a breakout Let's take a look at the current situation of Boeing:
a) For the last 230 days, the price has been on a Corrective pattern (yellow lines) inside a macrostructure (White trendlines)
b) Based on past behavior we can see that after the breakout of this type of structure, we tend to observe a small correction.
c) That's the situation we think is the perfect spot to develop Bullish setups with good Risk to reward ratios towards the target
d) Which is the target? Using the previous higher highs we can draw a trendline that may provide us an idea of a possible dynamic resistance zone. That's why we will use that as the take profit level
The key idea for this setup is to observe the breakout and the price above the ascending trendline. If that happens and we see a small correction, that would be a good spot to think about bullish opportunities
Thanks for reading, and remember to protect your capital, and always study the situation you want to trade before risking 1 dollar
BA breakout, long term price target $307 BA breaking out in the weekly chart. If we maintain we can see $244.
Something I noticed while charting BA. The return rate after a bull flag breakout on BA has been consistent for the last two Flags. After a bull flag breakout, BA has returned on average $75 for the past two flags.
If history were to repeat itself with this recent Bull Flag. The return rate of BA would be about 33% if BA would to breakout at $231 and you would enter at this price. I used the two previous Price Ranges to determine a Long Term Price Target of BA and return rate for this recent flag.
BA - First Stop 240 then 275. Boeing - Finally on the move here with great volume on Friday. We have the 5/9/20 EMA's curled up and on watch for a cross above the 50EMA. Nice large double bottom in progress and looking for a break above 228 to test 240 in the short term. Above 240 with a successful hold of support and the implied move on this double bottom would be 275 for now.
I like shares and the June 2022 230C's with a stop loss at 210.65. Good luck!
LONG BA$BA
Weekly time Frame
With travel opening and strong Friday BA looks breakout on charts if this run it can be insane my target is 300 or more in upcoming time on BA
BA has very good news apart from few here and there bad news regarding issues but with world opening up its positive sign.
Holding BA JAN 2022 230c @470 Current price is now at 1220 over 250% gains already
BA 230c Nov 19 also looks good to me or BA 250c dec 17 stop at BA below 218
For Education purposes only ...!!!