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#BA - Two path, same destination. Since March 15th, BA has been struggling with a two month downtrend after a good 2020 price recuperation. Its clear how the downtrend was loosing volume and strength with the pass of the days. We can observe, a really good bounce on 220-225 price level (Previous key resistance) and a breakout of the midterm downtrend. Still really far from 2018-2019 prices, BA its showing a decent recovery and I think our first target is the last maximum at 278 USD. Last week we had a +14% increase, so I expect a little correction here and a bounce at 240 USD level. (or maybe not). Two possible paths, but the same destination. A - Opening position: 250USD - Stop Loss: 230 USD - Price target 1°: 278 USD - R/R: 1.44 B - Opening position: 245USD - Stop Loss: 230 USD - Price target 1°: 278 USD - R/R: 2.77
NYSE:BALong
by aoberninger
BA out of descending wedge with bounce on retest! BREAKOUT ALERTThe last two times BA has seen this defending wedge breakout since the covid drop it’s seen multi day runs. This could be the start of another leg up and possibly the 300 move. Will be looking to play the breakout not longer dated calls since it’s been so news driven. Will just buy and roll shorter calls as the opportunity presents itself. It has been so news driven I don’t want to play the longer calls and tie up capital. Will be looking at the MA for scales 50 MA is shown and just above current levels.
NYSE:BALong
by ProSpacTalk
2
Corrective pattern after Corrective pattern BA keeps going upToday we have a great chart to share: "BOEING." Since the bottom of the pandemic bearish movement (MARCH 2020), we have observed a sequence of corrective patterns and breakouts that makes a series of higher highs and higher lows (what defines a bullish trend). In the previous 3 patterns every time we had a breakout, a bullish movement continued. So, what can we say about the current one? The current corrective pattern is very interesting because it is formed on the edge of the broken descending trendline (main bearish structure since March 2019). From a technical perspective is a great pattern to look for (Clear corrective movement on the edge of a Higher degree structure) Another important detail is that we have a well-defined Bullish Structure. In this case is the yellow ascending channel, which provides us with a good take profit level. On the chart, we have provided a Green horizontal line (which is an activation level) and a red horizontal line (which is an invalidation or stop level). The idea here is to develop a setup with a risk rewards ratio of 2 and an expected duration in the case goes as planed between 40 to 50 days. Thanks for reading!
NYSE:BALong
by ThinkingAntsOk
Option Play: BANot as easy to see this one - But a common scenario when a stock has just gone down through the green cloud and found support at a previous high, is to bounce to one of the MA’s or cloud average indicators (red or blue - forgive me for my lack of terminology). Good recent volume accumulation is showing a gap up day coming with momentum, that maybe they fade. Look to sell all calls that I have when that happens. Good luck if you play!! Give me a like or a shout out if you make money here! If we lose, I’ll be happy to post that I was wrong. Gotta learn somehow! (Btw not long here just a scalp)
NYSE:BA
by thealecbellamy
2