BA
BOEING (BA) | Short-term pessimist, long-term optimist BOEING ( NYSE:BA )
+ Possible bullish bat and gartley pattern - Looking for Point-D
+ Bullish flag pattern
+ Symmetrical triangle
- Boeing 737 Max scandal, Covid19, China sanctions, Earnings report
+ Short-term pessimist, long-term optimist. Aviation industry will definitely recover after covid19
+ Stop loss is your friend
+ Take profit depends on your risk appetite
BOEING (BA), Where now?About Boeing: The Boeing Company is the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers.
BA is very interesting, here is my technical analysis:
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Two possible expected outcomes:
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If BA BREAKS DOWN 196, it can reach the range of 180-188.
It's a great place to collect BA.
If BA DOESN'T BREAK DOWN 196, it can continue to climb and you can also enter BA.
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Or if we are Wrong:
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if BA BREAKS DOWN 180, it will return to it's 160 levels.
Remember BA is affected by Corona news has BA declined a lot because of the Corona as Corona effect the whole Aerospace industry.
In general BA is LONG for the long run.
Long run first target is 300.
$BA - Watchlist - Wait For 50MA$BA has looked good of late. Closing above 200MA. If you're looking for confirmation you could wait until the 50MA cross up above the 200MA as a buy signal. It will likely be a buy signal for a lot of people. But I wouldn't fault anyone for jumping in now. Definitely seeing some accumulation volume as well.
BA/ BOEING running +6.4%! Will this be the start of a new trend?OUR STRATEGY EXPLAINED:
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
BA - Breakout Imminent Repeat formations in the stock are indicating a breakout is coming. News has been positive with 737’s being re-commissioned in December and tickets being purchased as early as the end of this month. Three targets after 170-175 breaks: 1st is 190, 2nd is 227, and 3rd is 249. Tagging the third target would also mean we close another gap from the covid-19 market collapse. Currently awaiting potential bailout news as the government is considering another stimulus. In my opinion, that would be the catalyst to get this moving through the weekly red cloud that’s looming above. Good luck if you play!! I’m long in options 3 weeks out.