Boeing BA - Opportunity of a lifetime?Flying from London to Barcelona for 20$?
Flying from Berlin to Rome for 15$?
Gone have the good old days of flat-rate flights. Travelling has once been a luxury and my impression is, that it will be a luxury again, very very soon.
I am not sure if Airlines such as Ryanair, Easyjet, Wizz Air, Scoot, Tigerair and even bigger, national Airlines are going to survive the Corona Virus.
In regards to climate change and our nature, Covid-19 may have hit our world at the perfect time.
Target for Boeing? 40$
Happy Trading!
BA
NIMBLING in the stock after a HUGE drop from 320 strong supportStarting with very low investment for long term investment I am very scared that this may go burst as the combination of the Max woes and the loss of clients because Airline will implode is a fatal blow to BA
But hey I am still dipping a tiny amount to play with in case this whale is really too big to fail and we see a sharp rebound after today 20 % dip
I ALSO BELIEVE THAT THE EX CEO SHOULD BE CRIMINALLY PROSECUTED TO HAVE ENCOURAGE CRIMINAL NEGLIGENCES AND FRAUD AND CHEATING WITH THE MAX PROGRAM , for Ruining investors , for putting the company,y at risk of collapse and the company should sue the CEO for clawing back all the bonuses and rewards and share packages since he took over as now the share price went dam to the level he took over and the huge rise was based on smoke .
Just my views until they/CEOS don't pay personally this type of behaviour will continue FOR EVER , this is like a free lunch for them , get all the upside and none of the downside
BA ON A FREE FALL TO 150 , BROKEN ALL SUPPORT AND BAD NEWS Finally this one breaks down , seems like the virus + airline woes + Boeing woes + economic woes finally got the big guys to let it fall
Start catching it around 150 for long term portfolio , it is still a duopoly and a too big to fail one
Good luck and be nimble
BA heading lower??As the market continues to sell off and airlines take a hit due to travel restrictions, BA is looking good to hit yearly support around $213. This is a longshot but after selling off $20 on Friday and continued virus confirmations over the weekend, this is looking better and better.
$BA Weekly Head & Shoulders Pattern??This is a WEEKLY chart. Each candle represents a week of price activity.
Let me start by saying I don't usually invest / trade based on a Head & Shoulder pattern. I am not, and do not claim to be, anything but "basically" informed about this pattern. Please feel free to correct me if I need it. I did reference StockCharts.com for info on the Head and Shoulders Top. This is the address of the page
school.stockcharts.com
Let's assume this is a H&S pattern. Well then my downtrend support line could also be called the "Neckline". This is a good place to look for BA to reverse. But if BA does not reverse here then it might be a good idea to research "Measured Move" or price target of a H&S pattern. Especially of you are holding BA stock or want to start a new position. By the way, Price Target is item #9 on the StockCharts.com page I referenced earlier.
No matter what the chart says to me today, lets all agree that Boeing is not going out of business so it is not going to zero. Boeing has a good business, little competition, and is a leader in its business segment. But that doesn't mean it can't go down. The question for me is where will it go next. I also like to consider the viability of potential "price targets". Is $130 a viable price for BA? Before you answer, please consider that I could have asked you, anytime over the last two years, if $260 was a viable price for Boeing...
Boeing makes airplanes. They supply many airlines around the world. But thanks to a virus that shall remain unnamed in this post, airlines are cancelling flights. As travel demand goes down so does the demand for new planes. As the demand for new planes goes down so does Boeing's sales. As Boeing's sales go down so does their ability to "earn" money (earnings).
Side Note - If you buy companies or their stock based on P/E ratios you need to be extra careful in times like this. The E in your ratio is an estimate! What if your E gets revised down? As the denominator of a fraction gets smaller, the value of the fraction gets larger. I understand that the P in your ratio is also getting smaller recently. But please don't blindly accept the value of the ratio with the same E in the denominator. If the value of E gets smaller, you might be buying a stock based on a larger P/E ratio than you think.
Back to Boeing's business. They have a new plane called the "MAX". You know the one I am referring to. It is grounded at the moment. When the FAA decides to re-certify the Max, that will be good for Boeing. But how good? Are the airlines - that don't need new planes because their demand has dwindled - going to buy the planes and put them in service? Will the re-certification lead to more sales immediately? Admittedly this is an oversimplified argument to make. But I think we need to consider it and the possibilities...
The Good News -
There is a chance that BA could bounce right here. BA's closing price on Friday was just above the downtrend line. It actually gained a lot of ground going into the close on Friday. Too much in my opinion but who am I?? If BA can stay above the downtrend line it may start going up from here. If you are waiting for Boeing to start heading higher, pay attention. You could start a small position around here as a test. But only a very small one. If BA drops back below the downtrend line I would personally sell that very small position and wait.
What would you be waiting for? Less fear of getting sick and more passengers booking flights. Better news in general. Deliveries of airplanes that were manufactured but are now sitting in the desert. How about a date when the airlines are going to start flying to all of Asia again. Anything positive.
R.I.P. BOEING AIRLINES, WEEKLY H & S, Previously Predicted 12/19I said it before and I will say it again, Boeing is dead, get the heck out! In December I noted that we had a huge potential head and shoulders on Boeing.
I've got my Fibonacci targets showing up at $236, $178, and $135. I would expect to see $236 by early next month, $178 by April- May and $135 within June-Aug.
THIS IS NOT FINANCIAL ADVICE.
BOEING (BA): AND NOW WE BROKE!
key weekly support has been broken on Boeing.
the breakout is considered to be confirmed and many days the market is trading below the level now.
the absence of structure on the left is the peculiar thing about this stock.
the first strong support is lying around 190.0 level.
technically, boeing is risking to start a free fall,
only intervention will save it from that.
we will see!
BA Short IdeaAlthough I believe that Boeing is one of the stronger performing companies historically in the grand scheme of things, and though I also believe that they will be releasing some cutting edge technology in the next decade, I'm skeptical of the current value due to so much of the 737 drama over the last year.
Boeing has been selling less and less planes and what would have been plane orders for Boeing over the last 12mo are now instead being filled by the European competitor Airbus.
737 Max models continue to fill employee parking lots and are parked around the world until the company can resolve fears of mechanical and technical issues with the aircraft.
I think more pain is about to come for Boeing shareholders and I'm entertaining the idea of an entry to go long into 2030 and beyond, but at a lower price.
Thoughts?
Trade your own plan, this is just an idea.
BOEING (BA): Too Big To Fail?
obviously fundamentals are dark and horrific for Boeing
but "someone" :)) is still buying it from support no matter what.
I believe that after the actual recovery the stock should drop once again to a strong weekly support
and while more and more people will start shoring, I still think that in the long run it is gonna go much much lower.
the first safest place for us to short is 364 level
with stop above 382 we will have a great chance to short the stock being protected.
I will breakeven the position after 336 level aiming at 308
and then we will see...