BA
BA (Boeing) Trade IdeaHello guys,
Its been a long time, but I'm here to share a possible PUT (Short) idea for BA.
I'm looking at the 4HR time frame for this. Looks like this is in the oversold territory. (RSI: 74).
Looking at the chart, the next support seems to be the long term gap fill which is at around $161.
* Price Target : $161
* Stop Loss : Break > $172.27
If you're getting Puts, I'd prefer $165 put expiring in December.
$160 spread is also a good idea to get here. (Expiring December as well.).
Feel free to share your trade ideas in the comments below.
Do your own research before you trade. I'm not a financial advisor. Good luck!
11/8/22 BABoeing Company (The) ( NYSE:BA )
Sector: Electronic Technology (Aerospace & Defense)
Market Capitalization: $101.091B
Current Price: $169.62
Breakdown price: $171.50
Sell Zone (Top/Bottom Range): $159.75-$143.00
Price Target: $199.80-$204.40
Estimated Duration to Target: 56-59d
Contract of Interest: $BA 8/20/23 170c
Trade price as of publish date: $13.30/contract
Boeing Company continues to grow and no trend change is expectedHorizon: 1 month
Target: $190
Potential of the idea: 20.41%
Entry volume: 10%
Stop order: $148
Technical analysis
The upward trend continues, the entry on the correction is relevant. With the volume of the position of 10% and placing a stop order at $148, the risk on the portfolio will be 0.62%. The profit/risk ratio is 3.29.
Fundamental factor
The Boeing Company is the world's leading aerospace corporation and the largest manufacturer of passenger aircraft. Q2 2022 reports showed that the company has been able to significantly reduce losses. Going forward, a return to profit generation could serve as a driver of the company's value growth.
Boeing BA - A Dark HarbourI have never looked at Boeing until today, when I saw some guy posting ideas about it while I was having lunch and I didn't even recognize the ticker, and so I took a look at it, and was surprised to see what I found.
In considering this company, I completely understand that they've had problems with their planes, and big ones. But I have also said that I do not put much weight in the ostensible correlation between fundamentals of a company and price.
So long as the equity is still being maintained by Wall Street's behemoths, price action will remain orderly made and constitute a fractal that is rationally written and contains the combined intelligence of all market participants.
Boeing is really notable on the monthly charts:
Frankly, its bullish price action looked even better than what stuff like AAPL and TSLA printed during this unsustainable Federal Reserve money printer-backed tractor pull to SPX 4,800, and it occurred before COVID, and was accompanied by heavy distribution.
It only finally corrected when COVID hit, and yet it only swept out the '16 low, which led to the original impulse to $450.
Even more taste bud-piquing is the weekly chart:
BA has not had a shred of bullish impulse since March of 2021. More or less, while the entire market went ape-up in a straight line, Boeing has just grinded downwards.
This is highly indicative of significant smart money accumulation.
When the big 2022 correction started, Boeing lost 30% like everyone else, but formed a 24-month double bottom and protected its pre-COVID low with a generous wick and a healthy bounce.
More importantly, there is a gap that appears both on the daily and weekly candles at $330, which is exceptionally notable considering this mid-term range high, printed 18 months ago, wasn't far away at $~279.
I believe that a significant shakeout in the market will come shortly.
VIX - 9x8 = 72
But based on the price action of Boeing, I can't help but feel this is the definition of oversold and that an expectation from short sellers that this is going to turn around and rip south to new lows is going to be met with only one outcome: liquidation.
For other defense contractors like Lockheed Martin and Raytheon, although they have totally different (and much more bullish) price action compared BA, they share the characteristic of severely lagging the overall market in terms of bull impulse.
And these are arguably the most critical companies underpinning the United States and the globalist empire.
This leads me to believe that what lies ahead is a catalyst that will see defense and aerospace stocks go on a _significant_ bull run, providing an unlikely harbour amid an overall market that sees both equities and commodities revisiting (and breaking) pre-COVID market structure.
SPX / ES - Bull Whips and Bear Saws
For Boeing, it's still too expensive to buy, trading above the equilibrium point of this June-forward dealing range.
However, if this thesis that Boeing will go on a tear and not turn around and die is correct, I would want to see it fall to only a certain point and not flirt with the double bottom or the even the June gap lows.
The best buy signal, hands down, will be a dump into the $135 range, accompanied by market makers reverently supporting this area.
If so, you should definitely expect this whole 18 month range below $280 gets cleaned up, and likely in a highly aggressive fashion.
The question is, what serves as a catalyst for the defense and aerospace industry to moon?
There are no pleasant answers.
BOEING approaching a 1 year MA Resistance ZoneBoeing (BA) has been on a strong rise ever since the June 14 Low, with the 1D MA50 (blue trend-line) supporting. This trend is approaching its most important long-term test as the Resistance Zone formed by the 1D MA200 (orange trend-line) and the 1W MA50 (red trend-line) is just above. This Resistance Zone has rejected every break-out attempt since August 17 2021 (the only 1D candle that closed above was the November 15 2021 but no 1W candle every closed above).
As a result, it is the critical test that will most likely issue the trend of the next months. A 1W close above this Resistance Zone, is a bullish break-out signal targeting $220.00 which is just below the Resistance cluster shown on the chart. A rejection on the 1D MA200/ 1W MA50 Resistance zone, targets the 1D MA50 on the short-term at least. We have to give the bullish break a higher probability as the 1W RSI is on bullish reversal pattern since the May 23 low.
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My Second 2 Cents on SPYSee my previous chart on SPY, where I mentioned 3 things:
1. Whales loaded their bags and they will unload at the demand zones, one is 405
2. They may get greedy and move on the the next supply zone after a new reload
3. I may be turning bullish on market.
As you may see the channels, SPY is on the verge of doing "something" big. Place your bets.
BA lookin like a short. Hey everybody, welcome back to my ideas.
As you can see we are shorting BA.
Price broke out of the long term down channel and was recently rejected on retest.
Yesterday it was also rejected on the second retest by the down channel and a long term S/R level and is now looking to form a double top.
To top it off, yesterday closed with a nice doji candlestick.
My confidence level here is 4/5
Let me know what you think in the comments.
*This is not advice
(Boeing) BA Short
I believe we could see a short term price decline in the BA stock. This might be a good opportunity for a short term bearish/short trade through stocks or options. The price has been on a long term downtrend, since approximately Nov 2021. Making Lower Highs and Lower Lows.
I have attached an image here of the BA chart on Daily candles, along with several indicators that give us high probability of a bearish price action.
Through my analysis, I see the following:
1. BA June 28th 2022 price action created a Bearish Hammer
The price opened at $140.89. After the open the price went up to the daily high of $147.18. At the high the price hit the top Bollinger band where it bounced off and reversed towards the downside. The bears then drove the price down to the daily low of $138.54 and shortly closed near the day's low at $138.70. The price closed below the open price signifying that the bears have won for the day.
2. The Bearish candlestick pattern is cutting through 3 key resistance levels.
- (Resistance 1) The Bearish Candle is cutting through the key moving average at which point the BA price has rebounded from in the past, as per the circles areas in the chart with arrows pointing to them. This MA served as a resistance several times in the past and it is where the wick of the bearish hammer candle is now.
- (Resistance 2) The Bearish Candle is cutting through the horizontal resistance shown by the blue dashed line.
- (Resistance 3) The Bearish Candle is cutting through the top Bollinger band, which is a resistance point and indicated the the price is overbought.
3. The Stochastic are showing an overbought condition, and in addition the black stochastic line just went below the red stochastic line, indicating a short term bearish price action is possible/likely.
I intend to enter the short trade and have 2 target profits in mind, marked by TP 1 (@ approx $131) and TP 2 (@ approx $131) in green lines on the chart. This will depend on the risk:reward ratio and aggressiveness of the bearish price action.
It is worthy to note that BA made a high high on this last bullish wave, however in order to confirm the short term trend change, we would need to get a high low next (hopefully at TP 2 price level point, which is also resting on the lower Bollinger band).
This is just my analysis and created for entertainment purposes. This is not and should not be taken as investment advice. I am not recommending this as a trade to anyone. Please do your own research and make your own decisions.
BA inside a rectangleA couple of things to track on BA
1- Ascending triangle on the hourly chart with resistance at 141.40. This level has rejected many times now. Above that we could start moving higher towards 143.40
2- There is a rectangle that has formed while consolidating sideways with the same resistance level 141.40
I will be watching this name to see in which direction it will resume.
Boeing (NYSE: $BA) Looks Ready To FLY High ✈️The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital. The Commercial Airplanes segment provides commercial jet aircraft for passenger and cargo requirements, as well as fleet support services. The Defense, Space & Security segment engages in the research, development, production, and modification of manned and unmanned military aircraft and weapons systems; strategic defense and intelligence systems, which include strategic missile and defense systems, command, control, communications, computers, intelligence, surveillance and reconnaissance, cyber and information solutions, and intelligence systems; and satellite systems, such as government and commercial satellites, and space exploration. The Global Services segment offers products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and data analytics and digital services to commercial and defense customers. The Boeing Capital segment offers financing services and manages financing exposure for a portfolio of equipment under operating leases, sales-type/finance leases, notes and other receivables, assets held for sale or re-lease, and investments. The company was incorporated in 1916 and is based in Chicago, Illinois.
Possible short term rebound to $146 then $157The Boeing Co. is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes, Defense, Space and Security, Global Services, and Boeing Capital. The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide. The Defense, Space and Security segment refers to the research, development, production and modification of manned and unmanned military aircraft and weapons systems for global strike, including fighter and combat rotorcraft aircraft and missile systems, global mobility, including tanker, rotorcraft and tilt-rotor aircraft, and airborne surveillance and reconnaissance, including command and control, battle management and airborne anti-submarine aircraft. The Global Services segment provides services to commercial and defense customers. The Boeing Capital segment seeks to ensure that Boeing customers have the financing they need to buy and take delivery of their Boeing product and manages overall financing exposure. The company was founded by William Edward Boeing on July 15, 1916, and is headquartered in Chicago, IL.