BA
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 ...!!!
BOEING - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
BA is overall bullish, trading inside our brown channel and since it is retesting the lower brown trendline and round number 200.0, we will be looking for trend-following buy setups.
on DAILY: BA formed a valid channel in red , but it is not ready to go yet. Before we buy, we want the bulls to take over again.
Trigger => Waiting for a momentum candle close above the last high in gray to buy.
Meanwhile, until the buy is activated, BA would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Boeing taxiing on the runway once again..!This is a very important support level and could lead to a low-risk price action trade!
There is a good chance BA move to 225, however, if it broke below 24.60, it could go down to 190-195 level.
Entry: 206
Stop loss: 204.59 (190 long term)
Reward/Risk: 13.5
Target range: 225
Time Frame: 2-4 wks
Possible gain: 9.2%
Possible loss: 0.68%
Position size: 5 % of trading capital
Best,
Moshkelgosha
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BA 2 Possible OutcomesAs much as Boeing sucks the company should remain bullish especially once an official rotation begins into aircrafts / travel.
This one is personally one of the tickers I rarely will ever trade and is nearly a no trade stock for me as it's irrational af . I believe the lvls to buy commons at are 194 , 160 .
Scooping up at these prices are amazing , 160 is only possible due to gap fill that may be there due to poor ER or even good ER .. who knows the stock does whatever it wants.
Expect 300 - 400 + in the long term for BA easily. Buy it, forget it.
BOEING COMPANY - $400 targetBoeing Forecasts Africa’s 20-year Commercial Aviation Market Opportunity Valued at Nearly $400 Billion
Boeing forecasts that Africa’s airlines will require 1,030 new airplanes by 2040 valued at $160 billion and aftermarket services such as manufacturing and repair worth $235 billion, enabling growth for air travel and economies across the continent. Boeing shared the projection as part of the 2021 Commercial Market Outlook (CMO), the company’s long-term assessment of demand for commercial airplanes and services.
Higher Commercial Deliveries to Aid Boeing (BA) Q3 Earnings
The Boeing Company is set to release third-quarter 2021 results on Oct 27, before the opening bell.
In the last reported quarter, the company delivered an earnings surprise of 161.54%. Massive commercial deliveries might have offset unchanged defense deliveries, which, in turn, are expected to have boosted Boeing’s performance in the third quarter.
BA - Needs a little bit more time Continues to struggle and after last weeks candle, it looks like a good short candidate now into the green zone below between $194-$205. I would look to enter some 1-3-month out $210/$215 puts. $232.10 remains a strong resistance but this is likely the last leg down for Boeing and I am not going to miss the move it has into it's major wave 3 so once again, I will be a buyer in that $194-205 zone with 1-2 year out calls.
This descending triangle has an 88pt implied move into the yellow box above with an Apex late next month.
BOEING - Trend-Following Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
BA is overall bullish , trading inside our brown channel and since it is retesting the lower brown trendline and round number 200.0, we will be looking for trend-following buy setups.
on DAILY: BA is forming a channel in red, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, BA would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Weekly Watchlist! 10/11 - 10/15Here is what stocks we are watching this week as well as a recap of last week's watchlist!
Let us know if you have any questions down in the comments!
NYSE:BA
Nice Pennant forming here.
We will be taking a move over $230 with targets of $231, $232, $234
NYSE:SNOW
Nice level forming on SNOW at $328
We will be taking a move over $328 with targets of $330, $333, and $340
$FB $SQ $BA $BABA I OptionsSwing WatchlistFB 2H I Watching FB for a breakout from this downtrend. Its trading nearly 15% down from ATH levels, after beating last ER. Reports on earnings on 10/25 AMC.
SQ 4H I SQ dipped last week to later recover and hit our pt at $250. The SQ $245c 10/08 calls we highlighted went from $2.87 to $7.35! Expecting a pullback to $230 now.
BA 1D I Expecting BA to break the $230 level and head to $250 before earnings on 10/27. Bullish activity has been betting on a breakout from this downtrend.
BABA 1D I BABA is finally bouncing and running up into earnings on 11/04. Its up 12% from our entry last week and we expect BABA to hit $175 before earnings.
Boeing Regression Trend BreakoutLT Price Target - $320 (Mid December)
ST Price Target - $220 (Early November)
Boeing took a hard hit post Covid market crash and is ready to turn to the upside after its earnings report the 27th.
Looking to enter November for a strong push towards the $320 mark.
Chart seems to have broken out of a bullish wedge pattern, bouncing off of its resistance trend line.
If bearish momentum continues.. stoploss at $200-205