BOEING COMPANY (BA) for long positionSignals
Position: long Entry price: 198
Target price: 230 Stop loss: 200
Indicators
RSI is very low, better to wait till the price touches the support line around 198.
Bullinger bands and Keltner channel are opened, meaning a strong trend. So the price will probably reach the support. Same clues from the MACD .
Conclusions
Boeing is going to be fine despite the near-term turbulences. Recent weaknesses from the stock is an entry opportunity for long positions and also for long term positions.
Clearly from the lines the trend is positive.
BA
BA - DAILYBA
ENTRY 200 - 205
1st Target = 223
2nd Target = 266
3rd target = 308
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
BA - Hourly Parabolic Steps Loved the bounce and these hourly steps look like the starting stage of parabolic steps. We had a nice base put in and then BA pushed higher and consolidated on Step 1. We caught this setup early and took the 01/21/21 270C's on Thursday last week after seeing $7.5 Million hit the 01/21/22 290/295C's on our option flow scanner. Looking for advancement to step 2 and possibly step 3 this week. Pattern would be invalidated on a retracement below previous step.
Looks good here and makes sense after the bounce from bottom of the long term channel.
$BA $BA #Options #Investing #Stocktowatch
Boeing Head & Shoulder support line has brokenI'm long Boeing so hate to see this but the support line of the head and shoulders formation has just broken.
The 200 SMA is just below and could act as support, although historically it hasn't done.
The projection down is quite severe.
Company reports earnings on July 28 which could change things, or accelerate. My stop will have been long hit by then I expect.
H&S isn't a guarantee anything will happen but its not a good sign either. If I can get a bounce off the 200 I will look to at least reduce my position size.
RTX - A PROXY FOR AIRLINES/AIRLINE INDUSTRY (RYCEY, AAL, BA)Airlines have had quite the run up since the low. Warren Buffet is way past his prime.
BUT WTF IS THIS PRICE ACTION!?
I've done a fair amount of "research" into the numbers here and here's my best attempt to make sense of it.
We all know the COVID correction was the E wave of a triangle. That was obvious. You see it on every major index.
Triangles happen in wave 4's... so now wtf is this "impulse??"
The 3-3-3-3-3 wave structure points towards some type of diagonal for the bullish count.
This sort of chop is going to wash people out if you don't have a game plan.
Here's mine.
It's always critical to pay attention to RSI or some other momentum indicator to spot corrections.
We know RSI rarely exceeds ~70 in corrections and rarely goes lower than ~30 in uptrends. We will use this rule to define most of the PA.
We define the primary channel shown in bold.
and subchannels for each subwave in lighter color.
Annotations shown on chart.
We see waves A and B of 3 clearly.
When you get into the subdivision of C, that's where you have to pay attention to detail.
Two conflicting things are shown.
By EW rules you have another leg up. This also makes sense from the geometry of an expanding diagonal - you want to put in that awkward third wave.
This would align with a channel break which is typical.
However, if you look at the 4 hr RSI, you are already getting a reaction at 70. For this reason, I am not swing trading this last "potential wave up."
I am waiting for a retrace of wave 4... might take a few months.
However, I am still holding my long-term RYCEY as it is possible that stock pops during this last leg up.
You usually see w4 marked by the channel bottom, and w5 must be larger than w3.
For this structure, that would lead to a >50% gain.
Here is my Boeing BA chart as reference which shows a very similar sort of relationship in movement, albeit coiling down triangle rather than impulse.
RYCEY
BA Filling Out Huge Triangle1. Boeing is filling out a huge triangle, with the base formed by the 75% price drop from March 2020. It has consistently tested the bottom leg of the triangle and responded with strength, each time reaching the top leg of the triangle. The triangle is narrowing around current price, and a break to the topside would yield significant upside after this long consolidation. Repeated strength at the bottom leg is significant to the bull case, and currently indicates upside strength.
2. There was a fake breakout of the triangle in March of 2021, forming a small peak at 260.00. A few months later, price touched the top of the triangle at 258.00. The next target on the triangle is around 262.00, so the resistance range is 258.00-262.00.
3. Price just tested the bottom leg of the triangle, and the 200 EMA (blue) has fallen out of the triangle. For the bull case, the 200 EMA needs to cross back into the triangle for confirmation of a continued uptrend. Following this, price should test the top of the triangle and continue to fill it out. Earnings at the end of the month could weigh heavy on price, and a positive report can break the triangle to the upside.
Go long LMTTrading in a channel with some healthy consolidation. 50 day SMA passed through 200 day SMA (Golden Cross)
Trading at a discount with only a 15 P/E ratio.
Fair Value Estimate from Morningstar: $436
Implied Upside from Last Close: 15%
Lockheed just landed a big sale to Switzerland of their F15 jets beating out Boeing
BA - Symmetrical Triangle" in an "Ascending Triangle?"Boeing received good news, "Boeing Max Edges Toward China Return as Test Flights Near."
- 20MA & 50MA above the 200MA.
- Bullish Engulfing pattern on Thursday (7/8/21) w/ strong bullish volume.
- Bounce off of Symmetrical support. Could revisit 200MA (yellow line) to test a bounce if bullish momentum is short lived.
However, I am uneasy about the market in general (inflation, COVID variations, etc.). BA could potentially drop back to $221 before climbing to $253.65, unless more good news is released.
Short Term: BULLISH (2 weeks)
Hedging with 8/20 Puts wouldn't be terrible.
SPCE receives FAA approval to fly passengersThere is 20% short interest or roughly 34 Million shares short. Options action - On friday, there was buying in the 7/16 $60 and $70 calls. Its also one of most mentioned tickers in fintwit. On the 4 hour chart, vwap is $53. That could be good entry, if it goes to that price. Good luck!
BA - HUGE PUT PLAY NEAR FUTUREAll,
This is weekly chart, but I see this playing out to the downside rather largely. In part due to the visible range/session show some low volume areas that will be slid through once breaking. Need first conformation of break but I may enter soon.
PT#1: 195
PT#2: 188
PT#3: 163
Then swap to long once confirmed
BA aka Boeing IdeaG'day Guys.
Today we analyse BA aka Boeing.
Since last drop from previous high on Feb 11, 2020 at 349.76 its took around 1 month to reach low area on Mar 18, 2020 at 89.19 Low.
In progress of recovering, and started to create uptrend channeling on Oct 30, 2020 at 153.74 area and take 3 month to break previous high that happen on Jun 8, 2020 at 241.24 area which is new high was 244.24 on Dec 20,2020
This showing that BA was improving positively.
Next target that for this pair will be 305.33 area. If this happen, new high will be created before Feb 11,2020 crash.
Let's see what happen next.
Industrials needs a breatherXLI, the Sultan, was the ultimate DOW mover. He ruled over everyone including hedge fund managers. Tuesdays action to the upside was great but gave it up at the end of the day. Wed and Thursday continued to the downside. On Friday, the Sultan tapped the 8 day EMA and came back up but closed below previous day high. The issue with XLI is the channels are small. If this low channel is to break, look out below cause I'm thinking of a 3 point move down to 102 as support. Based on HON, FDX, and UPS, Sultan's rule might be done for this coming two weeks.