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Boeing

BA Bullish ScenarioThe daily chart for US company Boeing Co. (BA) experienced a Falling Wedge technical pattern. Boeing Co. is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services. The falling wedge pattern is a continuation pattern formed when price bounces between two downward sloping, converging trendlines. However, on 05/21/2021 Boeing's Falling Wedge broke through its support line. If its price holds above this level, many believe that the company's stock will experience a possible bullish price movement for the next 16 days towards 247.39 USD. When dealing with this asset, stop-loss orders are recommended at 219.07 USD. Fundamentals: - Boeing has drawn up preliminary plans for a fresh sprint in 737 MAX output to as many as 42 jets a month coming Fall 2022, industry sources said, in a bid to extend its recovery from the COVID-19 crises. - The European Union and the United States are working to resolve a dispute over subsidies to aircraft makers and should be able to do so by July, the EU's trade chief said on Thursday in a further sign of improving transatlantic trade ties. - Both sides agreed in March to suspend tariffs on billions of dollars of imports in a 16-year-old dispute at the World Trade Organization over subsidies for airline manufacturers, Airbus and Boeing. The suspension runs until July 10, with tariffs re-applying on July 11 if there is no solution.
NYSE:BALong
by legacyFXofficial
$GLD $BA $AAPL $C I OptionsSwing WatchlistGLD 1D I Amid inflation fears we highlighted GLD two weeks ago. We now expect to see GLD consolidate as the RSI pushes into overbought territory. BA 4H I Breaking out from a falling wedge after news that it plans to boost 737 Max production. Major support at $130 on the 4H chart. AAPL 2H I As we noted, QQQ has found support at VPOC indicator shows us heavy accumulation of buyers on the given range. AAPL is a big leader and given unusual options activity and technical analysis we see AAPL finding support near $124. C 1H I Watching C break above ATH levels. As it continues outperforming the market even on Wednesday.
NYSE:BA
by optionsswing
Corrective pattern after Corrective pattern BA keeps going upToday we have a great chart to share: "BOEING." Since the bottom of the pandemic bearish movement (MARCH 2020), we have observed a sequence of corrective patterns and breakouts that makes a series of higher highs and higher lows (what defines a bullish trend). In the previous 3 patterns every time we had a breakout, a bullish movement continued. So, what can we say about the current one? The current corrective pattern is very interesting because it is formed on the edge of the broken descending trendline (main bearish structure since March 2019). From a technical perspective is a great pattern to look for (Clear corrective movement on the edge of a Higher degree structure) Another important detail is that we have a well-defined Bullish Structure. In this case is the yellow ascending channel, which provides us with a good take profit level. On the chart, we have provided a Green horizontal line (which is an activation level) and a red horizontal line (which is an invalidation or stop level). The idea here is to develop a setup with a risk rewards ratio of 2 and an expected duration in the case goes as planed between 40 to 50 days. Thanks for reading!
NYSE:BALong
by ThinkingAntsOk
BA $315 first and then $372!I was a big buyer yesterday in the July and Novembers options. BA has been beaten up late with the same BIG POP and FADE pattern since Covid. We have another falling wedge/bull flag that indicates $315 PT and with rising resistance line (yellow dots), things seem to be lining up. We have also seen the most dark pool I have seen on BA in quite some time. $780M in shares accumulated (my belief) in the $227 - $231 range. Today we got a confirmed double bottom indicating a short term price spike to $235 once we cross $231. I would assume we will be testing the top of the falling wedge pattern around $238 which I do believe will break this time. Market Makers have sold enough puts now and if they do not want to pay those puts, the will need to get neutral on their position and with max pain 250 spot price on 5/21, I feel pretty good about it. In addition, the .618 fib retracement level has been holding up pretty well. Support, well we bounced off 225 ( 8 handles up in one day) and the 100EMA today creating a double bottom. MACD, RSI, MFI, William R% all at extreme oversold levels and with the $780M in darkpool activity, I have to believe this was buying. With that said, I see BA making it's next run towards $315 with another dip back toward 270/280 before the final push of the weekly parabolic pattern to $352. It may just go complete parabolic in this last stage and shoot straight for $352. What will be the news this time? China? - something brewing.... GL!
NYSE:BALong
by MarketMotion
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