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Boeing

BA Correction!Hello Community! Before we begin HATE IT OR LOVE IT please support my idea with a thumbs up and a comment. It'll be greatly appreciated! When taking a look at BA we can see it trading in an ascending parallel channel. It has currently reached the top and is looking to aim lower to the next support which is the 55 EMA. If the 55 EMA fails we can expect it test the bottom of the channel before bouncing and moving higher. The RSI is showing over bought, and the Mac D is showing bearing signs. With the Quadruple Witching happening tomorrow it makes for a perfect storm to move lower with increased volatility but that's just my guess. This is not Financial advice. Safe Trading Calculate Your Risk/Reward & Collect! Simplicity Wins
NYSE:BAShort
by rnaofs
2
Lockheed profit target 25%I picked up some Lockheed Martin today, because both value and sentiment on the stock are looking too good to resist. Value I estimate Lockheed's forward P/E at about 12.5, which is really cheap for a megacap. Forward P/S is 1.5, and forward dividend yield is over 3%. I estimate Lockheed's PEG ratio at about 2, with the annual earnings growth rate sitting near 4%, the sales and dividend growth rates closer to 2.5%, and the free cash flow growth rate near 5%. These are pretty great numbers. Lockheed has about 23% upside to its median price multiple of the last 4 years. Its main competitor, Boeing, has been hemorrhaging money like a catastrophic head wound hemorrhages blood. Meanwhile, Lockheed's been enjoying tailwinds from recovery of TSA throughput numbers, proposed acquisition of Aerojet Rocketdyne, and announcement of a large UK military budget this year. Sentiment Analysts give Lockheed an average rating of 7.8/10, a solid "Buy." This rating has recently improved a few points. S&P Global gives Lockheed's fundamentals an average score of 77.25/100. Its ESG score is about average for its industry. Open interest from options traders is in very bullish territory, with a 30-day put/call ratio of 0.5. TradingView's technicals-o-meter is flashing "buy." The average analyst price target for Lockheed is more than 15% above the current price. Trading plan I sketched out a tentative view on how Lockheed might move from here. We're sitting right at a resistance and hopefully about to break out. If we get through resistance here, I'm looking for a fairly decisive move to about $394.50. From there, I'm thinking we dither for a while. A lot will depend on conditions in the larger economy, but with vaccinations, stimulus checks, and geopolitical tensions, I suspect Lockheed will eventually break out toward its all-time high. If it hits my second target, the profit from the trade will be about 25%. I'm hoping it gets there by the end of 2021.
NYSE:LMTLong
by ChristopherCarrollSmith
20
BA on fire!On the 65m, candles are well over the Ichimoku cloud. We currently are on our way up after bouncing from the lower channel. With most tech falling these past weeks, BA has shown lots of relative strength and has managed to maintain its channel. imo very bullish. On the higher time frames 4HR, D and 3D are also over the clouds. Well positioned to do better near term compared to a lot of growth stocks that have started to fall under the Ichimoku cloud on their daily charts ($SE, $DDOG, $PTON, $CHWY, ETC). It's a reopening play. BA is still undervalued compared to high growth stocks that are many multiples over. TNX going up will bring the whole market down, but at least with BA you stand a fighting chance. Conservative price target for next week 233, then 240. Easy money!
NYSE:BALong
by moneymakingvee
4
A Day Traders Results of not Sticking to the Plan! feat. BoeingAt times I find myself locked in to trying to find a better entry while my trade plan is setting up during the day. More often than not, when the internal battle is won by the impatient voice in my head, I sneak into a trade early and pay the price for it. Well... today was one of those days I'm not sitting here saying that my set-ups are always right, nor am I saying I'm some trading savant that wins every trade. What I am saying is the important part is to have a plan and follow it. In doing this, it eliminates a lot of the emotion that can go into the decisions being made throughout the trading day. It allows for well-thought out entry and exit points, manages exposure of losses when wrong, and provides a picture of what the profit/loss will be depending on if the analysis is right or wrong. Below is just an example of a position I took today in which I didn't follow my plan and ended up being on the wrong side of the trade. The technical analysis explained is simply included to describe the approach and thought process I had in entering this trade. In no way am I suggesting for anyone to use these types of set ups, nor am I claiming these set ups are a successful way to trade. SPOILER ALERT: The price action would have given me my entry if I would have stuck to the plan. This morning I posted the trade idea image below before entering a trade in BA At this point I had been patient and let the 1st move settle. I noticed that the price action was stuck dead in the middle of a battle between two previous action zones; one supply (top gray-shaded zone) and one demand (bottom green-shaded zone). I was licking my chops knowing that this was setting up perfectly for a day trade. I anticipated that the price action would give me a good point of confirmation before making its move either to the up or down-side. The plan that if the price broke up above the supply zone, entry would be triggered at a rejection of downside re-entry into supply. Or to enter a long put position at a rejection of upside re-entry back into the demand zone, following a break below. The confirmation of a call entry would give a change of about 3 delta to the upside while placing my stop-loss at a break below the supply zone, giving a delta of -1.5. Profit target was decided by an above descending trendline in which the angle was produced by previous highs of supply resistance connected to the following confirmed demand zone before a lower supply was formed. So, a higher supply based resistance would be drawn to a lower demand-found support, angling down towards but above the current price range. My thought here is that if there is downside rejection to a previous supply zone, the sellers are currently no longer there. Inversely, an upside rejection to a previous demand zone shows that the buyers are no longer there. The confirmation to enter a put position provided the same risk/reward profile as the call entry. Similarly, the profit target was decided by the inverse of the supply to demand (descending) trendline. Which results from a previously lower supply zone connected to a higher confirmed demand zone, ascending towards but below the current price action. Whether it was because I got impatient, or maybe I thought I had solved the Rubik's cube equivalent to arbitrarily drawn trendlines for intra-day breakouts... It didn't matter, I didn't really have a plan. Below is where I decided to enter the trade. - I posted this chart as an update to the trade idea shortly after I entered. I wasn't sure what resistance would be produced from a break of that level and I wasn't really sure at the time where my stop loss should be placed. After entering the trade I realized that the entry would give me higher negative delta to reach my stop (increasing it to as potentially high as -2). I still really wasn't sure where price would find upside resistance, so I just used the same resistance as the original plan. So what came as a result? After a break of the supply zone failed to hold, a higher low was found but was quickly met with a rejection to break back into supply. The result? A potential diamond top developing! Translation = quick, everyone long simultaneously set stop losses on a break below the bottom trendline support. Next up. You guessed it Stop was hit and I exited the trade for a loss. The result of entry from the original plan is as follows. Lessons to be learned- 1. Yes, although in this case my original trade plan would have given me my entry and produced the expected profit, this will not always be the case. If a trade plan is created and it doesn't end up triggering your intended entry, GOOD! you were wrong anyways but you didn't have to lose money this time to figure that part out. Take this as an opportunity to review your trade plan. See what indications you may have missed to enter or not to enter. See where you can improve your edge. 2. Maintain control of your emotions during price action, don't let quick moves produce a reaction. If a move is already happening quickly, guess what you're late to the dinner party. Don't try and convince yourself that the stale crackers and warm coleslaw left is the meal you really want to be eating. 3. If you miss a trade or your plan doesn't produce an entry, try an identify where others entered and why. 4. Look at both sides of every trade. -If you intend to go long ask yourself if you already held a position what would keep you from selling at your entry, or what would reasons would there be to add to your position here. -If you're short ask yourself "why wouldn't I buy here" or "why would I want to be quick to sell at this level?" 5. The best part about trading is learning. At times, it is more rewarding to learn than it is to win. -I have included the link to my original BA trade idea
NYSE:BA
by rickhubbard10
65
BA Breakout Price Targets with potential breakdown levelsIf Boeing can stay away from bad news and regain the ascending channel , it should continue to test the top-side of the above channel as resistance . My thoughts are that potential breakdowns may occur after a failure to test the top-side resistance of the ascending channel . Or after its 3rd test of the top-side resistance of the channel . With good news and Japan continuing to buy equities rather than debt , I don't see it being out of the question for BA to break that top-side trendline resistance and reach the previous all-time-high trend demand zone into the mid $290s
NYSE:BA
by rickhubbard10
1
Boeing - 4h Support ZonesAs a more of a crypto trader, investing in stocks is also my passion. With the more active vaccines roll out we can see a uptrend in companies for transport and enertainment. People are more willing to go out this summer. In the chart you will see my idea of a slow upward trend with a price action which is currently good for people who want to enter. I don't believe that the price will reach the Main support zone but keep in mind that everything can happen. I used Eliot Wave Impulse to mark the next price movement which finishes at no. 5 Support zones are clear and I do believe we will soon see price around 250 per share. Entry can happen now on the price action or on the breakout of the last HH with retest.
NYSE:BALong
by Engindzhan