Boeing
Boeing Taking Off?!? ✈️Swing Idea: Boeing NYSE:BA broke out of the Daily descending channel and has consolidated into a flag pattern. Nice volume accumulation during this past week with a strong candle on Friday.
Plan : If SPY turns green this next week I like BA for a swing over $220 with initial PT of $240. Watching 3/19 $240 Calls (3.10/3.25).
I will only look to enter BA if the market looks stronger. BA can be a tricky swing due to its constant news reactions but it reacted positively this past Friday (2/19) with hopeful outlook on easing COVID restrictions. Airbus CEO also called for a "cease-fire" in regards to trans-atlantic trade tariffs on airplane subsidies. If there is + news in regards to the airplane trade tariffs I expect BA to move on that news.
Volume: BA trades with an avg volume of 11.28 million over the last 30 days. Would love to see >15 million volume and a bullish close to signify some momentum coming into BA.
LVN: If we break over $220 I'm going to be watching the LVN at $223-230 to see if we accelerate through the resistance at $227 or fail to break above. Not a bad spot to take some profits if you're in the swings in case BA retraces from $227.
*I am expecting this to be a slower developer unless news is released. So, keep an eye on the news cycle regarding trade, COVID, and airline/travel.
*I am also a long term holder of BA shares
Buy $BA - NRPicks Ene 31Boeing is a leading aerospace and defense company. Headquartered in Chicago, the firm operates in four segments, Commercial Airplanes, Defense, Space and Security, Global Services and Boeing Capital. Boeing's commercial aircraft segment generally produces about 60% of sales and two-thirds of operating profit.
Due to the restrictions, the company has experienced order cancellations, resulting in reduced sales. The company could be considered very important, as it is one of the two companies supplying the airline sector. On the financial side, it has consistent debt with respect to its competitors.
Fundamentals:
- Value
- 54.2% estimated net earnings growth for the next 3 years.
- ROE 10.5% VS 12.4% industry.
- Price to Book 1.1x VS 1.2x industry.
Technicals:
- Price level below SMA 250-200-150.
- Williams R% at -89% levels
- RSI (40) Neutral
- -6% average downside during the month
A 20% correction was presented from Dec. 7 to Jan. 27, which stopped at $193.5 support. The stock has no key fundamental reasons for a pullback, in addition, some analysts have raised its target price which should resume the uptrend. Finally, the technical indicators show a positive buy signal.
Boeing is getting in an interesting area For me the pattern is about to get completed
Watching the news closely (Both the vaccine & airline "The company news in 60% of the attention when it comes to the airlines news") and paying attention to the chart also will support your your position here
Do your due diligence
BOEING stocks expected movement!Hi every one
BOEING CO
the BA stocks chart shows that the market is in an ascending triangle this means that after breaking of the triangle upwardly we shall expect that the projected price movement to be as good as the measured price movement
note that the market might experience a little bit of decreasing movement and than starts it's upward movement
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck.
BA Long into 2023+Setup for great long-term hold. Likely to retest ATH by 2023+, with possible future reinstatement of dividend as well.
Key things to note are 02/25/2019 All-Time High of ~440.
Typical Cup and Handle formation with Bottoming of Wave 1 ~120 on 05/11/2020; Wave 2 ~144 on 10/26/2020; Wave 3 194 on 01/25/2021.
Strong Resistance at ~242 evidenced on 06/08/2020 and 12/07/2020.
Strong Psychological resistance at 250 very likely (CNBC propaganda)
*These are CONSERVATIVE estimates*
Good luck!
Feedback kindly appreciated.
As always, do your own research :)
BOEING (BA) | Short-term pessimist, long-term optimist (Part 2)After selling all my shares last month, I'm back again to this crap for the same damn reason:
Possible bearish bat and gartley pattern - Looking for Point-D
+ Bullish flag pattern
+ Symmetrical triangle
+ 1W 20MA Support
+ Short-term pessimist, long-term optimist. Aviation industry will definitely recover after covid19
+ Good Risk/Reward entry for long position
- Boeing 737 Max scandal, Covid19, Earnings report, starliner fails
+ Plan your trade per your risk tolerance
Here's my previous chart:
Boeing (BA) Boeing has tested this weekly resistance zone twice. I'm looking for it to retrace back to this area for a nice entry. The support looks pretty solid underneath so i'm not terribly worried about that.
I'd be looking for a break of that resistance on the next run. There is very little resistance from that level to 310.
BA AlertLooking back historically on BA's chart we can see a favored pattern the stock likes to move in. We have seen since the beginning of last year 2 large bullish flag formations. We now have been trending in a much tighter and shorter flag since the middle of November. Only recently have we broke out of that flag and are now testing out our 200MA - 1Hr .
Keep eyes on Boeing - a lot of room for a promising recoveryIt took some time for Boeing to break out of its bullish wedge, but the support held well, and we see some more stubborn attempts from buyers to push the price up.
RSI is rising above 50, MACD has crossed over and the histogram is moving slowly towards positive territory. Earnings are after 7 days. so keep that in mind. An impulse above $216 will confirm the continuation of the bullish trend. My long term target is $250.