Boeing
Boeing Update with FIB Levels & 5 Wave SequenceIt appears BA is currently in Wave 3 of a possible 5 Wave sequence. Each wave has it's own series of impulse waves within the larger overall wave. Key areas to look for as the chart develops:
215.37 has been a good area of supports and any drop below this could bring the following retracement levels:
Retracement Levels:
(.382) - $205.25 - Hit this level in pre-market on 12/21/20 and immediately sprung to 223.65
(.50) - $193.08 - For FIB Level traders, this is generally the level they look to take a "starter position"
(.618) - $180.90 - Considered a great FIB level for taking a long position to the upside.
*** Any break below the .618 level would be a major concern and not healthy ***
Most FIB traders are looking for "profit taking" at the following extension levels:
(1: $261.85)
(1.382: $307.85)
(1.618: $336.26)
The MFI ( Money Flow Index) continues to be oversold on both the 4HR & 1 Day timeframes signaling a bounce could be coming soon. The weekly chart is setting up a possible Cup & Handle so keep your eyes on it as the charts progress.
GL
Buy BABuy this dip now, it’s starting to turn around, macd looks bullish on 1hr and 4hr, support zone holding, buy
BA Update on the 4HR & 1DAY TimeframeJust wanted to provide an update to the overall picture of BA... stimulus or no stimulus today, does not really matter as it will happen soon (as of this writing, it appears they have come to an agreement so I expect the 219.85 level to hold and see a re-test of the 244.08 level)
On the short term (4HR chart to the left). We are currently sitting right above .236 Fib retracement level of 219.85 in a downwards channel and could see a pop from here. If this level breaks, we could see 204.86 level. DTI Levels (bottom) show Bears have taken control (short term) but show signs of exhaustion towards the end of the day Friday. MFI is oversold sitting at 27.31.
Longer Term (1-Day) - Bulls are still in control and watching for any DTI crossing for confirmation. If we see a break of the downward channel, we can see a re-test of the 244.08 level and a break of that will give us a break towards 339.77. MFI still relatively low at 38.16 on the daily but is overbought on the weekly sitting at 80.
Key Levels to the downside:
219.85
210.94
204.86
Levels to the upside:
244.08
339.77
BEAR TREND SINCE MARCH 2018 COMING TO A CLOSEAirline sector trend reversal should take place come the end of the year. History repeats itself and we are on the verge of a trend reversal. Extremely bullish on this sector over the next quarter. Bullflag pattern repeating itself over and over on the 4HR time frame. After each extension upward, set your SL at 50% of the flag pole length to mitigate risk and enjoy the ride.
Other sectors like utilities & cruise lines all have the same charts and patterns as they are moving in sequence. Make sure to choose the better companies of each sector.
I do not hold a position in AAL. My largest holdings at the moment are BA, PCG, and TLRY. - GL
Boeing w50 Long from 215.Weekly
Breakout
Daily
Correction from SR Level
I expect 0.38 Fib to buy
Open Long from 215
SL 205
TP 240
RR 3
BA $430 PTIn the chart is my theory on Boeing based off the Elliot Wave Theory. I believe we are currently in a subwave (orange) of Wave 3. I have loaded 06/18/21 300 Calls and plan to average down from here. This is my own opinion, please do your own research before trading options.
Gl to all and feel free to share your observations and opinions. Thanks!
Boeing - Session bulls trying to keep control of the pricePoint of control holds for now as the price found a support at the 200 MA (red curve). Volumes at that area are high and any attempt for the price to go lower will be met by a strong support.
On the top levels - volumes are low and it's easy for bulls to push the price up.
There isn't any activity of investors just closing their positions.
Eur Usd fractal road map on Wyckoff phases Boeing stock price ratio SP500 shift forward 110 months , is a great fractal road map on wyckoff phases for eurusd inverse . For this fractal scheme , the future, in the next years, of eur usd is : down .
Boeing Long50 + 200 ma cross imminent, as well as positive news for Boeing is creating a nice long position setup.
JETS flagging on new channelTechnical Analysis
On november 24th, JETS broke out above its june highs, and consolidated (orange square), demonstrating a successful break out of the channel. Now it shows a flag, showing potential for more upside.
There is a strong resistance level at $27.7; at this point I would expect a pullback, to ultimately reach the top of the gap around $30.
I am using a stop under the 10sma to take partial profits.
Fundamental Analysis
The market is a forward looking mechanism, with the path of the recovery setting a potential comeback for Airlines for Spring; JETS is fundamentally undervalued right now.
BA better play when reach 250 NYSE:BA a better place for trade is once it fills the 250s gap and closes above it. Then it has resistance at 300 (Gap# 2) and a better profit margin. In fact, it can go to gap# 3. easily. Play strategy
- Buy around 250 with SL 235. Hint: Stop loss calculation Buy Price - ATR * 1.5 .
- Take capital out around once reach 300 (gap# 2) and leave free money to run.
- Close trade once gap# 3 touch around 321.
BOEING- Took 3rd take profit / holding another 30% 🧐✈️Was a great timing and one of my best trades last month. I have taken profit gradually 3 times and still hold 30% of my initial positions to attempt to take profits at 258 and 300.
Thank you Boeing 🥰✈️
$BA - Bull Target $236 - $265 & Bear Target $200 (Buy Area)Break out from triangle
Target $236 - $265
Break down from triangle
Target $200 - BUY AREA
Boeing [BA] Back To Pre-Crisis HighsBoeing is doing great this month. The US elections and vaccine news made investors realize that Boeing was criminally undervalued.
Today is the day when Boeing finally beats the summer high around $230. With a vaccine within grasp, I see Boeing reaching its old highs again.
Consider Resistance 1 and Resistance 2 as great areas for taking some profits. In case you're more bullish minded than that, ride the wave till $400!
Boeing drops the landing gear Boeing has been trying to recover after the air industry was smacked to the ground by the pandemic. Since then, the results weren't expected to cover the forecasts of course, so the only current rise in the stock price is because of the pull form the broader market.
Ignore the stats since they are heavily affected by the COVID-19 crisis. Recent days we see red volumes - investors are covering recent profits or losses. We have a run-away gap from 09.11 to cover. Current golden cross gives some hope for the formation of a new uptrend, but before that I think we may see price going down towards the potential drop zone.
Second outplay is for the price to break out from the bullish flag and continue towards the potential target zone.
In both cases I would wait and see how what direction the price will take.
Personal blog: thedailychartist.com
Boeing Co. SHORT📉 NYSE:BA SHORT H4
🛒SELL BELOW = 199.76
🎯Target1 = 185.73
🎯Target2 = 177.05
🛑Trailing Stop loss = 222.46
❌Cancel trade and open reverse trade = 222.46
🙈Recommended risk = 1-2%
#Boeing #BASHORT #BASELL
$BA - 50ma has crossed 200maBack to $BA - This will likely be a buy signal for many. Bull pennant forming as well. I can't buy in as my money is tied up in other stocks, but may move some things around to get into this.
Boeing path and directionHello everyone
This is my Boeing idea for daily time frame
watch key notes for more detail on chart
for any question feel free to ask :) good luck
