Boeing
$BA 200 Ma's Mimic 50 Ma's Cross - Heavy BullishPosting again, I've been playing with curved channels trying to see how many taps the trends get on each line and see how "tense" the bends get and how they launch, break, or snap the price in any direction. Here we see the initial rally post Covid correction I have 1 50 EMA (green) and a 50 MA(red) to try and create a clearer signal for shorter term bullish conditions or simple upward movements. I also use the same mix for my 200's EMA (blue) MA (Red). notice how the 50's crossed, even the space they created and closed between each other. We see the curve channel tighten then drop to the lower channel and launch upward. In similarity we can infer that this is about to happen as the 200's are mimicking the same shape and space as the 50's did when they crossed. The candles dipped to bottom and were supported by the long term trend line, tested the recent lows trend line from and have a strong likely hood to break through. The 2hr and 4hr Stochastics maintain momentum, while the Daily has crossed with 2D & 4D making their way. Should be a massive October!
Follow Up on Long Term Trend LinesFollow Up on Long Term Trend Lines - showing a curved channel funneling the trend, Recently rejected at 168 levels of bottom trend line (pink), but breaking out regardless, strong support on historical bottoms (blue) would be surprised if we don't see 190 test before Oct 10th, expecting 170 this week, with regular retests as it gains strength through 180 - 190 following breakout of channel toward +200s before EoY. See my Wyckoff example. May get shares here but mainly playing options - weekly's, October and December Monthly's plan to flip and move out as time passes.
Long Term Trend SupportLong Term Trend Lines Even recent low of 152 held this line before bouncing up to the potential breakout we may see in the coming weeks. will post following chart with closer look and a curved funnel channel that should indicate a strong move upward in the coming months given the technical set-up - that is always susceptible to external market and societal factors of course.
BOEING engine downcrappy situation for BOEING, if AIRBUS is crashing hard, Boeing will not laugh. I'm opening a short to 142$ after market opening today and after a possible small bounce up.
Watchout when RSI or MFI will touch 20 since it can trigger a buy the dip. Possible regression to the mean with a rally to 160 before going down (highly unlikely).
PT1:141$
PT2:120$ for October if Market in bear mode
Stop if SP500 rallies or big news coming.
Boeing Range boundStruggling to pick a direction many airlines stocks have been stuck in a range bound pattern which is also seen here in Boeing (BA). Currently back towards the center of the range there is an equal opportunity for both sides to see some price action. Although As volume starts to dwindle and less activity is seen for new orders of aircraft, the outlook is unclear for whats to come next.
Playing uncertainty in your favor can be of benefit when shorting options spreads.
BOEING PREPARING TO DUMP? OCT TABOEING is down over 50% from it's highs back at the start of the year. Will BA have enough strength to hold through or will it lead the market down another hole...
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The stock currently sits above what has proven to be strong support @ $153 but before we play this one we need confirmation.
Watching the orange trend line as support/resistance, it holds strong on the weekly timeframe.
Possible long on a break and hold of resistance @ $190.
Upside targets: $234
Possible Short Entry pn break and hold below $153
Caution needed with this stock as it continues its push up. Seems like it's due for a correction in a few months.
DotcomJack | Michael Jordan of Stonks
BA BOEING LONG TERM SWING BREAKOUT SIGNALTITLE/(DATE)- BA/USD BOEING
ASSET- STOCK
PLATFORM-MT4
ORDER TYPE- BUY LIMIT
Time Frame-4hr
ENTRY PRICE 1- $158.00 (pending)
ENTRY 2- $153.00 (pending)
STOP LOSS- $148.00 (100 PIPS)
TAKE PROFIT 1-$168.00 (100 PIPS)
TAKE PROFIT 2- $178.00 (200 PIPS)
TAKE PROFIT 3- $188.00 (300 PIPS)
STATUS:⚠️PENDING⚠️
Wyckoff Accumulation BACame across this concept recently and though I'd give it a try myself. BA has been good if you knew when to sell but a hell of a hold on stock and options October and further out as of late. Chart is from Early June to current date. I would prefer the Spring to happen earlier, however, given market sentiments this concept seems to be on point for how BA will play out up to earnings. I approached this as honestly as possible, but will try and take a smaller date sample and compare.
Something like that. **IDEA**So just taking a little look at Boeing today, I've been waiting to see this 2nd flag pattern come to a end and shoot up. I still have high hopes for Boeing. Maybe it will stay above the 100day EMA??? Do you think a 3rd Flag Pattern will happen???? $235 Price Target. I could be off by a few days and a couple dollars but IF it does break out im predicting it will take 25 to 30 days to my price target. Thoughts are always appreciated. Good Luck.