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.
Boeing
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.
BA BOEING LONG TERM SWING BREAKOUT SIGNAL TIME FOR LIFT OFF
TITLE/(DATE)- BA/USD BOEING
ASSET- STOCK
PLATFORM-MT4
ORDER TYPE- BUY LIMIT
Time Frame-4hr
ENTRY PRICE 1- $164.00 (pending)
ENTRY 2- $154.00 (pending)
STOP LOSS- $150.00(140 PIPS)
TAKE PROFIT 1-$178.00 (140 PIPS)
TAKE PROFIT 2- $192.00 (280 PIPS)
TAKE PROFIT 3- $206.00 (420 PIPS)
STATUS:⚠️PENDING⚠️
Boeing Channel & S/RBoeing has gapped up recently following positive news and overall positive market sentiment, leading to most airline stocks soaring. BA bounced off of the strong yellow support lines, multiple times shown with the arrows. Additionally, the 179 is my first PT this week, but would be looking to reenter amongst a break of this resistance, which happened a few weeks back! Overall, looking forward to these next few days/week, looking like a good swing!
Spirit Aerosystems a play or not?Spirit Aerosystems isn't spirit airlines. It's own by boeing and makes parts for boeing and inovates in the aerospace sector and from its website is also into space with a virgin galactic partnership. Now I've been watching this for awhile, yet I'm still not sure if i should go in but heres some levels I'm looking at.
Current findings
-Their earnings is they are losing money, yet they are tied into boeing and if boeing isn't making money they aren't either
-They have ties to the space sector, which comparing it to the other space stocks, they are underperforming
-They pay divends, so you could become a long term holder and get paid while hoping this company can recover after COVID
-Boeing has had a 34% drop in its price around June, yet SPR has had about a 50% drop giving this stock a potentional upside of 20% to go side by side with boeing. This reflects that SPR is struggling and can be shown as this company wants to layoff over 1400 people. From a quick search they have just over 5k people working from them. Big hit on their workforce short term.
Buy In
-Now I've market that you may take a position at this level with a 20% bounce back, yet I'll be watching for two key levels.
1: Sub 20 dollars since to be a fair value and has gone down as low as 16.70 (with dropping lower, yet springing back). Sub 20 dollar since like a good start if you want to dip your toes in.
2: An optmistic bull and don't mind gambling is taking a position in when it gets too 24.12-24.5 hoping for a breakout. Now this same level could be profit takers, yet around May 27th when it hit this level it broke out and giving a $12 high profit per a share. Roughly 30% return.
Final Thoughts
Its interesting stock and will just wait if it goes sub 20 and you could be worried if boeing would cut this company to cut boeing's loses, yet thats the doom mindset and don't think that will happen. I'll remain Neutral on this stock
$BA Massive Breakout | Strap In For Easy LootOPTIONS PLAY OF THE MONTH | Technical Analysis Of BA BA
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The Playyy:
- BA $180Call 8/28 @ $670
we should see this get pretty damn deep in the money if we breakout successfully.
Watch this breakout very closely, we've been watching this wedge for nearly 3 months. Seriously we have been waiting for 3 months patiently inside the Easy Loot channel, waiting for this bag. None of this is financial advice, just giving you a look inside my plays.
Massive Bullish Wedge:
Possible Inverse Head & Shoulders Coming Out Of Earnings:
May Easy Loot be with you....
DotcomJack