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Boeing

BOEING Key Decision LevelDespite the ongoing 737 Max issues and a decimated customer base, Boeing (BA) has already rallied back to $200 from below $90. Sure, the stock has a 52-week high near $400, but the airline no longer has any new commercial passenger jet orders after seeing their backlog as constrained due to production limits. The key investor takeaway is that Boeing has rallied despite no signs that commercial customers are in any position to order new planes. The company has already seen net debt surge to $24 billion by March due to the over production of 737 Max planes expecting re-certification by the FAA to occur far before the summer. The most likely outcome here is pressure on the stock as 737 Max deliveries start occurring in a few months and the market gets hit with a dose of reality that the backlog will fall further. Key Trading Plan: i) SHORT when the price breaks the support level at 162.45 with the Take Profit point at 92.2 ii) LONG when the price breaks the resistance level at 238.59 with the Take Profit point at 318.50
NYSE:BAShort
by SIDCapital
3
BA Analysis (Multi Time Frame)Downward Channel + Loss of Bearish Momentum + Bullish Divergence + Dynamic Support Level Options Trade: 7/17 BA 300c (High Risk) Multi Time Frame Analysis listed below Monthly Morning Star Pattern (Bullish) Downtrend Loss of Bearish Momentum Weekly Uptrend Rounding Bottom (Island Bottom Reversal Potential) Bullish Momentum Daily Possible Downside Tasuki Gap or Downside Gap Three Methods Strong Bullish Momentum Uptrend 4hr Downward Channel Downtrend (Needs to break 208.32 to reverse) Strong Bearish Momentum 1hr Bullish Divergence (RSI, MACD Hist, CCI, Diosc, MFI)
NYSE:BALong
by itsCblast
Boeing BA Buy Setup - How to TradeTo the bulls, Boeing looks like it may have bottomed with an ascending triangle formation. To the bears, it looks like Boeing reached the top of a bear flag. There is no way on knowing who is right, but this is how to trade it. Bear flags are essentially ascending triangle breakouts that fail. When an ascending triangle breakout fails, bulls become disheartened and are likely to bail on their long as soon as the supporting trend line breaks (pink). Bears sold today when the price hit the red line, which would be the upper part of a potential bear flag. You might be asking yourself, how could they sell on the red trend line when it didn't exist until today? Some say you cannot draw a trend line off only 1 point, and they are wrong. So where did this trend line come from? Simple, copy the pink trend line and paste it directly on the local high. You will see that this forms a perfect bear flag and a great place to take profit / sell. A lot of experienced traders use this method to create trend lines from only 1 point and I know first hand that it's a very profitable strategy for finding amazing areas to take profit and short. Did you miss out on the Boeing move today? No worries, here are three areas to enter a long. 1. You can wait for the price to come back down to test the ascending triangle breakout (blue support line, red star). 2. You can also buy on the pink trend line (green star) if price happens to drop that low. 3. There is 1 more trick to ascending triangles that many people do not know about (see my example above). Sometimes they are not perfect patterns, but the stay intact even if the pink line breaks. If price fails to make a new low, you can buy at the pink star in hopes for a double bottom. Ascending triangles signal that people are buying the dip, and if price bottoms at the previous low, this means they are still buying the dip. Personally, ascending triangles are my favorite patterns to trade because the buy points are flat or ascending, making it easy to set a reasonable stop loss. It is also the most common pattern I see on strong trending stocks, on all time frames. You'll see them on the monthly chart as well as the 30 second chart. They simply signal that people are buying the dip and becoming more impatient with each drop, that is why the dip becomes less and less until it eventually breaks out the top from all of the buying pressure thanks to impatient buyers. Hope you enjoyed this analysis and tutorial. Please like and subscribe and I'll add more!
NYSE:BALong
by ttrending
14