Boeing
The Future of BoeingA friend asked me for my view on this on last FridayI will never look into airlines and related stocks, with covid19 going and most borders, without intervention I don't see how this can be a bullish stock for the year.
Well, but you are already in it, congratulation. If you are conservative I will wait at 238.12-261.42 and wait for a reversal signal to exit the trade.
If you are extremely gung-ho on this, then $320 will be good.
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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
How Could You Miss? 58% Was The Correct TP! (BA)💰💰💰 The exact same patterns happen over and over again!
My decision to exit my boeing position on the 9th was on point!
I saved myself from a 20% correction! 😯
The Crossover strategy and the ema dots all aligned red for the indication of a drop off!
What do we look for now? You guessed it! GREEN ALIGNMENT! 🤑
Best of luck to you, 🎲
🥇MLT | FULLTIME PRO TRADERS
Glad I Took My Money @ The Top! 🤣 (BA)✈ Clear the landing strip!
184.40 MUST HOLD! Short if it breaks.
Channel now identified, now that we have new structures to play with.
Top breakout level is far away. 184.40 is the main focus for break or turning point.
Use the Crossover strategy and the ema dots to spot the reversal for a lomg.
Good luck, ✈✈✈
🥇MLT | MAJOR LEAGUE TRADER
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)
Goodbye. Took My 58% Gains On Boeing. (BA)I'm getting very aggressive on the 1 hour timeframe. Taking my gains and going to something else. See you later boeing I wish the best for you and thank you for the nice size swing. ❤❤✌😁✌💰💰
Time to compound the interest in a new beginning 💰💰💰
58% winner.
🥇MLT | PRO TRADERS