Boeing
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!
Wowwwwzers 45%! (BA)Boeing said oh no no no! Mr. Resistance held no chance as it got slaughtered for a massive move up today for an additional 11.47% in gains!!! ✌🤑💲💰
We are still sitting from $141.77 as our custom trading system continues to show life firing green!
Will keep you updated for more updates.
Smash that like button if you like getting them big gains!!! 💰💰💰
Have a blessed day!
🥇MLT | FULLTIME PRO TRADERS
30% / 11 Day Hold Update (BA)What an AWESOME day as we put in some solid GAINS today on boeing! 💲💲💲
Yesterday we showed you how we were all shooting green with the Crossover strategy and the ema dots on these larger timeframes after the massive selloff. Today we we're able to get up to 30% gains in the last 11 days for a nice swing trade, we continue to hold... what is next to come. ⬇️⬇️⬇️⬇️
BOEING ($BA) | Is Everything With Wings Taking Off? ✈️👨🏽✈️ Boeing and airline stocks have performed very well recently, in-fact many of the stocks beaten down by COVID are on the move. Of all of these stocks, Boeing has one of the best looking charts around. Add to that that production is ramping up along with demand, and we have a great justification for a long position along with the newly formed bullish uptrend.
Resources: www.thestreet.com + q13fox.com
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1. Fractal Trend is showing a freshly formed uptrend (Aqua colored bars) on the 1-hour timeframe.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua colored lines) and/or bullish S/R levels plotted by Directional Bias (Aqua colored lines).
3. The play here is to buy a potential pullback to the S2 orderblock and S/R flip, as we suspect it will act as support due to the significant recent reactions to this range.
4. Our stop is placed below S2 and our target is a retest of the current R1 orderblock where we expect to find resistance. This gives us a solid 5.31 R:R.
Although Boeing may just keep going, we don't think it is heading for more downside unless the broader market sees a significant change. Given that, the logical play for us is to buy support. Of all potential supports which retain the bullish structure, S2 is the most logical, and given that the rest of the setup falls into place.
Good luck frequent flyers!
Leasing 12, 767's to Amazon: Bullish ChartsAir Transport just sealed a deal to lease 12, 767's to Amazon
Daily and Weekly Charts are Bullish
This stock looks like it's going a lot higher.
Daily & Weekly charts look great!
Volume is Bullish
PMO is Bullish
MACD is Bullish
Stochastic is Bullish
Accumulation is Bullish
Sector is Bullish
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Up 21% Boeing (BA)I believe I alerted you all of the trend shift from my custom trading system on may 24th and said clearly I'm adding long at 141.77! 💰💰💰💰 that's a 21% return as all indicators from the Crossover strategy and the ema dots continue to shoot green! 🤑🤑🤑
Just the other day boeing announced they were laying off a lot of the workforce and people got scared trying to trade the news! Don't trade the news! Trade the charts! 💯
Best of luck to you all! Have a blessed trading week!
🥇MLT | PRO FULLTIME TRADERS
BA All targets hit - trade with stocks too!Moving forward we will be sharing more stocks and Crypto trades using our strategy - as you can see they work too.
Some of our traders have used this to capitalise from moves in major stock prices.
For more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair.
We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR.
There are infinite ways to manage your trades to suit your mindset and time.
Works on all instruments
Directly onto your own personal trading view - all devices work
Non repainting
Please follow us to keep up to speed with our trading ideas, live streams (coming soon) and weekly recaps using our strategy.
We are continually marking some tweaks and marginal gain improvements to continue to make this easier for our trades and even more profitable. All updates are given to our members and previous purchasers FOC .
Regards
Darren
Blue FX
Boeing Next Big Move is going to depend on MACDTo keep this short and simple, Boeing will move based on the next MACD candle that gets created on the 4 Hour chart
If the next candle is dark green were going to see BA at $170 by next week
If the next candle is a lighter green we will begin our decent back to $134, then retest support. If it break support were headed straight down to $121/$120 area
i DO NOT think that we will see Boeing go under $121 again unless we have another Leg down and the SPY collapses again
if we do go down to $121 area again go in BIGLY on Calls or shares whatever juices your orange
the bearish trend was just broken by the break in price of $134 and again at $146
TL;DR Long BA to $170 if next candle created on 5/28 is a dark green candle indicating BA is still very bullish. Short BA if next MACD candle is a lighter green on the 4 hour chart indicating a short term bearish trend that will go back down to the $134 price
Note: On average, Boeing bearish leg downs are around $20.
BOEING $287.Hello guys.
1. Saudis bought Boeing 700 million at $120. Obviously they are smarter than you.
2. Attraction to 200 EMA.
3. Golden Weekly Crossover on the MACD. Extremely bullish for the next 4 weeks.
4. I wanted to put $20,000 in Calls. Now If i did do that, it would be worth $150,000 right now....
History: When boeing was $120, I wanted to purchase $210c 07/17 for .22 each. Now they are worth 1.69 each. Thats a ridiculous return on investment.
Now obviously, I only put in 1.5k so if this trade works in my favor (which it will) I will walk away with $87,000. Thank you
5. If you were to ask me for a date, I say Donald Pump's birthday, June 14.
BA Analysis Updated (5/24 154 Target Hit)Simple ABC Correction + Momentum + Bullish Continuation
Boeing is looking to continue its bullish momentum inside the new channel it has created after breaking out of the Descending Triangle. Price Action is telling me we should see a small pullback to the area circled with bullish continuation to the next target at 164.80.