BA - Boeing Long Term RecoveryBA proved time and time again that they are a strong company. Sure there could be some problems with certain segments but overall very few areas of the market can you find this quality of intrinsic value & dividend - Equities at least for this posts sake, IMO.
Clear break of the downward range I've been outlining in recent posts - RSI & MACD need to cool off a bit but today's move also had some recovery from the weeks prior - so pretty expected outcome with todays media coverage also considered.
It's never an easy road to recovering back to ATH but Boeing has potential to make explosive moves in the Short to Near term - assuming media events & a little luck comes our way. 737MAX Clearance coming closer and closer & add 200 more planes to the sales list after today. All good things.
Always long with BA - GLTA
Boeing
Beautiful BA Price movementBoeing recorded new orders and with their push to "re brand" the 737 Max (Perhaps not a name change) but helping the public gain trust in BA is a great step in the right direction. Industry continues to expand and BA still has BILLIONS in PO and business in its pipeline.
BA will be fine LT, Join in on the discount.
Anticipating move this week w/ Paris air show media Just a gut feeling with some techniques thrown in there. Test of our MAs coming and interesting movement today - but we are near the top of my resistance so if something meaningful happens to drive us to the lower support - will look to add here and there.
PT1: $370
Looking to add at $320-$330 if we get there, Long term BA will be fine.
GLTA
BA July 355/370 bull debit vertical spreadThis technically-driven call debit spread on Boeing entails buying a 355 call and selling the 370 call, both with standard july expiry. The cost of taking this position is a debit of 6.35, making the break even 361.33. This is slightly below the long term support levels, and the resistance of the upper boundary of the horizontal channel, which will become a support after it is penetrated. The lows from March 22nd and April 10th were both roughly 362. Once this was penetrated the stock has traded in a horizontal range. This support around 362 has been tested a couple times; this makes it stronger when it is finally broken through. Also, the 50 day simple moving average is at 365, and the 200 simple moving average is at 363, further strengthening this area of support. The maximum profit for this trade is reached at the strike of the written call, 370, and is the difference between the strikes minus the debit (15-6.35= 865/contract). This trade is 18.91 deltas positive per contract.
Will Boeing crash - like its planes?Boeings M737 Max problems are said to be over due to its software fix, according to industry gurus out there. I disagree! Why? This is not a software problem. This is a nightmarish legal problem in the backdrop. Earnings on Boeing are expected to suffer in June-July. Like really - are all the gurus expecting bigger earnings when Boeing is likely to suffer a big hit from its legal troubles? Gurus do all sorts of crazy things.
In the charts I show RSI divergence on the Monthly time frame, and two trend switches on the weekly time frame. The 4H time frame shows an ideal position for a controlled loss (i.e. stoploss). Sure - price could bust north on the 4H but there is nothing to say that it can't go south, except feelings, hope and a bunch of emotion.
Just to be clear, this is not a recommendation to short - even if on Monday if price is right, I'm shorting on 4H or 6H.
BOEING, long from accumulation zone.Sometime ago all newspapers writing about bad boeing plens and another things after which price for this stock strongly go down. But now all these worries have left the heads of investors and you can safely invest in the company's shares. There is accumulation zone for purchases 361 - 392. First level for sell is 431. So strong up.
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Elliott Wave View: Rally in Boeing (BA) Should FailElliott Wave view in Boeing suggests that the rally to $446.49 ended wave (III) in super cycle degree. The stock is now doing the biggest pullback since 2003 low within wave (4). The decline from $446.49 to $359.01 ended wave ((A)) as an impulse Elliott Wave structure. Wave (1) ended at $416.44, wave (2) ended at $427.70, wave (3) ended at $365.55, wave (4) ended at $402.67, and wave (5) ended at $359.01.
The 5 waves move lower ended wave ((A)) in larger degree as the first leg of a zigzag. The stock has started to recover in wave ((B)). The recovery also takes the form of a zigzag Elliott Wave structure. Up from $359.01, wave (A) ended at $399.95, wave (B) ended at $362.92, and wave (C) of ((B)) is expected to end at $406.26 – $431.97. We expect the rally to fail in 3, 7, or 11 swing as far as the pivot at $446.49 high stays intact. Once wave ((B)) completes, wave ((C)) should start and can take the stock lower and break below $359.01. Potential target for wave (IV) pullback is 23.6 – 38.2% Fibonacci retracement at $285.1 to $346.6.
Boeing Co (BA)(NYSE) Buy $378.50 >>> $414.01 (Good News)Boeing’s Earnings Report
This morning, Boeing management reported its quarter and investors sold Boeing’s stock down on the headline … at first. As of this writing, BA is back in the green to the tune of 1%. And therein is the opportunity.
This is a stock that has already suffered all the consequences it can suffer from its 737 Max incident, so now the upside potential makes owning BA shares the right thing to do.
Looking over Boeing’s earnings report , the metrics were fine, but the most important parts were that management pulled guidance for the year until a later date when they have more information from the authorities about the schedule for its 737 Max planes. BA also paused its share repurchase program, so that it can preserve its operating $2.8 billion cash flow (which is excellent, by the way). This is down 10% from last year’s but within reason considering the operational debacle BA has had to deal with.
Bottom Line on Boeing Stock
In the end, owning BA shares from these levels will be a winning investment. Short term, there are levels to trade for those who prefer to be active in Boeing stock. There is an open gap to $392 per share. Above $400, Boeing stock could spur a $30 rally to close the gap that is even higher. Conversely, below $360, BA would be in danger of testing $320. The right thing to do here is to hold BA stock for the months to come. The upside opportunity far outweighs the downside risk.
NYSE:BA
Boeing Co
Stock - NYSE (USA)
Profit:Risk = 2:1
---
Buy = $378.50
Take Profit = $414.01
Stop Loss = $361.00
------
Take Profit = +9.38%
Stop Loss = -4.62%
Downtrend momentumDue to recent news of Boeing 737 Max, we could potentially expect further downtrend. Boeing has been under lot of criticism. We all know that Boeing is fairly strong company. However, I doubt Boeing will recover anytime soon due to the recent negative PR. The regression trendline explains 60% of variation associated with current trend and price. If we were to interpret in probability, considering two variables: trend and price, we could expect 60% chance of continuation of downtrend. One thing to note is that we would also consider the possibility of temporary rebound before further decline (RSI, Stoch and MFI are bottomed as of now). Since Jan. 30 gap was filled, Boeing could well break 362 support level.
Boeing (It can swing lower first)View On Boeing (13 Mar 2019)
Boeing is the strong swing down mode at the movement and I expect the current saga is far from over.
Do not turn on your "value investor" mode just yet and the low can get lower and you can go in at cheaper prices later on.
I expect it shall go to $350 region pretty easily first.
DYODD, all the best and read the disclaimer too.
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intermediate short term support at vpocLook for a break under this line to short or confirmation of strong support. A break would be accompanied most likely with strong volume as the line shows the volume point of control (vpoc) area found with big volumes circled below.
Looking bearish and long term graph still overextended after The insane rally bringing it to 440 level.
Scalpers could make good short term buys and sells in this area as it will be heavily contested.
Boeing the stumble of a giantthe stumble of a giant undoubtedly the current problem with the plane model max has brought a blow to the coffers of the company. added to this is the stagnation of the product . and the compensations and more. but in past occasions this giant underwent stress of great magnitude and with the the time to time the giant was reincorporated to take the next step.
Boeing: Will it fill the Gap next week? What's next?It's been a month since Boeing's share started taking hard hits following the crashes of their 737 MAX aircrafts that gained a lot of unfavorable media exposure. The biggest hit was the March 11 1D candle that left a big $13 Gap.
The recent (since 2018) price action on BA shows that every 1D Gap (either bullish or bearish) was filled. So in technical terms one can view the recent 361.50 bottom due to the 737 MAX crashes, as a technical filling of the January 29 - 30 Gap.
It is reasonable to expect that the 737 MAX Gap will be also filled so our target is now 415.60. The question that remains is what is next for BA? Based on a similar price action during May - July 2018, we may see a 0.8 Fibonacci retracement at 428.50 as a temporary top. Then depending on the price action, the situation needs to be reviewed as with this kind of volatility on the monthly chart (ATR = 53.0614) despite the obvious long term uptrend (RSI = 62.909, MACD = 47.210, Highs/Lows = 8.9928), anything is possible. The goal for investors is to take advantage of those Gaps and primarily buy the dips.
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