Boeing
Speculative short on BOEINGBOEING lends itself for a speculative short position as the price has reached a long term resistance line from the tops in 2007 and 2015. The 2015 top was also the 1.618 fibonacci extention from the top in 2007 en the bottom in 2009. Be carefull with a short position though as there no indicators yet of a weakening of the current uptrend. The price trend is upwards, and both the MACD and the RSI do not show signs of weakening (bearish divergence).
I do not have a position in BOEING.
BA @ daily @ only stock (30 dow) which is nearer to ATH as DOWThis is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
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4XSetUps for next week - friday close (DOW 30 Index & all shares)
Best regards :)
Aaron
Is Boeing still flying high ? Maybe need to land and refuelBA touching the previous high back in Feb 2015 at around $160
Charts showing an ABCD completion with a rising wedge at the resistance level.
Took the risk and shorted close to the top at $159.55 last evening with small SL at $160.66
An alternative will be to wait for the break below the wedge
Boeing Company .: Wave analysisBuy the shares of the correction above the level of 154.77, with the target at 165.50.
The upward thrust within the third highest wave 3 is forming. Locally the fourth correction wave of the lower level (iv) is over and the fifth wave (v) is under development. If the assumption is correct, the price will grow to the level of 165.50. The 154.77 level is critical to this scenario.
Recommendation BUY
Point of entry 158.52
Take profits 165.50
Stop the loss of 156.00
BOEING (BA) watching for the breakoutBoeing is currently in a r(0.976) linear regression started in September. The stock price shortly tumbled after the Cancel the order! tweet from Donald Trump and created a strong support level at ~150.5. I'm waiting for the price to breakout the red breakout line to enter a LONG position.
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"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas" - Paul Samuelson
Boeing already looking overstretched pre-Trump announcementEyes are on Boeing at the moment, following President-Elect Trump's remarks on the possible future of Air Force One.
It is worth noting that Boeing is already looking overstretched at current levels - momentum studies are overbought and prices are now trading in the historic distribution top from 2015-2016 - and risk/reward is turning lower.
Could Trump's remarks provide the catalyst for the corrective pullback?
Still Bullish on BOEINGNearly two years ago I suggested that BA was looking bullish as it was sporting quite a nice pattern. Especially a pattern that looked unfinished. That was correct and now we are quite confident BA should be heading higher. Eventually that is as right now the right look suggest we might be moving sideways in a contracting triangle. We are currently ending the second wave implying once over we should see a decline follow by another up and down before really taking off.
Just be patient.
JBLU LONG lots of support Stochastic s turning up JBLUE is holding this Trend-line support watch the levels 19.50-20 buy zones. The airlines are all hitting the buy levels. I cant stress enough, traders must learn to BUY the FEAR and SELL the GREED. Always have a plan and always have a stop. understand your parameters and you will do well.
KEEP IT SIMPLE TRADE LEVELS
BA likes to Swim for Recreation but curretly needs Air.Ignore the MA Death Crossover that BA underwent just recently. BA at this very appealing support level should become a necessity to buy up for any fund holding it. There has been some noticeable bullish momentum divergence to boot and a look to the 4hr chart indicates that we should see a little pop in the coming days to keep us out of danger. Look for a retest of 130. This should provide a nice 1:2 R/R opportunity for most.
Also, wish I could edit title to correctly spell 'currently'..
8/22/14: due to the hanging man yesterday and the solid run up thus far: I'd raise any stops to under yesterday's low.
BA Is Coming In For A Landing, Watch This Level...Leading aerospace manufacturer The Boeing Company is trading lower again this morning. The stock has come under major distribution in 2014 after peaking out in January at $144.57 a share. Today, the Boeing is trading lower by $2.13 to $124.58 a share. Many traders and investors are now hearing that business is slowing down for The Boeing Company. Earlier today, the stock was downgraded by BofA/Merrill Neutral from Buy citing potential cancellations in orders and shrinking military programs. Traders and investors must now look to the charts to find important support levels where the stock could stage a bounce and create a trading opportunity. At this time, The Boeing Company stock should have important support around the $117.75 level in the near term. This was a level where the stock broke out in October 2013. Often, prior break-out levels will serve as important support when retested.
Nick Santiago
Chief Market Strategist
www.InTheMoneyStocks.com
BA showing weakness after earningsThe Boeing Company (BA) delivered upbeat second quarter 2014 results backed by robust deliveries. The company reported adjusted second quarter 2014 earnings of $2.42 per share, beating by 19.8%. The quarterly number rose an impressive 44.9% from $1.67 per share a year ago.
Candle is in red on good earnings telling us about weakness. And the chart confirms this argument. It put series of lower highs $144.57 ---> $138.39 while market is making new highs. And now it is building lower-level base in front of 200 EMA with wll defined risk above resistance at $130. You can consider early entry in this narrow range to make you Risk/reward better but for higher probability I prefer to wait for break down and close below 200 EMA at $125.60 as it wasn't broken since November 2012.