Boeingshares
BA Potential for Bearish drop| 5th September 2022On H4, with the price crossing below the ichimoku cloud , the MA 20 is above MA 10, and there is a possible "double top" pattern, we have a bearish bias that the price may drop from the sell entry at 150.27, where is the 38.3% fibonacci retracement to the take profit at 141.81. which is in line with the 50% fibonacci retracement and previous swing highs. Alternatively, the price may rise to the stop loss at 158.33, where the neckline of "double top" is.
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(Boeing) BA Short
I believe we could see a short term price decline in the BA stock. This might be a good opportunity for a short term bearish/short trade through stocks or options. The price has been on a long term downtrend, since approximately Nov 2021. Making Lower Highs and Lower Lows.
I have attached an image here of the BA chart on Daily candles, along with several indicators that give us high probability of a bearish price action.
Through my analysis, I see the following:
1. BA June 28th 2022 price action created a Bearish Hammer
The price opened at $140.89. After the open the price went up to the daily high of $147.18. At the high the price hit the top Bollinger band where it bounced off and reversed towards the downside. The bears then drove the price down to the daily low of $138.54 and shortly closed near the day's low at $138.70. The price closed below the open price signifying that the bears have won for the day.
2. The Bearish candlestick pattern is cutting through 3 key resistance levels.
- (Resistance 1) The Bearish Candle is cutting through the key moving average at which point the BA price has rebounded from in the past, as per the circles areas in the chart with arrows pointing to them. This MA served as a resistance several times in the past and it is where the wick of the bearish hammer candle is now.
- (Resistance 2) The Bearish Candle is cutting through the horizontal resistance shown by the blue dashed line.
- (Resistance 3) The Bearish Candle is cutting through the top Bollinger band, which is a resistance point and indicated the the price is overbought.
3. The Stochastic are showing an overbought condition, and in addition the black stochastic line just went below the red stochastic line, indicating a short term bearish price action is possible/likely.
I intend to enter the short trade and have 2 target profits in mind, marked by TP 1 (@ approx $131) and TP 2 (@ approx $131) in green lines on the chart. This will depend on the risk:reward ratio and aggressiveness of the bearish price action.
It is worthy to note that BA made a high high on this last bullish wave, however in order to confirm the short term trend change, we would need to get a high low next (hopefully at TP 2 price level point, which is also resting on the lower Bollinger band).
This is just my analysis and created for entertainment purposes. This is not and should not be taken as investment advice. I am not recommending this as a trade to anyone. Please do your own research and make your own decisions.
5/11/22 BABoeing Company (The) ( NYSE:BA )
Sector: Electronic Technology (Aerospace & Defense)
Market Capitalization: $78.658B
Current Price: $132.95
Breakdown price: $130.20
Sell Zone (Top/Bottom Range): $167.05-$143.75
Price Target: $92.00-$90.90
Estimated Duration to Target: 129-137d
Contract of Interest: $BA 8/19/22 125p
Trade price as of publish date: $10.30/contract
Boeing in a Range? The Boeing Company - Short Term - We look to Sell at 229.71 (stop at 242.04)
We look to sell rallies. Previous resistance located at 230.00. Previous support located at 190.00. Trading within a Bearish Channel formation. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 230.00, resulting in improved risk/reward.
Our profit targets will be 190.83 and 176.80
Resistance: 230.00 / 240.00 / 260.00
Support: 200.00 / 190.00 / 175.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Boeing: Looking for Lower Levels? The Boeing Company - Short Term - We look to Sell at 208.00 (stop at 216.00)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 205.00. Levels close to the 50% pullback level of 209.60 found sellers. Daily signals are bearish. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 205.00, resulting in improved risk/reward.
Our profit targets will be 187.00 and 176.00
Resistance: 205.00 / 230.00 / 240.00
Support: 200.00 / 190.00 / 180.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
BOEING COMPANY (BA) for long positionSignals
Position: long Entry price: 198
Target price: 230 Stop loss: 200
Indicators
RSI is very low, better to wait till the price touches the support line around 198.
Bullinger bands and Keltner channel are opened, meaning a strong trend. So the price will probably reach the support. Same clues from the MACD .
Conclusions
Boeing is going to be fine despite the near-term turbulences. Recent weaknesses from the stock is an entry opportunity for long positions and also for long term positions.
Clearly from the lines the trend is positive.
Boeing Shares Likely to Take Off SoonAs government restrictions in the U.S. and elsewhere ease, so the global tourism industry is likely to recuperate. This would naturally boost airline stocks.
With regards to Boeing, the share price recently concluded a major Descending Wedge, which entails probable trend continuation. The pattern bottomed out at the 250-day MA (in red), which was followed by a reinvigorated bullish bias.
Subsequently, the stock price went on to break out above the 23.6% Fibonacci, the major resistance level at 240.00, and the 100-day MA. All of this underpins the robust buying pressure at the moment.
On the condition that the price action establishes a throwback to 240.00 from above, this would represent bulls with yet another opportunity to go long at a discount.
The major resistance level at 275.00 (upper part of the Wedge) represents the first major target for the uptrend.
BOEING PREPARING TO DUMP? OCT TABOEING is down over 50% from it's highs back at the start of the year. Will BA have enough strength to hold through or will it lead the market down another hole...
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The stock currently sits above what has proven to be strong support @ $153 but before we play this one we need confirmation.
Watching the orange trend line as support/resistance, it holds strong on the weekly timeframe.
Possible long on a break and hold of resistance @ $190.
Upside targets: $234
Possible Short Entry pn break and hold below $153
Caution needed with this stock as it continues its push up. Seems like it's due for a correction in a few months.
DotcomJack | Michael Jordan of Stonks
BA BOEING LONG TERM SWING BREAKOUT SIGNALTITLE/(DATE)- BA/USD BOEING
ASSET- STOCK
PLATFORM-MT4
ORDER TYPE- BUY LIMIT
Time Frame-4hr
ENTRY PRICE 1- $158.00 (pending)
ENTRY 2- $153.00 (pending)
STOP LOSS- $148.00 (100 PIPS)
TAKE PROFIT 1-$168.00 (100 PIPS)
TAKE PROFIT 2- $178.00 (200 PIPS)
TAKE PROFIT 3- $188.00 (300 PIPS)
STATUS:⚠️PENDING⚠️