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.
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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!
Transportation
The world needs transportation...These are sort of my levels. Aren't you worried about crude level? I mean... Do you think this will ever recover its shape again? It's just common sense and because this world is moved by money and transportation issues mainly.
How do you imagine this future?
Thanks again!
Transportations Are looking Too Good... Is A 36% Drop In Store?Dow Jones Transportation have just finished their wave 5 cycles up. Which means we are in store for a larger correction down. There we are looking at retracements to the 0.382 fib at 7800 or a 0.5 fib retracement at 6700.
If transportation were to drop, the SPX and S&P is going to drop too. Transportations has always been a early warning regardless to do that.
Lower oil prices in mid term will benefit trucking companies.TFI International is North American transportation and logistics leader, partnering with a diverse group of customers in the US, Canada and Mexico. The stock, TFII now trades in New York (as well as Toronto). Fuel is a large component of cost structure. I'm accumulating on down days in the market.
American Airlines AAL ready to bounce yet?I've never traded airline stocks. I like AAL here though-seeing a potential broadening formation. I might consider a small position and set a target for that unfilled gap. Longer term, airline stocks appear cheap right now although I'm not ready to turn bullish on them yet. I'm just not that familiar with them.. but this looks like it has good potential.
Exchange Income Fund: One of my Top Monthly Income StocksEIF is a rare stock where you get decent capital appreciation alongside passive income. Not only are these two factors attractive in itself, but they have also increased their dividend virtually every year for ages with no decreases.
Their diversified portfolio and continued record revenues makes this stock an amazing buy and buy off dips. There can be some pullbacks on dividend stocks so you never want to throw "in" all your cash at once.
Exchange Income Fund (EIF) and A&W Royalty (AW.UN) are two of my top monthly dividend stocks that have sound technicals and will continue to provide investors with strong value over the long-term. In my opinion these two aforementioned picks represent some of the top monthly dividend stocks both in the TSX and NYSE/NASDAQ; strong charts and a remarkable dividend hike history is exactly what investors should be looking at for passive income.
If you look around the market, monthly dividend stocks are very rare. Its even more rare to find monthly dividend-paying stocks that actually have "nice charts": these two are my favourites.
- zSplit
Plug to Find Resistance at $3.80 in 2024 (50% Chance)PLUG is a risky investment for 2020, as I am not certain that it will hold its price or increase.
CNN Business thinks the following for the next 12 months:
"The 8 analysts offering 12-month price forecasts for Plug Power Inc have a median target of 4.00, with a high estimate of 6.00 and a low estimate of 2.75. The median estimate represents a +29.45% increase from the last price of 3.09."
Given Motley's analysis however www.fool.com , it is indicated that PLUG is just a cash hungry company that's burning through it faster than it can make it for the last 2 decades. On the other hand, simplywallst (site) sees the fair value as around $8. Even with that being said, the analysis from SimplyWallSt indicates that the company will continue to be unprofitable in the next 3 years.
Motley advises that TELL is a better stock option in hydrogen fuel cells than PLUG. I have not researched TELL as I am invested into PLUG for the past few days and don't have interest at the moment to trade into TELL and out of PLUG. The next time I invest, I will evaluate TELL and determine if I should diversify into them and will provide an analysis if that occurs.
However, what I will leave you with is this on the PLUG side. The average board member has been serving with them for 9.2 years. The average age of the board members is 62 years old. In the last 3 months, 2 insiders bought 112,286 shares of PLUG. On the TELL side we see that the CEO has been with them for under 3 years, and 1 insider has purchased 42,320 shares in the last 3 months (roughly the same monetary amount as on the PLUG side).
When looking at the stewardship and profitability of TELL vs PLUG, what stands out most is the following: "TELL is unprofitable, and losses have increased over the past 5 years at a rate of -27.6% per year."
TELL forecasted future growth from nearly a dozen analysts = -16.9% in the next year.
PLUG forecasted future growth from half a dozen analysts = 56.5% in the next year.
Your choice. I made mine when it comes to hydrogen cell stocks and am not backing out any time soon.
Bullish options activity in Jet BlueOptions traders are betting heavily on Jet Blue today, with tens of thousands of call options located at the $20 strike. Perhaps options traders are betting on some holiday travel hype to boost the share price. Or perhaps they're banking on hype around JetBlue's investment in flying cars to move the stock. A drop in fuel prices after this week's oil inventory reports could provide a different sort of catalyst. Or maybe options traders are just betting on JetBlue's attractive valuation and analyst ratings, with a 9/10 summary score and an 82/100 valuation score. It seems there are a lot of good reasons to invest in Jet Blue. I've gone ahead and followed the trade, so we'll see where this goes.
IWM Has No More Upside - Longterm Target Is 112 USDCurrently we are in a ABCDE formation down. Next target is 141 USD, where it will make a corection up to 151 USD for the (e).
In my last post i noted that transportations are also expecting a correction down, which should take IWM with it. Therefore the larger target of IWM is 112 USD. Best case Scenario we are looking at a target of 99 USD.
Buy at 3.95 dipTA only, long term trade - look at this company for +/- related to accommodating Electric/ Autonomous/ AI trucking needs
Saia - LongBullish on Saia
NEMF just announced they will be bankrupt soon, as SAIA is actively looking to build market share in their territory.
Saia's technical indicators are very bullish
9/10 day MA - Bullish
MACD - Bullish
I keep my speculation acct and investing acct separate. With Saia I will build a small position at $67.88
Bombardier_(TSX:BBD.B)_July_17_2018For those of you considering shorting Bombardier, I think there is still some upside left or atleast the time is not yet ripe to short the stock just yet. Granted, that based on historical performance (atleast the past 5 years) the stock has reached close to all time highs (since about 2012). Furthermore, the $5.00 mark seems to act as a key resistance level which the stock is having trouble breaching through.
However, as traders we should focus more on logic and less on intuition for better overall portfolio performance. An analysis of the Moving Averages(MA) indicate the the stock is in a uptrend. The price is above the MA, the short MA has crossed the long MA and both MA have an upward trend. In addition, the Accumulation-Distribution (AD) also has an upward trend.
With news that the partnership with Airbus has been formalised, their new line of business jets about to enter service and the train division doing well it would be unwise to short the stock until and unless the trends indicate otherwise. The greatest risk to the company is its large debt that will act as a huge burden in a rising interest rate environment.
With relations souring between USA, Canada and Europe, BBD.B is going to receive additional support from the Canadian government. Also Canadian and European Airlines are going to be prodded by the government to buy more CSeries Aircraft rather than the competing Boeing 737's. With Airbus coming into the fold and marketing the CSeries as one of their aircraft (as it has been rumoured), Bombardier seems to be well positioned to sell more planes. How much of that profit is going to go to BBD.B is a question for another day.
My prediction is that the stock is going through a period of consolidation. If you hold the stock then do not sell just yet but depending upon your risk profile you may want to determine a good exit point in case the stock price indeed goes south. If you are yet to buy the stock, this consolidation might be a good time to buy but you want to set your stop loss at a appropriate level so that you do not lose a huge portion of your capital.
Bombardier (TSX: BBD.B)_May_08_2018Bombardier has had an excellent run since the stock reached all time lows of close to CAD$ 0.65 in 2016. Currently, the stock has move either way depending on key market conditions. BBD has quite the large debt (close to $9 Billion). The news of the CSeries partnership with Airbus, their upcoming Business Jet, excellent sales on the transportation sector and sale of underutilised assets has generated considerable buzz and increased confidence in the company and leadership team. However, the coming few weeks/months will be crucial as the sale of the CSeries to Airbus is supposed to clear all regulatory hurdles this year; as well as their new business jet the Global 7000 is getting certified this year; the transportation sector is also expecting new orders esp. in BBD's home state of Quebec. If these events go smoothly, the stock might push the CAD 5-6. On the other hand, if the CSeries deal emerges as a freebie to Airbus and there is delay in the business jet entry into service coupled with any renewed tensions from the US in regards to NAFTA, the stock might fell back in the CAD$ 2-3 price range.