BABA is looking to breakout. It is holding above 217.70 which is a good sign. It has been having some unusual option activity. A break above the top trend line can easily take it to the 230 - 240 range at the breakout.
BA trade ideas
BA Breakout and My Trading PlanBoeing is looking to breakout the downtrend here. It has been doing this pattern and breakouts ever since the covid crash and we have another instance here. BA has consistently been creating these downward wedge patterns and breaking out.
With the increase in vaccinations and covid issues starting to decline, and businesses and travel opening back up, this could be the catalyst that BA needs to start going back up. The USA also are now allowing vaccinated foreigners into the country which is huge for tourism.
I will be playing the gap fill at around 230$ - 235$, which would be my TARGET #1
There is also GAP #2 at around 245$ which could be the second target if it breaks the 230$ and the 240$
BEWARE: we did create a gap below, and is very possible that we fill that gap below before we can rip higher
OPTIONS:
I would take a month out, if more for these contracts. The Dec 3rd have decent open interests on the 225C and the 230C
DEC 17th look the best however with over 10k Open interest in many different contracts.
GOOD LUCK!
Looks to be an interesting point coming up fast for BA .Just something I noticed on the weekly , candles almost lines up perfect..I have no idea what's next your opinion?
Boeing Double top gap closeCan't get over that 224 fibonacci level.
With the Dow continuing downward this will close its gap in the coming days.
Entry 217.75
Stop loss 219
Target 1- 213.08
Target 2 - 210 fibonacci support
MFI on 3hr indicates a pull back.
Macd showing death cross
BA: Short now to go Long laterSee A/H $BA is setting up for a continuation fall. Both 4H & Daily charts look to drop further towards 210 (possibly 204 region). This digestion looks like a diving board. It could be a quick & decisive move. It has broken, tested & held below the 50% zone of recent fib move which means it should flirt to 61.8% then with 213 (88.7%). 210 & then 207(~1.272) are in play as well. The move looks solid on higher timeframes as well. This would be a great buying opportunity Long term especially if 204 is attained. Shorting this trend could finance longer term calls (2+ weeks out). Calendar spreads, Call Debt Spreads even Leaps. This would be healthy for the move towards 300. BUT multiple supply & demand zones are hampering this move up. Supply is 225-238. Tested over 6x now since June '21. So weakened. This could be the last move down before ascending to 240+. However, caution is needed. In the sub-210 region it is shakey with ~205 demand zone support YET 200 has not been tested much & is a Line in the Sand. Approach with caution. If BA loses this, the rabbit hole could be deep. There is a gap around 160. Ugh.
BA - Bottom fishingBA looks like it could show some strength. I'm looking for it to move above the trendline and challenge the 200ma / recent highs.
#BA [Boeing Company] [W1] A Breakout or?NYSE:BA Has recently tested the weekly demand zone around 212. The stock been in a downtrend since March 21. Having looked at the broken descending channel, do you think we are having a breakout? Next few weeks will tell. Price last week has reacted to the lower wedge of the main channel that was created back in May 20 and the very long respected wedge that been extended since July 2007. This is a significant zone for this stock to react to the upside targetting a price around 290 : 300.
Follow for more ideas...
#AHMEDMESBAH
Deciding moment for BAWill BA follow the market or will this be a bull in a selling market? Everything is pulling back right now, which is expected considering the strong rally. BA however, considering everything going down more than 3%, went down only .80%. BA still held critical levels. it back tested the downtrend it broke out of and wicked off the upper channel, also 5 SMA (yellow) is above 9 SMA now (purple) and now the 9 SMA is working to get above the 20 MA (Orange). BA also bounced off the 50 SMA very beautifully so there are definitely some buyers in BA. tomorrow will be the defining moment if BA decides to start moving toward the upside or if this is just another bull trap.
BA LongCompare 10/28/2020 and 10/27/2021 earning,
Looks like a pattern:
After earning, small consolidation -> GAP up -> trendline break
After trendline break -> small consolidation -> new swing high. (3 times already, this trade is the 4th.)
Entry 224
Stop 216
Target 290
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
BA (Boeing) - SELL strategyThis looks like a classic SELL strategy. we have high stochastic, and the channel seems well defined as well.
Sell at current and stop above $ 240 and profit near $ 220.00
230 days inside a correction | What to do in case of a breakout Let's take a look at the current situation of Boeing:
a) For the last 230 days, the price has been on a Corrective pattern (yellow lines) inside a macrostructure (White trendlines)
b) Based on past behavior we can see that after the breakout of this type of structure, we tend to observe a small correction.
c) That's the situation we think is the perfect spot to develop Bullish setups with good Risk to reward ratios towards the target
d) Which is the target? Using the previous higher highs we can draw a trendline that may provide us an idea of a possible dynamic resistance zone. That's why we will use that as the take profit level
The key idea for this setup is to observe the breakout and the price above the ascending trendline. If that happens and we see a small correction, that would be a good spot to think about bullish opportunities
Thanks for reading, and remember to protect your capital, and always study the situation you want to trade before risking 1 dollar
BA breakout, long term price target $307 BA breaking out in the weekly chart. If we maintain we can see $244.
Something I noticed while charting BA. The return rate after a bull flag breakout on BA has been consistent for the last two Flags. After a bull flag breakout, BA has returned on average $75 for the past two flags.
If history were to repeat itself with this recent Bull Flag. The return rate of BA would be about 33% if BA would to breakout at $231 and you would enter at this price. I used the two previous Price Ranges to determine a Long Term Price Target of BA and return rate for this recent flag.
BA Possible BreakoutBA could be breaking out of a nice pattern. It has been consolidating for a while now and is primed for a breakout. Good luck trading this week.
BA - First Stop 240 then 275. Boeing - Finally on the move here with great volume on Friday. We have the 5/9/20 EMA's curled up and on watch for a cross above the 50EMA. Nice large double bottom in progress and looking for a break above 228 to test 240 in the short term. Above 240 with a successful hold of support and the implied move on this double bottom would be 275 for now.
I like shares and the June 2022 230C's with a stop loss at 210.65. Good luck!
BA trade Opportunity I know i charted this awhile ago but BA is finally breaking out. On November 5th There is a trend line and channel and if the channel breaks to the upside that is when i would enter calls. BA also resisted filling the gap on November 5th, another reason to be bullish on this stock. There is a gap to fill from 244-248 and one from 232.5 to 234.5
BA at critical dual-zone225 has been a extreme battlefield for BA.
If price manages to stay above, there is a massive triangle break.
Watching for a break and continuation.
LONG BA$BA
Weekly time Frame
With travel opening and strong Friday BA looks breakout on charts if this run it can be insane my target is 300 or more in upcoming time on BA
BA has very good news apart from few here and there bad news regarding issues but with world opening up its positive sign.
Holding BA JAN 2022 230c @470 Current price is now at 1220 over 250% gains already
BA 230c Nov 19 also looks good to me or BA 250c dec 17 stop at BA below 218
For Education purposes only ...!!!
BA idea #1Gap up & 2nd attempt breakout of descending triangle with a high volume trend day.
Last attempt to trade out of triangle had high volume bear candle followed by low volume red candles with top wicks, then retest of support.
BA Shark pattern on 8/H PT1 214 PT2 220 NYSE:BA
BA at a good support line. May go lower to $202-203 will be a good entry. STOP loss $200
BA - Boeing CompanyNYSE:BA
Idea is simple:
Long position from the current price ($207).
Stop - $204.66 (-1% risk)
Profit - first take approximately $216.5 (4.6% upside)
Profit/Risk - 4.6/1 = 4.6
Feel free to comment / add a feedback
$baentre : after close 4 hour above 220 or exiting the channel
tp : 240 then 265
sl : close under 218
$BA working on a weekly bullish engulfing...Interesting day here, nice consolidation after the bounce at support. No real play yet, but could provide a decent lotto tomorrow
