BA trade ideas
$BA | WEEKLY WATCHLIST 9/27An extremely frustrating stock that feels like it's been bull-flagging forever. If you look at the previous trends, this stock has the tendency to drag out like crazy before exploding. Wave 4 looks to be in, bouncing off the 50% retracement multiple times and showing a complete ABCDE corrective phase.
As long as the $210 area holds, we should see a nice impulsive move up to the $300 area by December.
Actively watching flow and chart for potential long swing entry! Please view chart for in-depth breakdown of suggested play.
BA NEXT MEASURED MOVENext measured move.
50% retracement touch, break above 38.2%. Entry is retest of 50%. i took a position at $208. stops below $193. Pt is 310. Risk to reward around 1:6
BA: Move to Pre-Covid Levels SoonBoeing is close to breaking out of a long-term triangle. Price should return to pre-covid levels within the coming months.
BA: Time To Fly Again? ✈️✈️✈️Since the middle of the Marc-21 Boeing is moving down and slowly inside a bullish flag or an ascending canal.
You can name it as you like. The most important thing here is that the price seems to have found a strong support area near $ 206.50.
We can clearly see that this is the second time that price has been rejected near those price areas.
If you will be patient you will be paid for long-term portfolios. So do not give up on Boeing shares as the reward will be really good.
Speculation with pandemic situations will end one day. One reason is that people are tired of hearing the same thing every day and the second reason is that many economies have returned to normality, people are returning to their job positions.
So at the end of the day, everything will look like "DUST IN THE WIND" and BOEING will fly again✈️✈️✈️
So let’s be optimistic✌️
Thank you and Good Luck!
BOEING - Swing Long- Price has found a level of support
- Looking for a move towards the 200 ma then $245 zone
- A daily close below $207 negates the idea
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Boeing - Forecast 1st NovemberDisclaimer: This is not advice. I am not a financial advisor. This is based on factual cyclical model
BA SWING 15 min TF BA came back and tested the demand zone we should see it bounce off this level and make a new high
Boeing | Fundamental Analysis | Short scenario info update.Boeing has started to regain order momentum in 2021 after two crises - the 737 MAX flight ban and the COVID-19 pandemic. In the first eight months of this year, the aerospace giant received 315 net orders for commercial aircraft. That is a welcome change after two years of negative net orders.
However, Boeing continues to fight hard to produce aircraft reliably and pass them on to customers. That will cause the company to continue to squander cash and could jeopardize its future recovery.
Boeing received 53 gross orders in August. Leading the way was the 737 MAX, with 35 orders from several customers, including Alaska Air and United Airlines. Boeing also recorded 11 orders for the 777 freighter - mostly from unspecified customers - and seven orders for the 787-9 Dreamliner (also from unspecified customers).
Net of cancellations and other adjustments, Boeing recorded 45 net orders in August. This increased orders to 4,164 commercial jets. By comparison, Airbus attracted 99 net orders last month. While Boeing still leads in orders for 2021, Airbus has many more orders in its portfolio, nearly 7,000 as of Aug. 31.
Airbus' significant order lead - especially in the narrow-body market - is a concern for Boeing. But Boeing's inability to deliver aircraft in large volumes is a much more pressing problem.
Last month, the company delivered just 22 commercial jets, compared to Airbus' 40. Similarly, in the first eight months of 2021, Boeing delivered 206 aircraft, while Airbus delivered 384.
The 787 Dreamliner series has been a notable upset in this regard. Boeing delivered just 14 787s in 2021, all from March through June. Just two years ago, the company was building and delivering 14 787s each month.
Over the past year, Boeing has identified several types of manufacturing defects affecting some Dreamliner aircraft. So far, the company has been unable to agree with the Federal Aviation Administration (FAA) on a method of inspecting previously built 787s to make sure they are free of defects, which led to the latest supply halt.
More than 100 787s are currently stuck in the company's warehouses. According to The Wall Street Journal, Boeing won't be able to resume deliveries until at least the end of October.
The longer the delivery pause lasts, the greater the risk of triggering contract provisions that would allow customers to cancel orders without penalty. Given how slowly the demand for long-haul aircraft is recovering, many will not hesitate to take this chance.
Boeing's progress in eliminating the 737 MAX inventory is also disappointing. The company had about 425 737 MAXs in inventory at the beginning of the year, and in the first half of 2021, that number was down by only 35. With 22 additional 737 MAX deliveries in July and just 14 in August, Boeing made little progress in reducing 737 MAX inventory this quarter.
In the near term, Boeing's slow pace of aircraft deliveries will hurt cash flow. (Airlines typically pay most of the purchase price of an airplane after it is delivered.) Last quarter, Boeing delivered 79 commercial airplanes and drained $705 million in cash. Given that aircraft deliveries will reach the same level in the third quarter -- and with a weaker product mix -- Boeing will again be rapidly burning through cash.
In addition, the excruciatingly slow pace of shipments of the 737 MAX calls into question underlying demand for the model. Airbus has had no problem turning over significantly more A320neo family aircraft to customers this year, despite the pandemic.
Looking ahead, the 787 production problems will make Boeing's recovery more difficult. Boeing has already begun cutting production of the 787 family from 14 to 10 planes a month in 2020. With only 428 direct Dreamliner orders left, of which more than 100 have already been built, even a production rate of 10 months will be difficult to maintain in the near term (unless there is a surge in orders).
If customers start to exercise the right to cancel orders, Boeing could be forced to keep production well below ten aircraft per month for the foreseeable future. It will undoubtedly limit future profits and cash flow.
Short $BA CMP $211$BA CMP $211 Most likely will break down from triangle. 50 EMA crossing down 200 EMA. A sign of downtrend in my opinion. Next level of support around $205-207 area. If $205 not hold on daily candle then next support would $186-190 area
BA correction completesBA complex correction is complete. Ending diagonal on wave E of ABCDE correction waves.
Boeing CoIm seeing the repetitive chart patterns happening ,
i will wait until the end of the eillot wave or a touch at the last support with an extra reject confirmation at the last swing of -61.80% fib
then we can take the long position for safer entry.
let me know what do you think about my analysis on BA
BA BA BABA looking really good on it's set up for a move up!
It hit my buy box area, but if you want a safer entry; 16.65. Resistance levels in solid yellow.
Fun Prediction for $BA - Must See!I decided to make my own prediction and draw in my own RSI, MACD, & 50 MA lines from today (9/14/21) through (2/25/22).
The pink bells indicate past explosive bullish movement (ER run ups?)
I have also created a fib extension from the last impulse wave
Let me know what you guys think of my prediction!
My Plan for 9/14/21 - 9/24/21
Entries: $214, 213.50
Exits: $218, 218.50, $220
Once any of my entries are triggered, I will hop in a $BA $217.5c 9/24/21 (3.30)
-Gordy
BA might breakout$BA this is my new thingy, looking at trend, this ticker could go either way, but imo it is most likely going to breakout in a month or two 😄
$BA Range Bound in Ascending ChannelLooking at BA's weekly chart, I can see a strong ascending channel that price action has firmly abided since the covid crash. A big rally in March brought us to resistance level again, and $BA has meandered downward since. A simple Fib retracement from crash lows to recent highs reveals that $BA is sitting on the 0.382 retracement level (possible point of reversal at $BA 206). RSI analysis shows that we are approaching a oversold levels, and possibly an RSI support zone around RSI-40. Assuming we bounce off of this tested historic support, a trip to resistance over the next 6 months seems likely. A Fib extension from March highs to current levels reveals a potential target price at 320, which matches the timeframe of the ascending resistance we've observed. As indicated by red dotted trendlines, multi-month moves toward support seem to be a bullish pattern for BA. Observe the last move made. Price fell from resistance to support, Bollinger Bands tightened significantly, and BA broke upward. Notice the similar angle of move toward support we've made since 2021, and BBands tightening again. TRIX has yet to throw a bull signal on this timeframe. Waiting for confirmation then considering long entry with 6 month+ expiries or shares.
BA may deviate form trend as it has done in the pastBA looking to leave March lows uptrend temporarily much like it has in the past (as you can see in chart provided).
Any dips should put buyers in a good position to rocket to $300+. I have been watching BA since $140. Potential supports are at the $180/200 level. 210 (closing price), 205, 200, 190, 180 are other support levels.
Cup and handle as well.
Vaccines should take care of delta variants.
None of this is financial advice. Do not take any of this as financial advice. This is for entertainment and personal case study purposes only. This is not financial advice.
BA is probably one of the most ominous charts I've seen to dateMainly because they're essentially "too big to fail" and with the 1-2 punch of the 737 max grounding and then COVID the fundamentals seemingly are matching the chart.
Starting in 2018 BA started printing a massive diamond top reversal pattern, and whether it be via coincidence or.. whatever, the stock was already breaking out to the downside, and retesting when COVID hit.
The shock of COVID took the name to a 3.618 extension and well past the 46% measured move from the breakout of the diamond top reversal.
Since then BA has had a decent retrace, getting over a .618 retrace of the break down. But, since then it's had a kind of stuck in the mud moment with gravity and maybe fate bringing this stock back towards the ground.
BA has broken down out of a rising wedge drawn from the highs of 06/09 to the low s of 11/02 to the highs of 03/15, and is currently on track to create what i call an h pattern. Or essentially an impulse move lower, a bounce, and a subsequent retrace back into the lows for a retest or possible ABC pattern simply because it looks like an h.
On top of that we also have BA currently flirting with breaking out to the downside of a descending triangle as well. Both of these measured moves would bring BA into a 100% retracement measured from the lows of 10/30/21 and the 1.618's of these retracements are... you guessed it, the lows of COVID.
The measured move for the rising wedge is roughly $148.58 or -39%. The measured move for the descending triangle is $141.10 or -32.5%. Not to mention that A/D or accumulation/distribution is looking irreparable as well. Getting nowhere near its pre COVID levels and actually staying in a downtrend and diverging from price almost the entirety of the post COVID bounce.
Now, here's where it gets spooky. If this is a true ABC correction simply measuring the move from the top set back in 2019 to the top of the retracement puts BA at... $0. Well, -$97.91 actually. But, i think $0 would be the floor.
If we want to measure just the impulse move from Just the retest of the diamond top the target is $17.85. Basically worthless for how massive of a corporation BA is.
I have no dog in this fight. I'm just doing the analysis. Take it as you will.
Maybe Boeing is too big to fail. Maybe they'd be nationalized like Freddie and Fannie, but regardless it'd be a fall of an absolute titan.
Delayered:
Boeing - Major Wave 5 has yet to begin!Once Major Wave 5 kicks in, the move will be vicious. Opened January 2023 Calls here with January 2022 puts as a hedge (10-15% of your leap call $$$). Good luck!
$BA Boeing hitting Major Fibonacci Support.
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(BA) The Boeing Company bouncing on trendline support BA bouncing on trendline support. Trend started with March lows. I can’t make this up. BA ready for 225 then 240. Look at my last posts for the bigger picture. Breaking under trendline and confirmation of said break would invalidate this trade plan.
This is not financial advice. Do not take any thing i say as any form of financial advice. This is for entertainment purposes only. It is a personal case study I am sharing for entertainment. This is not financial advice.
