BA trade ideas
Longsetup for BA - The Boeing CompanyNYSE:BA
We realized some unusual call volume in the last days for the stock of BA. Also the chart looks really good for a breadout above 220 $.
Executives for Air India unveiled the single-largest airplane purchase ever on Tuesday (Feb 14), purchasing close to 500 planes from Boeing and Airbus. Although the price was not made public, industry experts estimate the cost at about $85 billion.
Under Tata Group’s ownership , Air India will look to challenge domestic giant IndiGo and regain its place as the country’s largest airline. Specifically, the airline will buy 220 planes from US-based Boeing and 250 from Airbus that will be assembled in Europe. (source: yahoo finance)
We bought the stock at 15.57 $
Buy Market: 218.45 $
Sell Stop Loss: 199.50
Sell Profit Target: 245.00
When the stock reaches 230.00 $ you can also move the stoploss to your entry price as a breakeven stop.
BA: Week of Feb 13Looks like a distribution top, no?
But you know BA, full of tricks and games.
Ranges shown in chart. Reference target is around 212. Open above, I would be bearish to it. Open below, I would be bullish to it.
Momentum favours a move to the upside next week. Monthly range has highs in the 220s.
I am looking to long to be honest. But we will reference the 99% target on Monday.
Check back on this post, and I will post the 99% target on open on Monday.
Safe trades
BoeingLook at Boeing price action last 30 days. Now go and look at Dow jones or DIA price action last 30days.
Boeing is listed on the Dow, sometimes heavy weighted stocks mimic the moves of the ETf or index its listed under. In this case both The dow jones and Boeing had a massive run up late last fall. Since January the dow has been trading between resistance and 50sma (See link). Boeing has been trading under 215 fib resistance and 21ema.
Boeing movements without any company specific news will mimic the Dow . Today Dow close at resistance and so did Boeing. Let's see what happens tomorrow..
Overhead Boeing has a gap to close at 234.
Below 21ema Boeing has support at 195
Fib levels
High - 278.57
Low - 113.02
BA Price headed to monthly resistanceDifficult chart to do the analysis. However, at a high timeframe like monthly, it is a bit easier. It seems there is a big monthly resistance sitting just 15% above the current price. That resistance is a zone 238-243.
There is higher probability that if price moves higher from here, it will stall in that range and probably face a rejection there for a pullback. In case of a pullback, the price will find support at the marked monthly support.
BA The Boeing Company Options Ahead of EarningsIf you haven`t BA The Boeing Company after my last post:
Then you should know that Looking at the BA The Boeing Company options chain ahead of earnings , I would buy the $210 strike price Call with
2023-4-21 expiration date for about
$14.90 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
BA: Week of Jan 30 Levels and corresponding probability listed in the chart.
Does somewhat look like a topping pattern, but with BA its always important to watch the fundamentals/news.
Overall, I think we should see some selling based on the probs, but I am not particularly bearish on this stock. The selling may just be some pullback.
If we look at the weekly we have some pretty big bullish indications:
Break over DSL and a bull flag. Quite bullish signs.
We'll see where the 99% target falls tomorrow and from there can decide accordingly.
Safe trades everyone!
Boeing bullish momentum cooling down in the short termBoeing Company (The) (symbol ‘BA’). The company’s earnings report for the fiscal quarter ending December 2022 is set to be released on Wednesday 25th of January, after market close. The consensus EPS for Q4 is $0.30 compared to Q4 2021’s $-7.69.
‘Even though the aerospace and defense giant is getting criticized lately for their delivery delays, the price of its share seems unaffected by these allegations and continues the bullish rally. ’ said Antreas Themistokleous at Exness: ‘It's no secret that the issues of supply chain and labor availability in the aerospace industry are causing trouble to the production but the reopening of the Chinese economy should be beneficial for the company in 2023.’
From the technical point of view the stock had an exceptional quarter with the share price gaining more than 56%. The price broke above all technical resistances since early November and is still holding above all moving averages. In recent sessions we witnessed a minor correction to the downside after finding some resistance on the upper band of the Bollinger bands and the 78.6% of the daily Fibonacci retracement levels.
The overbought indication on the Stochastic oscillator in combination with a prolonged bullish rally could possibly signal that a correction to the downside is very possible to happen before resuming the overall bullish movement. If this is confirmed we could expect some support around the $200 price area which consists of the 20 day moving average and also the psychological support of the round number.
BA , if u r not leveraged in ur portfolio - i did a $130 Jan2023BA , if u r not leveraged in ur portfolio - i did a $130 Jan2023 Free money DYOD
see here is the VIX spike I waited for vix 23 rsi lower good to go after fed meeting today dec 15 2021
now below 190$ price take strike almost 30 % away from here on a great company
Not just airplanes...look at all they do ...GOvt, Space etc.
Free money DYOD
Channel UpBA appears to be in a channel up after breaking up from a Cup and Handle pattern and a Symmetrical Triangle.
This is most likely not a Flag as it is sloping with the trend.
If price stays in channel it could bounce back and forth inside the channel.
If price breaks the channel up support line, it could be time to say Adios.
So far so good. Possible 5 to 6 dollar pull backs.
No recommendation