BA trade ideas
BA lookin like a short. Hey everybody, welcome back to my ideas.
As you can see we are shorting BA.
Price broke out of the long term down channel and was recently rejected on retest.
Yesterday it was also rejected on the second retest by the down channel and a long term S/R level and is now looking to form a double top.
To top it off, yesterday closed with a nice doji candlestick.
My confidence level here is 4/5
Let me know what you think in the comments.
*This is not advice
(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.
BA and WTZ4+Dbl. BottomFor Boeing Company, I apply WTZ4 for the setup together with my favorite price pattern. RRR of this trade is so attractive. Enjoy your trading.
Pull Back Fishing? /Earnings 7-27 BMOBA will announce earnings Monday before the market opens.
From what I read, analysts are not predicting an earnings beat. Zack, whoever he is, says it is a strong sell.
Sometimes the reaction to the news is more important than the news itself.
BA is above a strong support level of 113.02. The channel BA is traveling in appears to be broadening. Possible horizontal trading channel forming.
BA fell below the Bollinger Bands set on an 80 DMA, and popped back inside. When a security is below the bands it can also serve as an oversold signal.
It looks like price is at a resistance level and trying hard to get past it.
This is a tough market for securities to get out of a hole, but I it is hard to think of this country without this stock, so I would doubt it is going anywhere.
Possible recent bullish divergence between price and RSI.
No recommendation.
Percentage of Shares Shorted: 1.81%
Short Interest Ratio / Days to Cover: 1.1
The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. Boeing currently has a short interest ratio of 1.1.
What is the short interest of other stocks in this industry: Honeywell International Inc. (0.83%), Lockheed Martin Co. (1.11%), Northrop Grumman Co. (1.33%), General Dynamics Co. (1.36%), TransDigm Group Incorporated (2.23%), HEICO Co. (6.36%), Teledyne Technologies Incorporated (1.68%), Textron Inc. (2.39%), Huntington Ingalls Industries, Inc. (2.17%), and Curtiss-Wright Co. (2.36%).
Boeing saw a decline in short interest in May. As of May 31st, there was short interest totaling 10,720,000 shares, a decline of 5.5% from the previous total of 11,340,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment.
The market can remain irrational longer than you can stay solvent.
BAI think the probability of a big weekly candle for BA this week is high. Rejected the supply zone today but volume was relatively low compared to the last few days (kinda surprising to me given the gap up open above Friday's high). Bullish above the supply zone, bearish below today's low. Wouldn't be surprised to see a $20 move from here in either direction.
Fairly Straight Forward TradeBA was in a bull pennant, it broke out today and then immediately rejected some overhead resistance. It also has some strong mathematical resistance on the Z-Score (shown by the pink line on the Z-Score indicator).
Its in a broader wedge type pattern IMO (see the chart above; lines in green).
BA all around is a hot mess. Its math chart is just atrocious and thus it does not respond well to time series modelling (however, my previous time series targets on BA actually were spot on, which is nice, but I under-estimated where it would bounce). BA has constantly been hampered and sold down and has had a rocky history owning to it being a company that is so terribly managed and mishandled (yet I still stan it).
Thus, I generally need to go old school with BA and in between using the Z-Score, I generally need to rely 95% on the chart.
BA, like RTX, seems to be fairly immune to the market dramas. Yes BA sold off, but like, it was selling off all through 2021 as well. It wasn't really participating in the massive bull run that the whole market was participating in. Defense in general seems to be fairly strong (check out ITA which, of course is selling off, but not to the extent of the rest of the market). It is possible that they get caught up in the broader market panic and selling but I am just not seeing it right now.
This will end 1 of two ways, either we see BA work up the strength to break above that overhead resistance on Tuesday, in which case its a long (green candle) OR, we see rejection, in which case, it would be safe to short back down to the bottom of the wedge (red candle).
At this point, I am neutral on BA but Tuesday will tell which position BA is looking to give us.
My thoughts and opinions.
Leave your comments/questions and critiques below!
BOS RecapBreak of structure to the upside.
Waited for pullback on 15min and brought calls in continuation.
Made $1K on this trade.
It's important to stick to the same process wait for pullback after the move is made on 30min or 15min depending on how quick the price is moving.
Risk reward is Key. This trade allowed me to control my account and not end the day in the RED. Yes, there will be some trades that will hit your stops (ALWAYS Honor your stops) for every $700 I give to the market it pays me back over $2100 more than 50% of the time. even if it's less than 50% this is still a solid business plan with(2-3HRs) of chart time daily.
It's important to work on the discipline and skills that will allow you to build a life of Freedom!
Houston. We are ready for lift offInteresting chart.
A hold from the 45 degree of previous bottom would make this a bullish chart.
BA: Simple Trade IdeaIf you look at my previous posts on BA, this entire selloff of this stock was to be expected. Boeing CEO just released a press update expecting the industry to be bullish going forward, so I would be long BA at these levels for the short term being that we are sitting on support.
Not financial advice
Missed the entry, BUTScrolling through the big option players and caught BA on an up trend. All signs point to a continuation. I'm getting long on this play on Monday 6/6/22. This has easy momentum to 155. It's below quarterly VWAP. The Volume Profile is weak at the current price. Going to look for price to clear 141 for entry and set 140.70 as my stop. This may come back and flag a bit before it continues up so I don't want to ride that wave. If I stop out no problem I'll wait for another entry.
hindsight 20/20looking back on some ideas I posted over a year ago. Among the highlights, are almost exactly as predicted. BA will be nice for the picking when it actually bottoms out in another year or so.
BA, shortThe following projection is only my personal opinion
It cannot be construed as a BUY/Sell call.
Ever since the COVID19 started in 2020, Boeing has been thrashed like no tomorrow once.
This is compounded by the fact that its safety record wasnt that good with many violations.
The support zone of 75 - 100 is crucial in mid term.
If this cant hold, geometrically, price could cut through all the way (not in straight line)
within next 1-2 years.
BA PUTS BA Puts below 126.82 Looking for a huge move to the downside might see a potential pull back here oversold RSI
Head and Shoulders on BAHello traders this is my analysis for ticker symbol NYSE:BA .
Two possible scenarios that can play out this week.
First scenarios market has a bull rally tomorrow morning which I will be looking for a reject in the area of 130 - 132.86 this will complete the right shoulder confirming this pattern and will be shorting after it breaks the neckline 126.89
Second scenario market opens and breaks the 126.89 level and we will head down to the downside.
This is just my idea would love to hear from you guys and your analysis on BA
BOENG, 50 years of BULL MARKET is about to endhello friends,
"first of all i would like to clarify this analysis is only a personal opinion and it could be wrong more than right, so please if you disagree with it that's totally fine i am just sharing what i have learnt and experienced
So back to Boeing , the lovely BOEING has been in a bull market for almost 50 years, we can see that the stock completed 5 waves started back in the 70s and price dropped sharply in 2020 after whales distribution took place between 2018-2019:
lets have a look at the detailed waves since the last drop:
it is clear that the previous bullrun was an ABC correction to the upside for the huge drop in early 2020 ( counter trend reaction ) and it was not a an impulsive 5 wave.
keeping in mind DJI and SPX at all time high. Regarding the global atmosphere everything seems fine and stable as the vaccination process is taking place, i don't know what bad news is coming to crash the market but maybe any fail of the vaccine would hit the market so strong. I personally in the market but tight stop loss is a must as optimism is sky rocketing. i never trust the market and i always trade cautiously. finally never underestimate the impact of Covid19 on the economy
another scenario is we still have wave 5 to be completed around 400$ - 500$
BA Lovely bearish Divergence + bearish megaphone BA Lovely bearish Divergence + bearish megaphone today from top 142.21 target 135 -130
BA inside a rectangleA couple of things to track on BA
1- Ascending triangle on the hourly chart with resistance at 141.40. This level has rejected many times now. Above that we could start moving higher towards 143.40
2- There is a rectangle that has formed while consolidating sideways with the same resistance level 141.40
I will be watching this name to see in which direction it will resume.
Boeing could soarI think Boeing is oversold.
Purely technical play as $BA is seeing buy volume coming in -- right off the fib level shown.
Oscillators look well defined.
Stochastic may be showing a need of a retrace.
but I am watching for the fib support at 130 to hold.
Timing likely depends on overall market.
Range* low.
Swing.
Boeing Boeing shares soar after Starliner!
The value of Boeing's shares after the successful launch of the Starliner spacecraft rushed up, testing the level of technical support of $118 per share on the New York Stock Exchange. This level is historical, which was recorded in 2020. One of the factors that investors are interested in buying Boeing shares and forming a medium-term trend of stable demand is the publication of optimistic macroeconomic statistics published by the US Department of Commerce, which gives grounds for the growth of the share price to $145 per share. In the event of a breakdown of the resistance level of $145 and successful consolidation above this value, the opportunity opens up to test the levels of $160 and $185 per share by the end of 2022 and continue the growth of the company's total income from 2020.
Boeing at Long Term Support -70% $BA AnalysisBoeing looks like a good long term buy and hold. Currently down over 70% from ATH.
I may buy this. Will update if I do.
