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BA trade ideas

BA - On thin ice!Dear subscribers, today we would like to inform our subscribers about the current developments in Boeing. NYSE:BA In our last article, our analysts reported about a more bullish scenario for boeing. However, the current earning results indicate that boeing might not have finished its correction. Additionally, the probability that a major C wave might head our way increased considerably. Wall Street analysts were expecting Boeing to post a revenue of 16.17 billion and a slight loss of $-0.1877 per share . However, the management announced a few hours ago that the company only managed to achieve 13.99 billion in sales. In addition, the company generated a total loss of $-2.75 per share, significantly more than estimated. That the published results were so far off analysts' estimates is a very bad sign for the Boeing stock. Our team recently discovered a very bearish scenario on the chart, that would result in further sell-offs. Before we present our scenarios, we would like to point out to investors that we currently hold no positions in Boeing and did not announce any long positions in our last article. Technical explanation of the Elliot Wave structure: Since the last all-time high at $446.01, the stock was troubled by the corona crisis and multiple 737 MAX airplanes crashed in disastrous accidents. Due to this boeing suffered a loss of nearly -80 % and the sell-off stopped at exactly $89.00. Since that low, the stock recovered strongly to $278.57 until fears about the future of the company started to emerge again. More than a year later the stock is trading at barely $170. According to the elliot wave theory, we can assume that the movements of the last years point towards a very large wave 1-2 setup. The bad news however is that boeing will correct to lower levels very likely. The warning signs are piling up that the surge two years ago was only a corrective B wave. This means that we are in a C wave and would again break below the last resistance at $89.00. Boeing could again face a loss of more than -40% and the stock would enter another massive crisis. Unfortunately, the long-term indicators would support this prediction. The buying volume is exhausted on a monthly basis and a negative cross could soon be confirmed. Should the important support at $141.58 be breached, prices below $90 must definitely be expected. This red marked line is the last resistance that would guarantee an imminent recovery of the share. However, it seems to be only a matter of time until Boeing will break through this line. There is a small chance that the current movements represent multiple wave 1-2 setups. We give this scenario an extremely low probability as the stock has corrected tremendously. We will not open any positions until we receive a clear bullish signal. The current overall market situation also does not support an investment in this stock. However, if Boeing reaches prices below $90, a long-term investment is highly recommended. In the next few years, we forecast large increases in Boeing and a long-term bull market. As already mentioned, the current market situation does not allow an investment in this stock and only after a clear bullish reversal an investment could be considered. Disclaimer: According to legal regulations, Mendenmein-Capital is not a certified or legally recognized financial advisor and any transactions based on published content are at your own risk. Mendenmein-Capital cannot be held liable for any losses whatsoever according to the legal regulations in it's country of residence. =============================================================================================================== If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact us.
NYSE:BA
by Mendenmein-Capital
3
Boeing Ready to Fly Again?Boeing looks interesting--at least in the sense that's it's checking all my boxes for the kinds of trades I look for. Bullish Divergence, check. Buy Zone, check. Price on top of a Supply Zone, check. Normally this would be an easy one to start averaging in. However, as with most stocks there's more to consider than just TA and the overall market is still shaking out. I think this is a great chance for a short-term play, but I'm not ready to go in with full confidence yet. Happy Trading, ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
NYSE:BALong
by mercury_rising
2
BA short The downward trend line is still intact, it seems no catalyst that can lift the stock. On the commercial airplane side, - Delta reported a quarter that indicates the returning of travel. However, it is still far from pre-covid level ( ordering new aircraft) - With another round of Covid lockdown in China and geopolitical risk, I highly doubt the Chinese will order more commercial fleet at the moment. On the defense side, - As one of the top military contractors, BA's peers (LMT, RTX, etc...) have outperformed BA stock. - with the ongoing war between Ukraine and Russia, the EU has increased its defense budget dramatically, yet the news couldn't move BA stocks to a level that can break the downtrend. In the short term, I think the down side risk is still greater than the up side reward. 168-169 is a level I might pick up some call options as a lottery play (wouldn't own shares since WS hate the stock so much) NYSE:BA NYSE:LMT NYSE:RTX LSIN:0KVV
NYSE:BAShort
by LucaysL
4
Its time Okay BA, enough screwing around. You have had your fun, now lets fill this gap, get it over with so we can make some progress back up. Figured I would update on BA seeing that I haven't really posted about it. But there really hasn't been anything to post about. BA has been playing around in the low 190s, 180s region, just taking its time with the rest of the market. I am swinging a position on BA that I entered around 191 short. Unfortunately BA doesn't have inverse shares so I had to buy the options. Expiry is the end of this month, so ... I would like my target to be hit before then. Either way, I am up on this and not freaking out. I may not get my target if BA keeps up these games, but at least its not a loss! Nothing has changed in terms of my last in-depth analysis on BA. I will link it below. My target is this bottom gap fill, around the 150s region. It looks like the market is getting the momentum to actually commit to some good selling, so let us hope that we get some follow through on BA. Otherwise, BA has been a great day trade stock, with great movement up and down. Just nothing really interesting enough to do a post about. But BA is my baby, I like this stock and I have been neglecting it only because it has been boring and I have nothing insightful to say about it. But I thought I would just do a quick update. Remind BA that I am still here! And doing a post that doesn't involve me running multiple different stats analyses on 3 different software platforms is a refreshing break. =) As always, take care everyone! Trade safe! Let me know your comments, criticisms and questions below.
NYSE:BA
by Steversteves
23
$BA - Things are looking up!Boeing has been in a painful downtrend channel since last year. However, things are turning up in technical world. Looking like it is heading towards the upper trendline of the channel around $210. If the break out is confirmed, the price can potentially head to $250. Target 1 - $210 Target 2 - $250 Stop - $184 and below ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines show support and resistance areas. - Fib lines also show support and resistance areas. - The dotted white lines show the price projection for breakout or breakdown target. Disclaimer: Not investment advice.
NYSE:BALong
by PaperBozz
1
I was today years old..Did you know when you have one or many indicators on your charts and whilst trying to zoom in or out the chart using the mouse the indicators take up half or even more of screen realestate especially in case of pivot lines indicator?? Well there is a solution to all this madness so that you can zoom in and out of price chart only and IGNORE all indicators on your screen's realestate. Here's how to do it: 0. Keep all your indicators ON on the chart 1. Right-click on the price scale 2. Select "Scale Price Chart only" 3. You'll thank me later ;) Cheer's 🍻
NYSE:BAEducation
by KushC
1