Boeing ( BA) Reaching Previous ResistanceYou won't see Boeing at this low a price again.
Perfectly in trend, solid technicals.
Another no brainer.
BA trade ideas
Boeing is taking 737 ride or Covid.19 Roller Coaster? 1/Dec/21Boeing is on track as "recovery stock"?...It's stock price seem like breaking the trend line ( Dashed Cyan ) support and price might down to around 44.50
BA Long to start hereBA fall to less to 200 range after Fear of Panic sell off on friday but looks BA is strong from here and last dip is to shake out the travel industry to glimpse weak hands.
Note:use your own risk to trade.
Boeing Green lines - Support
No matter the good news this company gets it can break above that downtrend initiated since March 2019. On this weekly chart you can see it bounced of supporting trendline here at 194.
It's starting to look like Boeing wants to close that gap at 160 down below. The new lockdowns they are imposing won't do any help here. But let's put the covid scare to side and just look at that down trend, even before this week's sell I think we were headed lower anyways.
I highlighted the next strong supports in green. if we drop below 192 support it's almost certain 160 gap close is in the cards. 173.25 is a fibonacci support level and that would be my first target should we drop below 192.
Bullish case? Oversold on weekly and daily Bollingerbands which could provide for a temporary relief bounce back up to Daily fibonacci resistance at 210 then the infamous downtrend around 220.
Side note doesn't this look like one big bear pennant? Scary if it is
I think the travel levels that we saw pre pandemic we wont be seeing for another few years and that has to affect Boeings bottom line if it effects the airlines..
Boeing Bullish Cycle SequenceCompleting the last leg to the downside before the continuation of the Bullish cycle to the upside.
Boeing engine fireI've been out of $BA since $235 and for good reason.
Major fibs are being broken and the trend line fail as well.
In addition, you can see how the oscillators are converging to the downside...
I see $180 as the price target.
Not shorting...
Personally, I am waiting for entry.
I've linked my past Boeing ideas
(bull & bear; right or wrong)
to give context to my thoughts now.
Happy Trading
BA - Interesting Price Actionafter the fake gap up break out, now gap down, so the break down of this BA is also fake ???
I’m happy to know your ideas on where the BA price goes.
* I will update here if my analysis was wrong or correct.
"TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George Tan
BA in Accumulation zone long-term? No brainer? I think BA is approaching a zone or already is to start scaling in longer-term. Black-Friday sale?
Only time will tell. Good trading plans emerge.
BA 30m Wolfe Wave Bullish 11/26A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
Boeing ~ BA Boeing lol. This stock is a JOKE to trade. But we finally got to our 190 target and if we break further to the downside this will enable 160-170 range.
My stance is neutral on the stock, but there is tons of put flow coming in on this one still. Can see the chart and see what happened.
$BA DAILYIHS on daily playing out, but holding on jan lows, could see a bounce next week but will have to rehold jan lows for continuation of upward trend otherwise we drop further.
Boeing - Picking a BottomBasically, I know nothing about TA. This stock has done this type of thing repeatedly, it wouldn't surprise me if it rises significantly over the next few days. I included a take profit and stop loss rule. I'm not as confident that this stock will be one to rise over the next few weeks as I am of Visa, which is why I have the take profit set to 4%.
The analysis is that buyers of Boeing tend to push it up after it falls to this extent - so I'm long.
BA PRICE PREDICTIONI believe that price will travel on the path of the red line based off of key levels indicated with support and resistance lines. This could happen in a day or may take until mid next week.
$BA - At lower trend line. Can it hold?BA had a false breakout from a descending triangle. Now resting on the lower trend line.
If the price break above the upper trend line, we could see $256.
If we breakdown from the lower trend line $191 is expected.
Target 1 - $233
Target 2 - $241
Target 3 - $256
Risk - Break below $205 towards $191
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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 shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
BA Bullish Pattern Long-TermBoeing formed a bullish Gartley pattern.
Wait for breaking the squeeze upwards before getting in.
BA - Is back on the Major Support LevelAfter the fake break out, now is on the major support level .
Next 2 weeks will be the Confirmation if Down or Up.
I will update here if my analysis was wrong or correct.
"TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George Tan
* FAKE BREAK OUT
* PULL BACK
* BREAK OUT OVER THE BREAK OUT
* CAUTION FOR OPENNING NEW POSITION
* MAJOR PATTERN
BA looks more downsideAfter a fake channel breakout, looks like BA might go down more. Next level 206.84 and if it breaks then we can see 191
$BA - Will be ready soonBA - should be ready very very soon
It is possible that wave 2 bottom is already in- but since the corrective move Friday flushed past the 161.8 - that favors it as a 5 wave impulse down - meaning we will get a corrective bounce up - followed by another flush. I still think all dips on BA with time are a buy. Next move wave 3 takes us to 260, but thata move likely will be on the next SPX leg up. Right now SPX is approaching a wave 1 top - that likely is going to be the dagger that knocks BA down for its last leg down.
BA Weekly Options PlayDescription
BA gapped out of the pattern, a strong signal, and made a nice bullish candle on strong volume.
We'll be looking for this move to continue.
Related idea linked, almost entered on friday, but didn't quite cut it.
Using A call debit spread, because profits are always limited by time.
Call Debit Spread
Levels on Chart
SL is a daily close back in the wedge.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/19 235C
SELL
11/19 255C
R/R & Breakevens vary on fill.
The long call is placed ATM for higher chance of profit,
The short call is placed at a reasonable expected level of price within the expiration time.
The front-week options play is to capitalize on a swift movement following the break.
Manage Risk
Only invest what you are willing to lose
