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BA trade ideas

I love this stock, but the jig is up! BA has been my saving grace this week. It has traded hard sideways with huge moves in both directions. It has been great to scalp both the long and short side! And after taking a hard loss today on Elon's trash stock, it was able to dig me out of that hole. But unfortunately, I think the jig is up. Its flashing bearish signs everywhere. On the daily chart we have a double top formed over this week of sideways movement, which is the right wing or arm of that V shape pattern (I call it the wacky waving inflatable arm flailing tube man pattern). Both of these are hard bearish signs. As well, if we look at the 1 hour chart, we see another prominent double top that formed over the duration of this week. I had posted previously that this was going to sell off, and in that post I had indicated that for it to not meet the hard sell off fate it would need to break and hold 231. Unfortunately, we have not come close to this. And in fact, more or less my second scenario came to fruition. Which is that if it maintained its current levels, would that change the direction of the stock? The answer is no. It won't. So BA's outlook is still negative. But to be honest, the whole market outlook is super negative. Monday is going to be a very interesting and pivotal day for the market as a whole. We had hard selling these past 2 days, with some minor recovery towards the end of the day followed by more aggressive selling to finish off the day with. I think next week the market is looking to retest its lows and BA is going to be following along. Expect huge volatility and dramatic moves in general, not just from BA. Because of this impending market doom, its really hard to determine. These past 2 days, the market moves have deviated from my math calculations more frequently to the negative side (except BA! This is why I love BA so much). We have been surpassing my low targets hugely and failing to come close to my high targets. It makes me think that market is getting ready for some selling and is showing momentum and conviction towards retesting its lows. But for fun, let's talk about what I will be looking for in BA on Monday. Levels: I am hoping for the market to maintain stability for its open on Monday. If it can, we can expect an open for BA around 209. If Monday is to be a consolidation day or stabilizing day, we can look for BA to retest around 214 ish. We can look for lower lows, around 206. If BA opens at 209.50, we can reasonably anticipate a low of around 206.09. Likely to surpass this if the market continues the way it has been trading these past 2 days. What I am interested in seeing is if BA breaks out of this channel to the downside. For those of you who are long and bullish on BA, this is what I would be watching for. If BA breaks below that channel support (in blue), it will likely come tumbling down. If BA can somehow collect the conviction and support it needs to bounce, we may just have a continuation of this descending channel for a big longer. Unfortunately, there is a lot working against BA right now. With the market being so heavy and bearish in general, I think the outlook for most stocks are not all that positive, regardless of fundamental. If you are bearish, then you want to see a break of that support. This would be a great entry for a longer hold of a short position. On a random side note, you know what stock has actually been quite resilient in this market? The answer my SHOCK you. CSCO! Have a great weekend everyone! I am entering this weekend with a small red thanks to attempting to long TSLA, so its already ruined for me (thankfully BA took thousands of dollars of red and turned it into like a 100 of red :), thanks BA!💋) As always, trade safe, stay safe and let me know if you have any questions!
NYSE:BA
by Steversteves
8
Final Update: BA is going to tank So, this is my final update for BA. I have run the numbers (which I hadn't before previously posting). I am now regretting that scalp. I should have just held. This thing is going to tank. There's just no other option at this point. No matter how I run the numbers, no matter how far back in stock data I go and how optimistic I try to make the data (I went up to 5 years back), the projections are hard negative after today. Like HARD negative. Like so negative your heads are going to spin. To put it in perspective, I even went ahead and optimistically projected what would happen if BA hypothetically maintained its current level for a week. Result? Still negative. The only thing that BA could do that would steer the direction less negatively is if BA broke 231 and held it for at least a week. Then the projections turn slightly more positive. I am expecting a small relief bounce on Monday, but then I think the selling is going to continue. If BA hits 209.28 or lower on Monday, the projection is essentially confirmed. I will be anxiously watching. It looks like it must be the season of the bear. ;)
NYSE:BAShort
by Steversteves
3
BA - In spite of everything, we shall rise againDear subscribers, we haven't covered boeing in our articles for a long time - let's see what happened. NYSE:BA The corona crisis undoubtedly hit the aviation industry hard, especially airlines and aircraft manufacturers. The uncertainty is still great when one thinks about the coming years. The Boeing share and its competitor Airbus have suffered horrendous losses of up to -74% in the corona crash in march 2019. This was a truly heavy loss, especially for an American giant like Boeing. Will aviation ever recover to pre-crisis levels? - We at Mendenmein-Capital answer this question with a strong "YES". Even if the charts in Boeing still suggest caution, fundamentally things are slowly looking better again. With the financial support of the U.S. government, Boeing has an unshakeable partner on its side and orders for new aircraft are already picking up again. A few days ago, Boeing was able to finalize a record-breaking package of almost 30 billion US dollars with its long-time customer "Qatar Airways". Major airlines are preparing for a recovery in aviation in the coming years with the help of major investments. We also view the coming years as very promising for Boeing and are sure that companies like Boeing will shine again in the future. www.reuters.com Technical explanation of the elliot-wave structure: From a technical perspective, there are some important formations and support lines to watch out for in Boeing. Investors familiar with the elliot wave theory should have noticed that since its all-time high at $446.01 and its last low at $89, Boeing has formed a gigantic 1-2 wave setup . This means nothing other than that we are in for a multi-year and impulsive bull market . The misleading movements of the last months are deceiving investors about this fact. At the moment, we are building a solid foundation with the last three 1-2 wave setups in a row on which this bull market can unfold healthily. The last support at $141.58 must be watched very closely in the upcoming weeks. . This support is of high importance and a break of it would cast a very bad light on the bullish structure of the stock. We would face lower prices again, but this hardly changes the long-term expectation of higher prices. We assume that an upward impulse will develop in the coming days and weeks. In the coming months, we target the price at the 1,618 extension, which is located at just over $400. 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:BALong
by Mendenmein-Capital
Uh ohBA seems to be struggling with that descending resistance, as expected. Unfortunately, I think there is more working against BA than for BA at this point. Looking like we are entering a bear market, BA in general being a stock to quickly sell off also doesn't help (meaning those who are invested may be more likely to get spooked and sell). I haven't actually been updating my BA dataset in SPSS since a couple of days (I have been focused on other stocks), so I don't have any math insights to give you. This is strictly just a support resistance post and opinion. I have set an alert for 223. If we reach it, I will be looking for rejection around there to potentially short it. Sorry @ktaba ! I do feel really bad. I really want to see BA do well. I just don't think its ready yet. But maybe. If we can break that descending resistance and hold, that would be great. But it did recently do a fake out around Jan 18th where it pierced but then got rejected. SO I wouldn't go long until it actually holds that resistance/support line. On the optimistic side, BA kind of just did its own thing in 2021. Despite 2021 being super bullish, BA wasn't particularly bullish or bearish. It behaved normally. And BA hasn't really displayed an inclination to follow market trajectories, so we could just see a continuation of BA not giving a F what the market is doing (like it did in 2021) and just do its own thing. But I just think the selling pressure on the market currently is going to have some effect on BA as well. Happy trading all!
NYSE:BA
by Steversteves
1
Boeing in a Range? The Boeing Company - Short Term - We look to Sell at 229.71 (stop at 242.04) We look to sell rallies. Previous resistance located at 230.00. Previous support located at 190.00. Trading within a Bearish Channel formation. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 230.00, resulting in improved risk/reward. Our profit targets will be 190.83 and 176.80 Resistance: 230.00 / 240.00 / 260.00 Support: 200.00 / 190.00 / 175.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:BAShort
by Saxo
Smooth sailing for now!BA has managed to gain back some bullish momentum and is tracking its way up. It is making small and sustainable increases in price which I like to see. Slow and steady wins the race! Its going to be pretty much smooth sailing IMO for the next week. The problem will come when we approach the descending resistance channel around 222/225. My outlook has changed from negative to neutral on linear regression modeling. Still a potential turn to the downside; however, in the past year BA has rejected any lows below 190. It's minimum low has been 190, and every time it has fallen below, you see hard rejection to the upside. So this is promising. Intra-day targets for today Feb 8th: Open: around 212-212.96 High: looking to 215.43 and up for today. Low: 208.17 (good entry point if you are not already in a position with BA, or a good entry point for a day trade to the upside) Keep in mind, because BA has been an erratic stock, the standard error of my predictions is a bit higher than I would like at 4.242, vs my STDerror of Less than 1.2 for SPY and QQQ. Happy trading!
NYSE:BA
by Steversteves
1