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BA trade ideas

$BA Range Bound in Ascending ChannelLooking at BA's weekly chart, I can see a strong ascending channel that price action has firmly abided since the covid crash. A big rally in March brought us to resistance level again, and $BA has meandered downward since. A simple Fib retracement from crash lows to recent highs reveals that $BA is sitting on the 0.382 retracement level (possible point of reversal at $BA 206). RSI analysis shows that we are approaching a oversold levels, and possibly an RSI support zone around RSI-40. Assuming we bounce off of this tested historic support, a trip to resistance over the next 6 months seems likely. A Fib extension from March highs to current levels reveals a potential target price at 320, which matches the timeframe of the ascending resistance we've observed. As indicated by red dotted trendlines, multi-month moves toward support seem to be a bullish pattern for BA. Observe the last move made. Price fell from resistance to support, Bollinger Bands tightened significantly, and BA broke upward. Notice the similar angle of move toward support we've made since 2021, and BBands tightening again. TRIX has yet to throw a bull signal on this timeframe. Waiting for confirmation then considering long entry with 6 month+ expiries or shares.
NYSE:BALong
by ITMmatty
BA may deviate form trend as it has done in the pastBA looking to leave March lows uptrend temporarily much like it has in the past (as you can see in chart provided). Any dips should put buyers in a good position to rocket to $300+. I have been watching BA since $140. Potential supports are at the $180/200 level. 210 (closing price), 205, 200, 190, 180 are other support levels. Cup and handle as well. Vaccines should take care of delta variants. None of this is financial advice. Do not take any of this as financial advice. This is for entertainment and personal case study purposes only. This is not financial advice.
NYSE:BALong
by Urmomma
5
BA is probably one of the most ominous charts I've seen to dateMainly because they're essentially "too big to fail" and with the 1-2 punch of the 737 max grounding and then COVID the fundamentals seemingly are matching the chart. Starting in 2018 BA started printing a massive diamond top reversal pattern, and whether it be via coincidence or.. whatever, the stock was already breaking out to the downside, and retesting when COVID hit. The shock of COVID took the name to a 3.618 extension and well past the 46% measured move from the breakout of the diamond top reversal. Since then BA has had a decent retrace, getting over a .618 retrace of the break down. But, since then it's had a kind of stuck in the mud moment with gravity and maybe fate bringing this stock back towards the ground. BA has broken down out of a rising wedge drawn from the highs of 06/09 to the low s of 11/02 to the highs of 03/15, and is currently on track to create what i call an h pattern. Or essentially an impulse move lower, a bounce, and a subsequent retrace back into the lows for a retest or possible ABC pattern simply because it looks like an h. On top of that we also have BA currently flirting with breaking out to the downside of a descending triangle as well. Both of these measured moves would bring BA into a 100% retracement measured from the lows of 10/30/21 and the 1.618's of these retracements are... you guessed it, the lows of COVID. The measured move for the rising wedge is roughly $148.58 or -39%. The measured move for the descending triangle is $141.10 or -32.5%. Not to mention that A/D or accumulation/distribution is looking irreparable as well. Getting nowhere near its pre COVID levels and actually staying in a downtrend and diverging from price almost the entirety of the post COVID bounce. Now, here's where it gets spooky. If this is a true ABC correction simply measuring the move from the top set back in 2019 to the top of the retracement puts BA at... $0. Well, -$97.91 actually. But, i think $0 would be the floor. If we want to measure just the impulse move from Just the retest of the diamond top the target is $17.85. Basically worthless for how massive of a corporation BA is. I have no dog in this fight. I'm just doing the analysis. Take it as you will. Maybe Boeing is too big to fail. Maybe they'd be nationalized like Freddie and Fannie, but regardless it'd be a fall of an absolute titan. Delayered:
NYSE:BA
by merkd1904
7
(BA) The Boeing Company bouncing on trendline support BA bouncing on trendline support. Trend started with March lows. I can’t make this up. BA ready for 225 then 240. Look at my last posts for the bigger picture. Breaking under trendline and confirmation of said break would invalidate this trade plan. This is not financial advice. Do not take any thing i say as any form of financial advice. This is for entertainment purposes only. It is a personal case study I am sharing for entertainment. This is not financial advice.
NYSE:BALong
by Urmomma
16
The Boeing ($BA) Company to $300+?Boeing is about to hit trendline support at 212.56. The bottom of this trendline trend is March lows. I believe these lows are the strongest support. MASSIVE Cup and Handle forming on the 1D. Consolidation phase near completion. Fundamentally, COVID vaccines should support BA as a company and as a stock. Technically and Fundamentally bullish IMO. This trendline support and cup and handle should send BA to highs. Target: $300. Potential exit points 225 240, 260, 280. This is not financial advice. This is a case study for entertainment purposes. Do not take anything I say as any form of advice or financial advice.
NYSE:BALong
by Urmomma
8
BA another fav looking "close"Boeing looks like it is getting close to finally breaking out. Weekly being rejected at 30 MA / trendline resistance. Supported by 50 MA and uptrend, also very close to apex (decision time is near). I am favoring a break to the upside following the earnings that BA just had and overall I think undervalued. For now I do think it is best to wait to see which direction it is going, because a break the downside would open up the short trade (this could happen if market takes a turn for the worst). What I am waiting / watching for: I want to see relative strength (this week was weak vs overall market, not good). Need to see an uptick in volume if we are going to break to the upside and have any meaning behind it (breakout on low volume is not a good sign). Need to get above the 235ish volume shelf resistance on increased volume and then break above the 30 / downtrend line. Once this happens I will be looking for the backtest of the 30 and that will be the spot to go long with an initial PT of 265.
NYSE:BA
by btwice53190
BOEING: FUNDAMENTAL ANALYSIS + PRICE ACTION |SHORT VIEW 🔔After a significant portion of commercial airplane orders faded in 2019 and 2020, Boeing began to rebuild its production backlog in 2021. The aircraft producer has reported positive net orders for six straight months. The company will likely prolong that sequence to seven months when it announces its August order activity next week. However, compared to Airbus, Boeing's order book still looks pale due to the A320neo family's advantage over the 737 MAX. This week, Airbus received an important order from Jet2.com, an old-time BA client, a British travel airline. This setback underscores the fact that the U.S. aerospace giant is still struggling. In recent years, Airbus has persistently kept an advantage over Boeing in terms of orders, especially in the narrow-body segment. But the gap widened when Airbus bought a majority stake in the CSeries aircraft program - now known as the A220 - in 2018, and widened productively after the Boeing 737 MAX was banned from flying two years ago. As of the end of 2015, Boeing had 4,392 firm orders for the 737 family, while Airbus had 5,535 direct orders for the rival A320 family. This gave Airbus a 56% share of orders for narrow-body aircraft between the two leading aircraft manufacturers, a substantial benefit but merely an authoritative position. Two years later, Airbus' share has risen to 57%. But by the end of July this year, orders for Boeing's narrow-body aircraft had dropped to 3,314, largely because a string of orders for the 737 MAX had faded over the past couple of years. Meantime, Airbus ended the month with 6,100 firm orders for narrow-body aircraft, with the A320neo family accounting for more than 90% of that portfolio. That brings Airbus' share of orders for the two competitors' narrow-body aircraft to 65%. For most of its history, Jet2.com has operated exclusively Boeing aircraft. Today it has about 90 aircraft in its fleet, almost all of them Boeing 737s. Last year, however, Jet2 tried leasing an A321. Apparently, the leisure-oriented airline liked what it saw. On Tuesday, Jet2 and Airbus announced that the airline had placed a direct order for 36 A321neos with options for 24 more. That proved initial Reuters reports that Jet2 was on the verge of switching to Airbus. Jet2 said the planes would be delivered within five years, through 2028. Airbus probably offered big discounts to poach Jet2 from Boeing. However, the A321neo's superior capabilities over the 737 MAX 9 and 737 MAX 10 gave it the opportunity to win this business. Jet2 will equip its A321neo with 232 seats, slightly more than the 737 MAX 10's maximum capacity of 230. In addition, the A321neo can operate from shorter runways than the 737 MAX 9 or 737 MAX 10, giving Jet2 more operational flexibility. Jet2's decision to replace dozens of Boeing aircraft with the A321neo shows that Airbus continues to hold the advantage in this rivalry. Of course, Boeing still has a solid backlog for the 737 MAX and continues to receive new orders from several key customers. On the other hand, Boeing will need to significantly increase order volume to support a sustained return to peak production rates. Furthermore, heavy reliance on a few customers has its drawbacks. First of all, large customers tend to accept the biggest discounts, which affects margins. There is no doubt that Airbus is not going to make life easy for Boeing. The European aircraft manufacturer plans to increase production of the A320neo family to a record high by mid-2023, with a subsequent increase in production through 2025. It will open up additional slots for deliveries, preventing Boeing from getting default orders as a result of Airbus' larger backlog. The 737 family of aircraft has been a real financial trough for Boeing in the past. The huge global oversupply in the widebody market will make the 737 MAX even more important in the near term. Unfortunately, over the next decade, Boeing will likely have to build the 737 MAX at a slower pace and at lower margins than investors anticipated just several years ago. As a result, Boeing stock will be grounded for some time.
NYSE:BAShort
by FOREXN1
4
BA needs to Bounce and Soon!Unpopular Opinion BA - Looks weak. - Needs more good news and less bad news. :rolling_eyes: - Needs to stay above the moving averages. - Could drop to $202 - Worse: Could drop to $192.65 - Worst: Could drop to close the gap near $158.10 (Market would literally have to crash. Seems less likely.) I'm not posting this to discourage...just keep your eyes open. BA is the government's baby, they won't let it die...plus there are bulls waiting at multiple levels below. Keep this in the back of your mind just in case. It's September and if it's like the last couple of years, the market will slow down and eventually turn into "Red October." Meanwhile, trade the trend lol
NYSE:BAShort
by PerCent_Investments
BA $240 moving to in short term BA Current Price $221 Price Target $240 Option - $220c 9/10 ($568,1.7% till breakeven) After reporting their first profitable quarter in 6 quarters I believe now is the time to add some BA to your portfolio. FDA approval for COVID vaccines coming in just last week shouldact as a tailwind for the travel sector and especially Boeing. In June, Boeing booked defense contracts valued at $1.1 billion. The contract flow was carried by orders for the CH-47 Chinook and the AH-64 Apache. Seemingly, July was even better in terms of contract value. There was a fear out there that BA may see a decline in defense spending due to changes in administrations as we went from the trump administration to the Biden Administration but that is simply not taking place, defense contracts have been very strong for the company. Looking at the chart I believe we will trade up to the top line of resistance around $240 over the coming weeks.
NYSE:BALong
by Value-Invest