$BA return of the BearThe short run back up to $200 looks to be short lived especially after all the negative press. Looking to play this to the recent low!
BA trade ideas
Looking bullish on BA soon!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
BA/SPX = Long Term ValueTo put it simply - put as much money as possible into NYSE:BA as soon as possible.
When compared to the S&P 500 over time, we can see how investors are pricing Boeing while also taking into account macro conditions. This gives us a relative understanding of the value of Boeing over time, and it has been making new lows recently.
Boeing is a government-backed company that produces many things. Yes, it produces the 737-MAX. Yes, doors are falling off of planes. Yes, planes are crashing. Open your mind for a second:
Click on the below Wikipedia link to enlighten yourself about Boeing's contracts with the US government.
en.wikipedia.org
If you don't want to click on the link, here's a summary: Apache Helicopters, Air Force One, F-15s, missiles, and every bomber in the Air Force. Oh yeah, they also are the only American company in the aircraft manufacturing duopoly.
If you buy right now, you are getting a better price on Boeing when compared to SPX than the vast majority of investors since the IPO in 1962.
BUY BOEING RIGHT NOW & HOLD IT FOREVER.
You're welcome for the free money.
BA LONGBoeing has been in the dumps ever since covid. Financials have taken a huge hit but revenues have started to recover from 58 to 77B since 2020. Of course, this rise in revenue would be expected due to increased travel post-COVID however the net margins (although negative) have greatly reduced from -20% to -2%.
Currently Boeing is facing a lot of heat from its lack in quality in their planes. In response, the CEO has been fired and been replaced by formed COO Stephanie Pope. From her responses in the media, she is aware of where Boeing stands as a company and how things need to be turned around, starting with safety procedures and quality inspection.
Earnings come out April 24 2024. Likely to be slightly negative news, market will overact due to market sentiment and news in Q1 2024. Earning event proposes a massive buying opportunity as the company has massive stakes in improving in the global transportation and military sector. Forecasts predict roughly mid price target of 246. Post-earnings is either a long bearish move or a start to a slow increase as market recovers from an overreaction.
Boeing The company is on massive area of support, but technically the trend is still down and strong , momentum is down and strong too, next quarterly result will be crucial , if price breaks down it will go even further down , The company is not undervalued , but is getting there if you look closely into the valuation ratios. Volume is going down witch indicates that downtrend is losing power. Important weeks ahead for Boeing.
Boeing's Bullish Flight PlanThe year 2024 was a crash landing for Boeing - fortunately only for the stock, as the technical problems with the aircraft that led to losses in the stock could have had far worse consequences than sunk dollars. However, clear signs of stabilization are now emerging in Boeing's stock. Buyers increasingly entered the market around the lows from October 2023. Another sell-off last Monday and Tuesday uncovered hidden bullish divergences in the VOLD. This means that despite great efforts, the bears are unable to push the price to new lows. Against this backdrop, longer-term long positions appear promising. Various gaps that the stock tore into the chart during the sell-off serve as targets. This trade idea exemplifies a conservative and an aggressive take profit, which traders can of course also trade in combination.
Boeing CEO Dave Calhoun to Step Down Amid Safety CrisisIn a significant development for the aviation industry, Boeing ( NYSE:BA ) CEO Dave Calhoun's impending departure by year-end signals a major shakeup at the aerospace giant. The move comes amidst a deepening safety crisis exacerbated by a mid-air incident involving a 737 MAX plane in January, prompting a wave of management changes aimed at restoring confidence in the beleaguered company.
Stan Deal, President and CEO of Boeing Commercial Airplanes, will retire, paving the way for Stephanie Pope to assume leadership in that crucial division. Meanwhile, the appointment of former Qualcomm CEO Steve Mollenkopf as the new chair of the board heralds a fresh chapter in Boeing's leadership.
The decision to overhaul Boeing's management structure follows weeks of turmoil, with the January incident serving as the latest blow to the company's reputation and financial performance. The incident, which saw an Alaska Airlines-operated MAX 9 jet experience a mid-air panel blowout, underscored lingering safety concerns and prompted a reevaluation of Boeing's operational practices.
Since taking the helm in the aftermath of the 2018 and 2019 crashes that claimed nearly 350 lives, Calhoun has grappled with a series of safety crises and regulatory challenges. Despite efforts to address these issues, Boeing's stock has plummeted, reflecting investors' skepticism about the company's ability to navigate its way out of the crisis.
Analysts and investors have welcomed the leadership shakeup as a positive step for Boeing ( NYSE:BA ) but emphasize the importance of selecting the right successor to Calhoun. With the company facing heavy regulatory scrutiny and production constraints, restoring trust and addressing cultural challenges will be paramount for the incoming CEO.
Patrick Shanahan, CEO of Spirit AeroSystems and a former Boeing executive, emerges as a potential candidate to lead Boeing through this tumultuous period. His deep industry knowledge and experience could prove instrumental in steering the company towards recovery and rebuilding its reputation.
Boeing's crisis has not only strained its relationship with airlines but also provided an opening for its main rival, Airbus, to capitalize on. The recent order wins by Airbus from key Asian customers underscore the urgency for Boeing to address its underlying issues and regain its competitive edge in the market.
As Boeing ( NYSE:BA ) braces for a period of transition, the focus shifts to the incoming leadership and their ability to instill a culture of accountability and excellence. With the aerospace industry at a crossroads, the decisions made in the coming months will shape Boeing's trajectory for years to come, with implications reaching far beyond the company itself.
BA Forming a "Double Bottom"With all the bad news pretty much baked in I believe it's time for the bulls to step in. We are forming a double bottom on the weekly chart currently retesting support levels from October 2023....let's see how this one plays out.
BA Buy Zone Triggers Short-term ProsNYSE:BA is definitely below its current fundamentals for the 1st quarter of 2024. This was the biggest gain of all the Dow 30 components yesterday.
It was an obvious reversal point at a prior Buy Zone at October's lows. Yesterday was driven by pro traders with a run up at open rather than an HFT gap up at open. We can also see the pro trader nudge pattern in the candlesticks before yesterday's move up.
It may consolidate before running up, but this support level is now established for the next move up.
BA: LT at the bottom of a wave within large flagThis is a consolidation moment and we are at the near bottom of it and worth piling in.
Boeing: Turbulence! 🌪️ Boeing's share price plunged in recent weeks, but rebounded after reaching the support line at $176. We expect the share price to fall to the green Target Zone between $172.25 and $130.78. Only when the low of green wave (2) has been established there should the price turn around again. Please note our alternative scenario (32%) which sees the low as already established. It is triggered on a breach of $208.10.
BA reversal level? Watching BA at this major support level near 173.97 and 180.98 within this large expanding wedge. It's currently holding a lesser support level at 177.46 and 179.32. The current weekly candle has printed a bullish pinbar so far with 3 more days left on the week.
I will be watching price action over the next week or so to confirm a shift from the current downtrend on smaller timeframes.
Current Confluences:
- RSI oversold (W)(D)
- Oversold STOCH (W)(D)
- STOCH curling upward (D)
- Price flagging on 4h
- A slight divergence on the daily
- Jeanius buy signals are starting to come in on the (D) and (W) timeframes
- * Will update any additional confluences*
Current Cautions:
- Negative News Sentiment
- Sellers still holding control
- Trend in still down overall
Trade Idea:
- At these levels, BA is looking good to make a recovery. I would first wait to see if it trades sideways here or makes one more push down to test the support of the expanding wedge one more time before making a reversal. That would be ideal for the LEAPS buyers.
- For the traders, it is best to stay patient for now. If BA does attempt to make an immediate reversal, A reclaim of the first resistance level above at 191.75 and 194.05 would be the safer starting point, Or for the impatient, you can trade the highs and lows of the current range between the current support and resistance.
Nice opportunity for a buy for BA!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
BA setting up for a swing long?i know BA has been hammered with news and failures in the planes. watching both ways but over all a good bounce back into the 200's is what i see. no clue on the time frame. prob a quarter or so im sure. witching day to witching day maybe? time shall tell
Boeing to complete symmetrical W 145 -> 230 -> 80 -> 500+Boeing is at the confirmation point of a double top and the existing pattern is very closely following the overall structure symmetrically. I would expect to see this continue.
Boeing stock will find buyers soonBoeing stock should bottom at around $163 and the rally will be immense. Add this stock to your watchlist.
Boeing (BA) Elliott Wave View: Impulse Lower Suggest More DownsiBoeing ticker symbol: BA ended a corrective cycle in January 24 at 217.59 high and we labeled as wave (B). Then the stock continued lower forming an impulse structure. Down from 24.01.2024 high, wave 1 ended at 198.32 low and bounce in wave 2 finished at 215.03 high. The market resumes lower in wave ((i)) ending at 197.15 low. Pullback in wave ((ii)) higher did a zigzag Elliott Wave structure ending at 208.10 high.
Boeing resumed to the downside in wave ((iii)) that is still in progress. Down from wave ((ii)) in lesser degree, wave i ended at 202.51 and wave ii pullback ended at 206.62. The stock resumes lower in wave iii towards 199.03 and bounce in wave iv ended at 204.15. Last wave v ended at 196.92 which completed wave (i) as a ending diagonal. Rally from 196.92 low ended at 203.80 and also wave (ii) correction. Then, the market drop strongly ended wave (iii) at 182.19 and small bounce to 185.97 end wave (iv) correction. Currently, we are expecting to complete wave (v) and also wave ((iii)) lower where market should react higher in correction as wave ((iv)) before resuming to the downside in wave ((v)) of 3.
$BA Short ideaWith the recent bearish news on NYSE:BA we can look for a support break at $200 and take it short. Boeing in showing weakness in al technical and fundamental indicators.
Long $190 off 50% retrace and long-term channel1. We have a gap hanging out on the chart at the $197 level, which has yet to fill.
2. 50% retrace from the lows in June 2022 ~$192
3. long-term channel just under the retrace
What do you think?
BA Long. FIB Retracement and EarningsBA has respected the $200 support level twice in the past 2 weeks. This is also in the golden pocket fib retracement from it's last run. Earnings are this Wednesday, so you could enter .5 position now and then the rest afterwards. Stop is below the last wick past 200 and target would be around 240. Would scale some out here and let some ride if the trend is still bullish into spring. MACD momentum building to be bullish.
BA Option PlayEvery time price dips into $200, bulls push BA into the $210 range within 5 trading days. I have set an alert to buy the most appropriate option once my trigger hits $200.30
$BA The Clipped Wing StoryNYSE:BA has a lot going on right now with the suspicious death of the Boeing whistleblower and the Massive lawsuits over the Alaska Airlines blowout. All these things aside, BA is a tricky stock, always going for the Shakeout Breakout at some point to remove all the weak hands. Circled in the image is a prime location for a long where price could bounce on support, a common trend line and the moving average. 1st Target 150 if the current trend breaks. 120 for a wickout bottom if the target breaks.
