Boeing BANotable Gaps on NYSE:BA for reference.
After news pre market sell off can continue. great entry below 200 but we don't get there today.
BA trade ideas
$BA in key level NYSE:BA is having a tough time but that happened in the past.
Key level $229. Next $221 and $213.
Everyone wants to short this, so let's pay attention. Maybe going against the crowd if the price action suggests so.
$BA Fibonacci Re-tracement SupportThe phrase " NYSE:BA Fibonacci re-tracement support" suggests that technical analysis using Fibonacci retracement levels is being applied to Boeing's stock ( NYSE:BA ). Fibonacci retracement is a tool used by traders and analysts to identify potential levels of support or resistance in a financial instrument's price movement.
In this context:
- " NYSE:BA " represents Boeing's stock ticker symbol.
- "Fibonacci retracement" refers to a method of technical analysis that involves plotting horizontal lines on a chart to identify potential levels where the price may experience support or resistance based on key Fibonacci levels (e.g., 38.2%, 50%, 61.8%).
Therefore, " NYSE:BA Fibonacci retracement support" implies that analysts are looking at the Boeing stock chart and identifying specific Fibonacci retracement levels that might act as support for the stock's price. These levels could be considered potential buying points or areas where the stock might find stability after a price decline.
Keep in mind that technical analysis, including Fibonacci retracement, is just one tool among many used by traders and investors. It's important to consider various indicators and perform a comprehensive analysis before making any trading decisions.
BA may experience more downside after resisted by 50% FiboSince October 2023, BA experienced a positive trend, reaching the 50% Fibonacci resistance level on the weekly chart. Last week, the Relative Strength Index (RSI) indicated oversold conditions, showing a downward turn.
However, the recent news of the FAA grounding over 170 Boeing 737 Max 9s, following an incident where a section of an Alaska Airlines plane blew out, could potentially amplify the downside for BA in the upcoming weeks. Caution is advised.
Key levels to watch:
Resistance: $273
Support: $231 / $200
Boeing's 737 Max Woes Deepen: A Gaping Hole Raises New Concern
Boeing, the aviation giant, is once again under intense scrutiny as its best-selling plane, the 737 Max, faces fresh safety concerns. The recent incident involving an Alaska Airlines jetliner, where a gaping hole appeared mid-flight, has prompted federal officials to issue a temporary grounding of some Boeing 737 Max planes. This emergency order by the Federal Aviation Administration (FAA) affects approximately 171 planes globally, dealing another blow to Boeing's beleaguered Max lineup.
The Incident:
On Friday, an Alaska Airlines Boeing 737 Max 9 experienced a terrifying mid-air incident, with a window panel blowing out just seven minutes after takeoff from Portland, Oregon. The sudden loss of cabin pressure resulted in oxygen masks dropping, and a child's clothes being pulled off due to the rapid decompression. Despite the harrowing ordeal, the pilots managed a safe emergency landing, and all 171 passengers and six crew members emerged unharmed.
Grounding and Inspections:
In response to the incident, the FAA mandated immediate inspections of Max 9 planes operated by U.S. airlines or flown in the United States by foreign carriers. Alaska Airlines swiftly grounded its entire fleet of 65 Max 9s for inspections and maintenance, causing disruptions to its schedule. United Airlines, which inspected 33 of its 79 Max 9s, reported around 60 canceled flights due to the grounding.
Potential Impact on Boeing:
The extent of the damage to Boeing's reputation and brand hinges on the outcome of investigations into the cause of the blowout. If the incident is linked to a manufacturing issue, Boeing may face increased pressure to revamp its processes, potentially slowing down the delivery of new planes.
This incident comes on the heels of the Max lineup's troubled history, with two deadly crashes in 2018 and 2019 leading to a global grounding for nearly two years. Boeing's rush to get the Max approved quickly and questions about safety procedures resulted in a $2.5 billion settlement with federal prosecutors in 2021.
Ongoing Challenges for Boeing:
Boeing has estimated that fallout from the previous crashes has cost the company over $20 billion. Despite settling with most families of crash victims, the Max has faced additional challenges, from delays due to supplier issues to concerns about the anti-ice system and loose bolts in the rudder-control system.
Conclusion:
Boeing finds itself at a critical juncture once again, grappling with renewed safety concerns surrounding its 737 Max planes. The company's response to the investigation findings and the corrective measures it implements will significantly impact its reputation and future sales. As aviation authorities delve into the incident, the broader aerospace industry watches closely, mindful of the potential ripple effects on Boeing's standing as a leader in commercial aviation.
I'm betting that Boeing can reach $600 in 3 yearsFinancial engineering is the use of mathematical techniques to solve financial problems. Financial engineering uses tools and knowledge from the fields of computer science, statistics, economics, and applied mathematics to address current financial issues as well as to devise new and innovative financial products.
Financial engineering is sometimes referred to as quantitative analysis and is used by regular commercial banks, investment banks, insurance agencies, and hedge funds.
I'm betting that Boeing will implement a financial engineering trick!
BOEINGBoeing is a company familiar to all of us and investors have had a mixed relationship with the stock due to safety concerns. Yesterday there was a report that service centers should look out for a potential lose bolt.
Boeing is a solid company, with a diverse portfolio. Apart from the quality issues that can be rectified moving forward, we see a lot of potential in the company.
We will be adding Boeing to our portfolio if it drops to the 120-month moving average. The current price is still discounted from its 2019 support price.
Boeing (BA) Pullback Structure Looks CorrectiveShort Term Elliott Wave View in Boeing (BA) suggests rally from 10.27.2023 low is in progress as a 5 waves impulse. Up from 10.27.2023 low, wave 1 ended at 197.14 and pullback in wave 2 ended at 189.57. The stock then resumed higher in wave 3. Up from wave 2, wave ((i)) ended at 211.09 and pullback in wave ((ii)) ended at 204.81. Boeing then extended higher in wave ((iii)) towards 239.23 and dips in wave ((iv)) ended at 230. Final leg wave ((v)) higher ended at 267.54 which completed wave 3. The 30 minutes chart below shows the rally from wave ((iv)).
Wave 4 pullback is proposed complete at 257.68. Internal subdivision of wave 4 unfolded as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 260.19 and wave (b) ended at 262.84. Wave (c) of ((w)) ended at 259.12. Rally in wave ((x)) ended at 264.66. Wave ((y)) lower ended at 257.68 which completed wave 4. Internal subdivision of wave ((y)) unfolded as a zigzag structure. Down from wave ((x)), wave (a) ended at 260.42 and wave (b) ended at 262.51. Wave (c) lower ended at 257.68 which completed wave ((y)) of 4. Near term, as far as pivot at 230.01 low stays intact, expect dips to find support in 3 ,7, or 11 swing for further upside.
Boeing: Week of Dec 18Boeing has just been a beast, straight up.
Short interest uptick last week but they got destroyed, as most shorts do in this day and age haha.
I see its kind of tapered off a bit. Perhaps next week we can actually see pullback.
There isn't a lot of volume up here:
So we could actually see a move back to 252 range as pullback and then continue up.
That said, I am and will always be bullish on BA, so buy the dip .... at your own risk ;).
I foresee BA retracing previous highs. It's fundamental and the fact that it is essentially an oligopoly with Airbus and Embraer is finally catching on to investors.
Safe trades!
BO - BULLISH CONTINUATIONA recent Jefferies report notes Boeing's (NYSE: BA) China Southern MAX-8 undergoing a customer acceptance flight, signaling a potential restart of MAX deliveries to China. This specific aircraft, relocated from MWH to BFI in August, has completed five test flights, hinting at a critical step before final delivery. Analysts highlight Boeing's 85 Chinese MAXs in inventory (out of 250) and 118 in unfilled orders, suggesting potential growth, excluding China from the 50/mo rate and $10BB FCF targets in 2025/2026.
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Another Example of an RSI Can Stay OverboughtAs seen in BA, an overbought RSI can stay overbought. For swing shorting, I like to wait until the stock crosses under the daily ATR trailing stop, even if it means missing the beginning of the move.
Boeing: Week of December 11thBullish /Bearish conditions in the chart.
Tough one next week with the fundamentals, though for actual equities FOMC rate decisions and CPI don't have the same effect on individual tickers as it does on the indices. The reaction generally is more tame and may only derail a ticker momentarily or serve as a catalyst to bring it to where it wants to go.
In terms of the probability, its pretty mixed. Momentum is on the bullish side (with around 73% accuracy on BA) and Neutral probs based on Standard Deviation is on the bearish side (with 75% accuracy).
(This also can signal that we will hit both targets, like we did last week with BA where it went for the lows first then catapulted from PL1 to PH3).
We can see that price accumulation, by standard deviation, actually rests towards the low targets. BA has indeed been straight up but we will see what happens.
At the end of the day, let the PA do the talking. Watch for conditional breaks.
Safe trades everyone!
Boing H4 - 13.12.23We anticipate a decline in Boeing stock, which we believe completed the Elliott 5th wave with 8 weeks of continuous ascent. Initially, we expect a drop to $230, and if this level is breached, we anticipate a decline to $222, corresponding to the 38.2% level.
BA8 straight weeks up..
Daily RSI is hi fiving pluto. Still volume is strong and no reversal candle has been shown..
I think BA will correct along With DJI in the coming days back to 230 minimum.
Daily RSI along with candles are both at resistance
Boeing Stairsteps for Swing TradingNYSE:BA has the most powerful and longest momentum run of all of the 30 Dow components. The company reports earnings on January 24th and the run up implies that the 4th quarter is likely to be better than previous quarters in 2023.
This stock has moved strongly since the bottom in November and has been able to pattern out some of the speculation with stairsteps to keep the run moving upward beyond the resistance level of its range trend.
Some of this movement upward is ETF developers building more ETF units for certain industries and corporations.
Profit-taking is likely soon for this swing trade as it nears the long-term resistance at the 2021 highs. However, there is now support from the range of the August highs.
BA - Ascending Triagle [MID-TERM]💡 RSI: 94 Strong
💡 Risk: Medium
✅ Resistance: 267
✅ Support: 238
PERFORMANCE
🟢 ST: POSITIVE
🟢 MT: POSITIVE
🟢 LT: POSITIVE
*ST: Short-term | MT: Mid-term | LT: Long-term
Verify it first and believe later.
WavePoint ❤️
BA: First week of November I decided to just highlight the standard deviation/accumulation ranges with the rectangles.
Based on this, we may see a pullback into next week, but not likely to see a move to the bottom of the range.
Bias is still to the upside for me personally on BA and I think it will follow the rest of the market if we go up.
I have been holding BA shares and slowly adding through this year and will continue to do so on pullbacks.
Safe trades!
Note:
I will continue to update this idea with intra-day levels for BA throughout the week.
So feel free to follow along if you are a BA day trader :-).
BoeingHello friends
In the Boeing share, we see a full 5 waves.
After these 5 waves, we see a clear 5 micro wave.
These 5 waves can only be seen in zigzags that have a 5-3-5 structure.
So we expected a 3-wave up which happened.
And considering that 78.6% of these 5 micro-waves have been corrected, we expect the price to drop.
At the same time, a hidden divergence is also observed.
The price target is $175 and then $163.
Be successful and profitable.
BA Bottom Is In...I Think...113ish is our long term support. We have bounced there many times. Green downtrend channels pre covid til now is being broken out of. I expect one small pull back on or around rate hike day. Then Go Long!!!!
BA: Dec 1st As NASDAQ:NVDA and NYSE:BA have been my go tos this week, going to share the intra-day levels and plan for tomorrow.
Threshold break to the upside, target bull tgt #2.
Else to the downside, bear tgt #2.
Pullback is possible leading into tomorrow but generally the outlook for BA is positive and we should continue to see upward movement.
I will post an actual weekly outlook on BA for next week.
Safe trades!
BoeingHello friends
In Boeing's share, a 5 wave of the main cycle has been completed.
We expected a correction, which has been achieved.
Wave A of correction is completed as a 5-wave.
We expected a 3-wave pattern in a zigzag pattern, which did not materialize.
Currently, a 5th wave has been formed, which is a micro wave of wave B, and divergence has been identified in it.
Probably, wave B is a complex, so the 5 formed micro waves are probably wave A from wave B, which should be a zigzag or flat.
Therefore, we expect a 3-wave in the form of wave B from B and then a 5-wave in the form of wave C.
Fibonacci ratio of 61.8 correction and static resistance drawn at $222 and completion of 5 micro-waves and price gap and triple divergence are confirmations to enter the sell position.
Therefore, by breaking the upward trend line, you can enter the sell position.
The price target is $175.
Be successful and profitable.
