BCO trade ideas
Boeing Trading Idea- Long-Term : My fundamental outlook for the Aerospace and Defense sub-industry over the next 12 months is neutral. I expect fairly modest growth in U.S. defense spending for healthy earnings growth for defense companies. With no major military drawdown on the horizon, i see low risk of defense spending cuts over the next five years.
It will take at least another year for demand for commercial aircraft to return to pre-pandemic levels. In my view, the slowdown in demand will likely extend into 2022. The pandemic has inevitably devastated sub-industry airline customers, with passenger numbers still 25% below pre-pandemic levels at the end of May 2021. I believe Boeing is well positioned to benefit from healthy demand in the defense, space and security segment, while commercial airplanes and global services will benefit from a gradual recovery as Covid-19 vaccinations increase and the economy reopens.
- Short-Term : Bullish as the chart can show but just a special attention and a thing to keep in mind with the huricanes season who maybe can impact the aerospace industry in a short term view but by the way maybe will permits to take a well position
BaCould be descending traingle. Only 1 tape at lower support so far. Could be headed down to tap once or twice more. Breakout should come by dexember 22nd if this plays out bullishly
Lower support 192. Breakout target 300$
BA Should Move Higher Here Boeing just reported its first profitable quarter in 6 quarters, we should continue to see Boeing report profitable quarters given the emergence of air travel that has taken place over the past couple months. Also, if your an investor that is worried about a slow bounce back in travel due to the delta variant, you should take comfort in the fact that 40% of boeing's revenue its defense business which has held strong during the entire pandemic.On Friday after the market was closed Boeing was awarded a $487m contract from the US Army for Apache AH-64 engineering services and technical support.
BA trend reversalBA is in a bullish flag formation. Maybe not today but tomorrow or the next if it would to pass 223 It could be a good long. The bollinger bands still need to tighten and the RSI needs to be stronger.
Trading Plan on Boeing, 101 explanation.Hello guys! today we will analyze BA. We are planning on developing a setup here, and we want to explain the full idea.
The first thing we should see is the big picture: We have a broken descending trendline with a massive corrective pattern on the edge of it. If you check the logarithmic chart on the weekly timeframe, you can see that this situation has happened a lot of times in the past
Based on the research we made, one of the ways of trade this situation is waiting for the breakout of the big correction on the edge of the descending trendline and look for a smaller correction to trade. This provides us with a big risk-reward ratio that also allows us to fail many times until we hit the correct setup. Based on historical data, this setup has a success rate of around 55% and an average risk-reward ratio above 3, which is something PHENOMENAL!
The target we will be using is the higher part of the expanding channel.
What happens if the setup nothing happens? Beautiful answer for that: You don't trade
What happens if the price executes the setup and then it goes straight to the stop loss area? Another beautiful answer for that: you lose 1%, no one has died because of that.
Thanks for reading, guys! If you have any doubt about this or any vision you want to share, just write it in the comment box. Have a good one.
BA - Are we in an uptrend? Our algo trading software found BA as a current opportunity. Let's see what happens
Found as an opportunity at traders-paradise.com
$BA | WEEKLY WATCHLIST (Update)Just a quick update since my post on Sunday. Held my level perfectly and looking for targets shown above! Congrats if you played the bottom.
Boeing stock analysis. $BA box inception Today I am going to show you implementation of my boxes trading strategy on NYSE:BA stock price movement.
Boeing stock price has been extremely volatile since the COVID crash.
Let's take a look at it's last 6 month price movement.
1. Price bounced from long-term support and found a new demand at 205.
2. Price reached 278 and got rejected from a strong resistance. Thus, big box was formed at respective supply and demand levels.
3. Price dropped and could not get past 258 level during the span of the next 4 months. At the same time demand was found at 220 level, forming anoter box.
4. Breakout of the box downward led to return to the original 205 demand level in the bigger box, which happened to be at the long-term support line as well. That's a strong level.
5. Price soared all the way to 240 and rejected to form another smaller box.
September action will be crucial for determining further stock direction.
Watch for trend line breakouts as they are coming closer.
If the long-term support does not hold - we move lower to the box demand. If that does not hold either, we move lower to another long-term trend line.
If the price breaks through the smaller box supply and resistance trend line, we move higher to the big box supply of 278.
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
Long $BAI'm looking at a short correction in the short term, if the stock doesn't bounce from june's 8th 2020 local top. Around 220 if the correction follows.
Once broken the above resistance, I'm looking at 245, 260 and 280 (before november)
TrendyTrades: BA Going Up! (Bullish Analysis)BA closed nicely on a key fib level with a bullish harami leading me to believe BA will push up towards 220 for a retest of trend.
$BA Short Term EW Analysis$BA Short Term EW Analysis shows a price up in short term and bearish pattern for couple weeks period.
$BA | WEEKLY WATCHLISTThis has been swinging around and consolidating since March, very frustrating. However, I believe there is some light ahead of us. Patience is key for this one and will pay off. Sitting on major trend line support and expecting a bounce. Conservative target zone marked around $237-241. Next target above is around $264.
BA - wave theory - should see 3 waves to upsideNeed to hold July low, if that breaks this count is invalid. Near weekly uptrend support, should see 3 waves to the upside. MACD starting to curl
BA: Watch for the bounce backAs we had more and more bad news and fast-growing covid cases there was a general downtrend beginning from March. Now we are getting to good levels of support to buy.
That’s my trading setup
1. Buy: 204.83
Stop loss: 203.23 (-0.74%)
First Target: 220.69 (+7.68%)
Second Target: 230.49 (+14.49%)
2. Buy: 192.53
Stop loss: 191.07 (-0.70%)
First Target: 204.83 (+7.09%)
Second Target: 220.69 (+15.43%)
I think it is more likely that we see a bounce back at 204$ range. We have the opportunity of a double bottom, have support of the 400 SMA (orange) where we often saw great support (green marked). Daily RSI is oversold (bullish), MACD is pretty neutral.
At the second buy we reach the bottom of the parallel downtrend line to bounce up and double bottom with the strong support of 192.49$.
$BAIt’s always good to look at the higher timeframes, Boeing still in a uptrend on the daily/weekly charts.
Might be a good time to put this on your watchlist in case of a break of trend or reversal.
- Factor Four
UPDATE on Boeing! Price to important level!Hello everyone!
On my last analysis I initiate a short position, check this link:
Now, I come with the update:
- The price is at the last low point and in the 50 Fibo level, I am thinking to close 50% of my trade and leave the rest in market!
- My other 50% position left in market i will secure because we already sell from price 235 and I am looking for Fibo 61.8 - 66 Level, at price 195 - 189 because we have an important psychological level near (200).
If you want to go more deep, you can go for 100% of the Head and Shoulders patter at price 175.
Enjoy and have a great weekend!
Boeing's landing gear is out $BA Boeing seems to be in the aftermath of a rising wedge break which will likely look for support around the point of control.
The volume profile used should support that at 172.30.
Afterward, I would expect Boeing to be buy again but I am hesitant to assume how deep the rising wedge retrace will be.
BA bear flagclosed below primary trendline for the first time.
fell below 212 fib support
Today's close will be conformation
Yellow lines - Bear flag
White lines - downtrend
First target 195 support of downtrend..
NCLH has similar chart.
My opinion, big institutions are dumping this ahead of travel restrictions this fall and winter.. Look at the drop in volume. nobody is buying travel and airline stocks
BA @ bottom of rangeLooks like BA is gonna bounce off the -2SD line again and go back to the +2 SD line for a PT of $300
