BABought a starter today. Assuming larger waves 1-2 ready (wave 2 as a flat, although, with a very impulsive-looking waves A and B :))
Price is starting to print the first impulse up
BCO trade ideas
Bad landing but ready for a new flight from 190/192$Boeing price is dropping very quickly and will reach target near 190$ soon (lower channel border)
At 190$ i think it will start to recover
If bad news & problems continues and price close below 176$ long term bullish trend will end
BA - The big pictureBoeing has been under scrutiny for a few years now for good reason. Investors are more exhausted than ever as price action fails to keep up with the rest of the market, and with no dividends there seems to be little reason to hold onto the stock. However, when considering the fact that Boeing has been a key stable in US aerospace/defense and commercial applications since the 1970's, and has also faced and survived scares in the past, it may be pertinent to look for counter-trend optimism. In the short term, I believe a retest of the 300 week around the $130 level is still in the cards, and we are currently up against the 200 week after a failed break, and a second failure may be too much for short term holders to handle. The prevailing long term trend though for the stock looks to be business as usual, and unless we break below the 300 week I see no reason to think otherwise.
In summary, I will look for an entry with either a successful break/flipped support of the 200 week, or a retest at the 300 week which has historically been a strong support even in the worst conditions.
Are we ready for take off? Entry above 176This stock is showing a sign of strenght after long period of decline. I´m suggesting to enter long when the first 4H candle close above 176 and target 186 as a first step (partial close and set SL to BE) and then final target around 218. Don´t enter earlier, because I think stock market will pullback at the beginning of next week. Wish you good luck.
"Profit-taking point on the upward trend.""Opening price entry point And Take Profit"
"Investors should understand the nature of the product, return conditions, and risks before making investment decisions."
Crazy dv on #BA found footing in dropbox. $BA #BoeingOriginally posted on May 30:
Small dv in rsi (bb->ma (with tweak)). DM +- pulling to centre and adx at positive level (target zone tested x2 + a db).
Possible long from this point. Further confirm: Running further analysis, and checking fundamentals...
(This was posted ("not on TW") may 30. for a swing trade in a newly formed range based on a shorter timeframe. Will paste this picture below. But also when zooming out we are possible looking at a bigger move currently in the making)
Update: June 06. Boeing Starliner launches, taking NASA astronauts to ISS.
"The Boeing Starliner successfully launched from the Cape Canaveral Space Force Station in Florida. The Starliner is taking two NASA astronauts, Butch Wilmore and Suni Williams, to the International Space Station. The mission is expected to last about 10 days".
Eyes on the performance of Boeing in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.82
While still wating for further confirmation I remain neutral on BA for now but with a good bullish outlook. (Would like to see a retest of the 114 level)
i.wish $BA doesn't close above $195 this Friday 06/07
1. **Boeing's Starliner Launches First Astronaut-Crewed Flight:**
- Boeing's Starliner capsule successfully launched its first astronaut-crewed flight to the International Space Station (ISS) after several delays. The liftoff occurred from the Cape Canaveral Space Force Station in Florida.
- This mission, called the Crew Flight Test, could pave the way for NASA to use Starliner for routine operations, providing an additional option alongside SpaceX's Dragon and Russian Soyuz spacecraft.
2. **Boeing Faces Pressure from Whistleblowers:**
- Boeing whistleblowers continue to speak out as the FAA steps up pressure following airborne incidents and the deaths of two quality control inspectors.
ResistanceThe signal from BA stock is currently indicating resistance at 196.94. You can continue to monitor it.
*Investors should understand the nature of the product, return conditions, and risks before making investment decisions."
Levels to manage risks/rewards when trading $BAHere’s a summary of Boeing-related news from this week:
Boeing Firefighters’ Contract Ratified:
Boeing’s private firefighters have approved a new contract, ending a three-week lockout. The contract includes significant raises for the firefighters.
Space Launches by Boeing and SpaceX:
Boeing and SpaceX are both preparing for high-stakes space flights:
Boeing’s Starliner capsule will attempt to launch two NASA astronauts to the International Space Station (ISS) for the third time. Liftoff is scheduled from Florida’s Cape Canaveral Space Force Station.
Trading Boeing Stock Following the Near-Term Double Top PatternThe Boeing Company (BA) stock has recently formed a noteworthy technical pattern that could signal a potential trend reversal. The pattern, known as a double top, occurs when a stock attempts to break through a resistance level, fails, and then tries again unsuccessfully. This often indicates that the stock may be losing upward momentum and could be poised for a downward move.
NYSE:BA
On Boeing's chart, we can observe a clear double top formation around the $178-$179 price level. The stock reached this level in late May, pulled back, and then rallied again to the same level in early June. However, on both occasions, Boeing failed to break through this resistance and was sharply rejected, suggesting that sellers are stepping in at these prices.
What's particularly significant about Boeing's double top is the price action that followed the second failed breakout attempt. The stock not only reversed lower, but it also decisively broke below several key support levels, including the previous support at $175 and the 50-day moving average. This breakdown reinforces the bearish implications of the double top pattern.
Other technical indicators are aligning with the bearish outlook suggested by the double top. The Relative Strength Index (RSI), which was approaching overbought territory near the peaks of the double top, has now turned lower, indicating waning bullish momentum.
Given these technical signals, traders might consider setting up a short trade in Boeing to profit from potential further downside. The well-defined double top pattern and subsequent breakdown provide a clear entry point for such a trade. If the stock continues to trend lower as the pattern suggests, the next significant support level around $173 could serve as a reasonable profit target. To manage risk, a stop loss could be placed just above the top of the pattern, allowing the trade to be exited with a small loss if Boeing unexpectedly reverses higher.
BA (Boeing)Pennant here forming at the bottom of a larger megaphone... Breakout coming in the next week it seems.
200.00 first or 200sma... Over that and 217 comes next
Boeing going down!Boeing failed more than one third of the FAA audits for the MAX, the failures are systemic and the entire board and senior management team needs to be replaced. Add a launch failure and this stock will be toast Monday morning. My prediction is it opens around $165, drop to $142 and it may find some support. This could go as low as $121.
BA/SPX: STILL VALUEThought I would give an update. I have done nothing but buy $NYSE:BA. It remains historically undervalued. I just saw some Apache helicopters today, Airbus doesn't have those. These foolish "investors" are selling a staple of American tourism and the American war machine. I will buy as much as possible.
Buy low, sell high.
Will update in a few months.
Long NYSE:BA
Resistance And RSIThe profit direction of BA stocks can be determined by looking at resistance levels and the RSI indicator.
Boeing BA ready to move in either directionBoeing reached at it's RESISTANCE which also can turn into SUPPORT. From here, it can go in either direction. Next day or two will determine it's direction. Keep an eye and take the trade alongwith...It can hit it's target by May end or sooner.
Boeing Could Be in DescentBoeing has been falling since the beginning of the year, and now some traders may expect the downward trend to continue.
The first pattern on today’s chart is $183.14, a weekly close from April 5. BA challenged that level on May 6 and 14, but each time closed below it. That may suggest that resistance is forming.
Next you have the large bearish outside candle on May 6. Prices have remained entirely within that range since. Could this neutral period be followed by downside movement?
Third prices are stuck below the falling 50-day simple moving average, which may confirm a bearish trend.
Finally, stochastics have been overbought. A dip from here could signal a potential top.
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Boeing Under Pressure From DOJ For Breach Of 737 MAX Crash DealBoeing ( NYSE:BA ) has breached an agreement with the Justice Department over the 737 Max crashes that killed 346 people in 2018 and 2019, potentially leading to prosecution. The 2021 Deferred Prosecution Agreement (DPA) meant Boeing ( NYSE:BA ) didn't face charges related to the deaths of 346 people in two 737 Max 8 crashes in 2018 and 2019. Boeing ( NYSE:BA ) paid $2.5 billion and promised to strengthen its compliance program. The DPA expired just two days after the Alaska Airlines blowout, which renewed scrutiny of Boeing's quality-control processes. Safety investigators said the 737 Max involved had left Boeing's factory missing key bolts.
The Justice Department said Boeing ( NYSE:BA ) violated the DPA by failing to design, implement, and enforce a compliance and ethics program to prevent and detect violations of US fraud laws throughout its operations. Boeing has until June 13 to respond to the DOJ, and the DOJ is continuing to meet with the families of victims of the 2018 and 2019 crashes to determine whether to bring charges against Boeing. The DOJ will decide whether to prosecute Boeing by July 7. Boeing 0.0% may face fraud charges for violating the terms of its 2021 Deferred Prosecution Agreement with the Department of Justice following the Lion Air Flight 610 and Ethiopian Airlines Flight 302 737 MAX crashes.
Boeing ( NYSE:BA ) has been charged with fraud following the 737 MAX crashes, which occurred in 2021. The company admitted to deceiving the FAA AEG about the Maneuvering Characteristics Augmentation System (MCAS) and its impact on flight control systems. The Department of Justice (DOJ) stated that a key document published by the FAA AEG lacked information about MCAS, leading to the lack of information in airplane manuals and pilot-training materials for US-based airlines.
Victims' families have criticized the deal as too lenient, while Senators have also questioned it during recent Boeing whistleblower hearings. Senator Johnson argued that this was an overt act, and nobody has been held accountable. Boeing ultimately agreed to pay $2.5 billion to defer prosecution, with the DPA providing for a $500 million crash-victim beneficiaries fund to compensate the heirs, relatives, and legal beneficiaries of the 346 passengers who died in the crashes.
Despite admitting facts but pledging not guilty, Boeing pled not guilty to the charges at an arraignment on January 26, 2023. The United States Court of Appeals for the Fifth Circuit published its decision against revising Boeing's DPA on December 15, 2023, but decided the court had ongoing Crime Victims' Rights Act responsibility.
The DOJ argues that it is still in time to prosecute Boeing for a violation of the terms of the DPA and to continue investigating Boeing compliance. The DOJ does not reference the Alaska Airlines door plug blowout in its letter to the court.
$BA - Watch that trendlineI still think Boeing needs to check back on that trendline around $148. I am not a buyer here. There are so many more shoes to drop with Boeing.
Support Resistance & RSI"Points to enter buying JPM stocks at each upward and downward trend, and profit-taking points can be analyzed and tracked."
BA More Whistle BlowersBoeing is down over 11% YoY and continues to respect this bearish channel. There are now 10 whistle blowers, with 2 being dead. I expect this to reverse Monday. When it does, go short.
