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Boeing Co (Extended Hours)

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BA trade ideas

BA: Mixed Kicking off the new year with an analysis on my fav stock. BA! New years resolution is to just trade this more. Because its actually so much less dramatic than the rest of the market. So let's get into it: Recap: I did trade this last week, if you followed that idea. My initial TP was 192 and then 196/197. We kind of got halted at 192 and that was the extent of it. The market was quite heavy/range bound last week and that kind of translated over to BA. Not incredibly upset with the trade because no loss was incurred. But kind of disappointed about the lack of momentum. BA is in a really unstable uptrend channel: On the daily you can really see it kind of looks like a wedge type setup. Its interesting, BA formed what would traditionally be a bullish chart setup, but it failed to realize the "break up" move that would be anticipated with this kind of chart pattern. Instead its just sort of grinding higher and higher which makes me suspect it could tank. The pattern I am referring to is here: This is generally a BA specific chart pattern I have observed, but generally the defining characteristic is sort of a wicky type wedge, followed by a break up, a consolidation phase and then a move higher. I have observed this setup quite a few times with BA and so that is what I am eyeing. We also see that, despite the fact BA is succumbing to the market heaviness, it still hasn't managed to break down from its regression uptrend. Analysis: (EDIT ALERT: I used the wrong calculator to calculate the targets (I used SPY's model and not BA's specific model), the revised targets are listed in the analysis but just know that the targets displayed in the actual chart (the purple and yellow lines) are not accurate to the cents. Those targets are listed below in this analysis section). So what am I targeting for next week? Well, the 99% target within the next 2 days is 191.02. If BA opens Tuesday below this target, I would be inclined to long, looking for it to hold at or above 188.06 If BA opens above that on Tuesday, I would be inclined to short it down to this level, and look for it reject at or below 193.98. Probabilities on the momentum side are pretty 50/50. On an individual basis (looking at each technical probability in isolation and calculating the cumulative probability), there is a favoring of upside. However, in totality (looking at identical setups historically), it is really 50:50. Thus, I wouldn't necessarily be afraid to short, or long this, depending on the setup that presents itself. My reference point going into Tuesday is that 191 target. We will also have the weekly 99% target on open on Tuesday as well as the swing ranges (the ranges you see in the chart from the indicator BA Swing Model). BA is reverting back to its slow moving ways, which makes it a great candidate as a set it and forget it type trade, waiting for the target to be realized within the next 1 to 2 days. My thoughts as of now! As always, trade safe and leave your questions/comments below!
NYSE:BA
by Steversteves
8
BOEING - BULLISH SCENARIOOver the last year, a good number of insiders have significantly increased their holdings in The Boeing Company. The biggest single purchase by an insider was when President David Calhoun bought US$4.0m worth of shares at a price of US$160 per share. This is encouraging because it indicates that insiders are more optimistic about the company's prospects. Also, BA is expected to deliver year-over-year earnings growth of 131.72% to $2.78/share in 2023. Revenues are projected to increase by 24.34% to $81.66 billion. The next resistance located at 0.618 Fibbo or $ 215 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:BALong
by legacyFXofficial
BA: Hello again Old FriendI have been sort of ignoring BA for a while. But in looking through charts this evening and seeing if anything would be worth swinging this upcoming week, BA sure topped the charts. So let me get into what I am seeing and what I will potentially be swinging this upcoming week. BA has established a fairly strong uptrend on the hourly and daily. Plotting this uptrend out mathmatically gives us the following price targets for next week: 197 (when plotted on the hourly) 196 (when plotted on the daily) Probability model on BA gives 196 TP for next week. The third monthly bull target is just over 197. A lot of 196s/197s showing up here. Technicals: BA has been increasingly seeing higher highs and has been conssitently jumping off its DSL 75 line: You can also see on the Buyer to Seller Volume indicator, that buyers are very much still in control and, so far, maintaining on and/or above the volume SMA (yellow line). Plan: To probably swing this long if the conditions are met. Conditions: If this uptrend is going to be respected, we should see the following: - Buyers maintain above sellers on the hourly chart on Tuesday - BA should make a move to 191/192 on Tuesday - BA must not break out or below the channel or below the 75 DSL line on the hourly on Tuesday If those conditions are met, then I will feel better about swinging this. Otherwise, I will be eyeing it as a day trade for a potential move to 192. My thoughts! Safe trades everyone! And if you are sitting out this week, have great holidays!
NYSE:BA
by Steversteves
15
Boeing, Going Up?Hey folks, From what I see Boeing is setting up for a nice move upwards. There is a double bottom pattern here and has broken the neckline. Currently, price is consolidating. Eventually, the price should break out of this and hit the purple area, which might act as resistance. Interestingly enough, the MA is also hovering near this purple area. But, I expect a 20 plus dollar move (at the least) given this chart pattern. Given that this pattern has been formed on the weekly chart, I expect this move to take place over the next few weeks. Momentum may be slowed due to end of year holidays, lighter trading volumes, and institutions clearing their losses getting ready for the new year. Nevertheless, I expect BA to hit $200 by the end of January. I am not saying that price will end up there by the end of January, it might hit by price target earlier. Don't listen to me. I know enough to know that I know nothing. Do your due diligence. I currently don't have a position yet, but that is why I am posting this now. It is something I saw at today's close and will be looking to get into by the end of this week, if my conditions are met. The price move has not happened yet, so there is still time to get in.
NYSE:BALong
by isaacsalcido3612
1
BA 16 DEC 22 190/195/200 BRKN BUTTERFLYHIGH BASE SETUP: For the last couple weeks BA has been basing and consolidating at the 9 day and on Friday it suhed higher and broke out. The overall market is down today and this is still holding up pretty good. My entry point was determined when BA traded above previous highs and closed above the highs Friday. I didn't want to get in Friday because I wanted to see how today played out. Today's price action solidified my entry. I wanna see this run up to that upward yellow trend line by early next week, and then pull back into the apex of the trade. If this continues higher and doesn't come back down into the apex, I'll just close the entire combo and take profits. If this falls back down below 170, I'll be positioned for max loss and risking a little under 2% of my portfolio. I'll update this in the coming days to see where we're at.
NYSE:BALong
by MMOTA_
Boeing Update | Key Area | Opportunity to Take Profits | NEUTRALI first featured Boeing ($BA) back on May 27th, 2022 as a LONG / buy and hold. Since that call, the trade is up 40%+. Boeing is also at a key area and looks as though it will pull back. Yes it could break out (buy and hold). I personally think Boeing will fail here, how deep - I don't know (we never know), offering a great opportunity to take some profit after a 40% move. For now, I am shifting my outlook from LONG to NEUTRAL for now. Good hunting! 🤑 God Bless!
NYSE:BA
by ChiefMacro
Going Short in Boeing Company BAHello Traders Boeing Company - NYSE. Trade Plan. 1) Short trade 2) Long trade 1) Short / Sell Trade. Entry Level @ 175,70 Take Profit : Above the FIB level 23.6% / 4 Hour Support Zone @ 155.87 Stop Loss at the resistance red line @ 188.27 2) Long Trade Entry point at the 4 Hour support zone with Bullish Candle@ 157.00 Take Profit : Below the Red resistance line @ 205.50 Stop Loss below the 4 Hour support zone @ 152.50 1) Short Trade TP = Total PIPS in gain = 225 Profit 11.76% Total PIPS in Stop loss = 119 Loss 8.09% 2) Long Trade TP = Total PIPS in gain = 4800 Profit 30.50% Total PIPS in Stop loss = 450 Loss 3.16% Regards
NYSE:BAShort
by dilsnqamz
1