BA earnings 1/25BA December 2022 Q4 earnings are on Wednesday 1/25 at 7:30am. Boeing (BA) reported Q3 September 2022 earnings loss of $6.18 per share on revenue of $16 billion. The consensus estimate was a loss of $0.01 per share on revenue of $18.9 billion. Revenue grew 4.4% on a year-over-year basis. I'm posting this as a short because of the current technical setup entry point. BA is near S3 on SMA20 Triangular Trend Channel ATR(beta) and piRSI has been overbought for almost a month. All it would take is bad news overnight for BA to drop significantly in extended hours, plus there's little upside reward left. Here's BA levels on the 1-day chart:
Q4 December 2022 consensus:
EPS = $0.39
Revenue = $19.61B
SMA200 = $156
SMA20 Triangular Trend Channel ATR(beta):
top = $216
R3 = $207
R2 = $198
R1 = $189
pivot = $180
S1 = $171
S2 = $162
S3 = $153
bottom = $144
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
BBMC - bollinger bands
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
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