Get started
Boeing Co (Extended Hours)Boeing Co (Extended Hours)Boeing Co (Extended Hours)

Boeing Co (Extended Hours)

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

BA trade ideas

Boeing Green lines - Support No matter the good news this company gets it can break above that downtrend initiated since March 2019. On this weekly chart you can see it bounced of supporting trendline here at 194. It's starting to look like Boeing wants to close that gap at 160 down below. The new lockdowns they are imposing won't do any help here. But let's put the covid scare to side and just look at that down trend, even before this week's sell I think we were headed lower anyways. I highlighted the next strong supports in green. if we drop below 192 support it's almost certain 160 gap close is in the cards. 173.25 is a fibonacci support level and that would be my first target should we drop below 192. Bullish case? Oversold on weekly and daily Bollingerbands which could provide for a temporary relief bounce back up to Daily fibonacci resistance at 210 then the infamous downtrend around 220. Side note doesn't this look like one big bear pennant? Scary if it is I think the travel levels that we saw pre pandemic we wont be seeing for another few years and that has to affect Boeings bottom line if it effects the airlines..
NYSE:BAShort
by ContraryTrader
4
$BA - At lower trend line. Can it hold?BA had a false breakout from a descending triangle. Now resting on the lower trend line. If the price break above the upper trend line, we could see $256. If we breakdown from the lower trend line $191 is expected. Target 1 - $233 Target 2 - $241 Target 3 - $256 Risk - Break below $205 towards $191 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NYSE:BALong
by PaperBozz
4
$BA - Will be ready soonBA - should be ready very very soon It is possible that wave 2 bottom is already in- but since the corrective move Friday flushed past the 161.8 - that favors it as a 5 wave impulse down - meaning we will get a corrective bounce up - followed by another flush. I still think all dips on BA with time are a buy. Next move wave 3 takes us to 260, but thata move likely will be on the next SPX leg up. Right now SPX is approaching a wave 1 top - that likely is going to be the dagger that knocks BA down for its last leg down.
NYSE:BA
by btwice53190
1