BA trade ideas
$BA DAILYIHS on daily playing out, but holding on jan lows, could see a bounce next week but will have to rehold jan lows for continuation of upward trend otherwise we drop further.
Boeing - Picking a BottomBasically, I know nothing about TA. This stock has done this type of thing repeatedly, it wouldn't surprise me if it rises significantly over the next few days. I included a take profit and stop loss rule. I'm not as confident that this stock will be one to rise over the next few weeks as I am of Visa, which is why I have the take profit set to 4%.
The analysis is that buyers of Boeing tend to push it up after it falls to this extent - so I'm long.
BA PRICE PREDICTIONI believe that price will travel on the path of the red line based off of key levels indicated with support and resistance lines. This could happen in a day or may take until mid next week.
$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
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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.
BA Bullish Pattern Long-TermBoeing formed a bullish Gartley pattern.
Wait for breaking the squeeze upwards before getting in.
BA - Is back on the Major Support LevelAfter the fake break out, now is on the major support level .
Next 2 weeks will be the Confirmation if Down or Up.
I will update here if my analysis was wrong or correct.
"TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George Tan
* FAKE BREAK OUT
* PULL BACK
* BREAK OUT OVER THE BREAK OUT
* CAUTION FOR OPENNING NEW POSITION
* MAJOR PATTERN
BA looks more downsideAfter a fake channel breakout, looks like BA might go down more. Next level 206.84 and if it breaks then we can see 191
$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.
BA Weekly Options PlayDescription
BA gapped out of the pattern, a strong signal, and made a nice bullish candle on strong volume.
We'll be looking for this move to continue.
Related idea linked, almost entered on friday, but didn't quite cut it.
Using A call debit spread, because profits are always limited by time.
Call Debit Spread
Levels on Chart
SL is a daily close back in the wedge.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/19 235C
SELL
11/19 255C
R/R & Breakevens vary on fill.
The long call is placed ATM for higher chance of profit,
The short call is placed at a reasonable expected level of price within the expiration time.
The front-week options play is to capitalize on a swift movement following the break.
Manage Risk
Only invest what you are willing to lose
BA breakout but met with resistanceWe saw BA break out of the descending triangle but the move stopped at the 0.382 fib (232.87 ish) and is now resistance. Selling this morning but 226.85 seems to be providing decent support today and yesterday but be aware there is a gap below. In my opinion, this could be basing for the next move up and should hopefully cool down the RSI a bit. So long as 226.85 can be defended, I'd expect another leg up and hopefully more buyers coming in.
BA: Break out alert!Boeing broke out of its descending wedge but it has a tendency of fading its gain over time but with the recent news, there is a high chance of hitting our targets. Keep it on your watch list!
Boeing heading back to support a 200Boeing got rejected Monday at 233 trying to regain its primary trendline. The rest of the week the company spent sending out news of orders to try and reclaim its 200sma but the bears won out. Now it looks like we're headed back to support near 200$
$BA failureAll travel is failing, seeming like a new wave of COVID is putting pressure on all travel for the winter. Sitting out for awhile
BA - Fake break outBA is back within the major pattern.
*TRACK RECORDS
* MAJOR PATTERN
*RESISTANCE & SUPPORT "CAUTION"
* BREAK OUT OVER THE BREAK OUTS
* PULL BACK
"TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George Tan
$BA weekly look updated...If we fail here, I'm looking for a full break down below $200, but on a breakout to the upside, first stop $250, then $270. Will keep updating this chart.
$BA still watching here...I think a play could still be here, watching for another day of consolidation, them maybe tomorrow enter a month out call spread, $250/$270 perhaps
BAWe had our breakout after controlling 219 area. Now currently backtestinf previous resiatnce as support if we lost 222 stonf suppor at 219. I think we bounce here !
ba buywe have break out the pattern and reversal for ba ... first target 251.43.. finally target 270.00
BA - Pull Back ???Good adding position when it returns within the major pattern before the major breaks out.
And when it doesn't go back to the bottom then bounce back to the support level and keeps going up better for those with long term positions.
"TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George Tan
