$BA watching still...No position, but watching for my next entry. I like the hold of the $200 level, couldn't break $210 and hold yet. Will be on watch next week for breaking $210 or falling below $200. Until next week on this one.
4BA trade ideas
$BA rejected so far...So far did not like the $210-$212 range, market weakness today also causing issues. Close out the same week plays, $205 put to cover calls helped out. Will reassess end of week for more long term spreads.
BA - Finally showing some signs of lifeBA, one of my favorite companies (I'll just throw this out there so you can know of some Bias before reading further), if finally showing signs of life and more catalysts on the horizon.
737 Max Approval appears highly likely - although this might prove to be a "sell the news" event after recent price movement, it ultimately will bring the stock higher in the coming months.
COVID Vaccine = more confidence to regain some sort of normalcy as far as air travel - I agree we wont go straight back to where TSA numbers were historically but it's a massive step in the right direction.
737 Max Orders - Rumors yes, but once the plane is FAA cleared - people will start to see and understand it'll be the safest bird in the sky. Fuel efficient, retirement of old planes, Planes ready to ship almost instantly.
Defense contracts - I sometimes feel like BA defense operations have been over looked (not all but some) and from a FCF perspective - this just is another drop in the bucket to getting profitable. Dividends reinstated down the line.
I'm sure I missed some but just throwing some ideas out there, why I see this heading in an uptrend with further room to run by year end.
PT1: $223
PT2: $265
PT3: $308
I'm betting by year end we're between PT1 and PT2 but as always trade wisely.
GLTA
$BA daily look...Still have some long term spreads, but into the end of the week going to try one $215 call at $1.29 here, might pair with a $205 put at $0.47 to cover...
BA - PLAYING AROUNDSo, BOEING you're crazy about where you really want to go, there's a gap up, there's a gap down, then it comes back inside the pattern. your price range is getting smaller and smaller. what now? Where are you really going?
Maybe its jockey was happy to play the price. LOL!
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RectangleBA broke down from a descending triangle and appears a rectangle has formed. Bad market days and BA busted down through the bottoms it has formed.
Now the bottom trendline of the rectangle, which is also the bottom trendline of the descending triangle became resistance. So BA needs to break that bottom trendline first, which looks to be trying today, Then this trendline will be support again.
No recommendation.
Boeing ! Pandemic no Pandemic, Human needs planes. Fox, How many times do we see the market drop on supposedly good news, or a stock price rise on the announcement of some pretty disastrous results? Of course, the talking heads will always find an angle to explain away these discrepancies, such as 'results were not as bad as expected or something similar, that is their job after all.
For a Behavarioal analyst like me, it is not the news that matters, or even the numbers in those results, it is the market's reaction to the numbers that is the only thing that matters, and that is all I'm interested in. Let me say it again I don't care what was the news behind this spike, all I care about is that it aligns well with my investment methodology. I will slowly start buying.
Trade With Care
BA (BOEING) LongTerm is Downtrend $212 GONE and $150 comes Restrictions on travel and winter holiday travelling being discouraged across the globe gives less chance for airlines to put up more orders.
$BA is currently caught up between two VWAPs from Hi and Lo
Look for 212 test. Any rejection there confirms the downtrend to $150 by early 2022
$BA - Could be in triangle single bust patternBA had false breakout followed by a triangle breakdown. Now it's working to break above the bottom trend line ($206ish) to get back into triangle and ultimately breaking out of it.
Breaking above $222 is bullish and could send the stock to $250.
Target 1 - $222
Target 2 - $230
Target 3 - $250
Risk - failure to break above $206.
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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 focus this week...A lot of good names out there with potential. Going to focus on BA because when it get a move, it sometimes get's hot. I'm looking for a play back to $220/$225. Same week $225's for $0.16 as just an overnight play, sell on a pop. Then I'm going out to 1/21/22 $250/$280 call spread for $1.10/$1.15.
BA Trade Opportunity BA looks like it can drop down to fill the gap below with the news. Under next support which is 190 this stock looks very weak. Even though this play looks good, there are 2 things that can happen, the government says that we go into a lock down or they say the new virus has little to no side effects and the stock shoots up. The fundamentals are there but in some situations like this and especially on a bigger time frame you have to thing about Other variables you can't see from the chart.
$BA long hedge....I presume we keep showing weakness in the market, but with that said. If we get some solid news over the weekend on the new variant not being that bad. I need a 'hedge' to the upside. So 1 $BA $220 call for 12/17 at $1.19. Won't lose that much if we keep falling.
Boeing Following Main Trend Line I believe Boeing will return to its pre-covid levels sooner than later. Air travel will only increase overtime and orders for new air crafts (domestic/private/military) are starting to pick up. Please let me know what you guys think and negative feedback will not hurt my feelings so don't worry. 🤣
$BA getting some love...Didn't quite hit my target of $180, but now we got some positive news. With additional news on the new variant not being as bad as thought, this could really fly. No position.
Buy $BA- NRPicks 29 OctThe Boeing Company designs, develops, manufactures, markets and supports commercial aircraft, military aircraft, satellites, missile defense, human space flight and launch systems and services worldwide.
$BA - Complete Technical BreakdownAbsolutely disastrous looking chart.
$BA bears have managed to slice through two extremely strong points of support that have held strong for over a year, all in under one trading week.
This next leg down will likely lead us to 175, and if that doesn't hold, 158.
Boeing ( BA) Reaching Previous ResistanceYou won't see Boeing at this low a price again.
Perfectly in trend, solid technicals.
Another no brainer.
Boeing is taking 737 ride or Covid.19 Roller Coaster? 1/Dec/21Boeing is on track as "recovery stock"?...It's stock price seem like breaking the trend line ( Dashed Cyan ) support and price might down to around 44.50
BA Long to start hereBA fall to less to 200 range after Fear of Panic sell off on friday but looks BA is strong from here and last dip is to shake out the travel industry to glimpse weak hands.
Note:use your own risk to trade.
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..
Boeing Bullish Cycle SequenceCompleting the last leg to the downside before the continuation of the Bullish cycle to the upside.
