BOEING WOLFE WAVE SETUP CONSIDER FOR WATCHLIST FOR BUY TRIGGERSThere is a wolfe wave setup on the daily time frame. The projected target is calculated by extending a linear line between pivot 1 and 4. This is represented as the green perforated line, as shown in the chart. The projected target is 296 which is expected to reach this price target near June 2023.
1BA trade ideas
Boeing (NYSE: $BA) Looks Ready To FLY High ✈️The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital. The Commercial Airplanes segment provides commercial jet aircraft for passenger and cargo requirements, as well as fleet support services. The Defense, Space & Security segment engages in the research, development, production, and modification of manned and unmanned military aircraft and weapons systems; strategic defense and intelligence systems, which include strategic missile and defense systems, command, control, communications, computers, intelligence, surveillance and reconnaissance, cyber and information solutions, and intelligence systems; and satellite systems, such as government and commercial satellites, and space exploration. The Global Services segment offers products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and data analytics and digital services to commercial and defense customers. The Boeing Capital segment offers financing services and manages financing exposure for a portfolio of equipment under operating leases, sales-type/finance leases, notes and other receivables, assets held for sale or re-lease, and investments. The company was incorporated in 1916 and is based in Chicago, Illinois.
Is Boeing losing ?www.cnbc.com
Wow. Firing of a CEO could help the share price to jack up by 3%! So, in a Company, the CEO is crucial, his or her words provide confidence to the investors and apparently the outgoing CEO has failed in this aspect.
Chart wise, I see 2 possibilities though I am not quite optimistic that the share price would continue its upward trajectory from here. Rather, I think it is likely for it to further fall to around 294.75 where it meets its support before a rebound.
I am putting this stock in my watch list and are neutral at this juncture.
Possible short term rebound to $146 then $157The Boeing Co. is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes, Defense, Space and Security, Global Services, and Boeing Capital. The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide. The Defense, Space and Security segment refers to the research, development, production and modification of manned and unmanned military aircraft and weapons systems for global strike, including fighter and combat rotorcraft aircraft and missile systems, global mobility, including tanker, rotorcraft and tilt-rotor aircraft, and airborne surveillance and reconnaissance, including command and control, battle management and airborne anti-submarine aircraft. The Global Services segment provides services to commercial and defense customers. The Boeing Capital segment seeks to ensure that Boeing customers have the financing they need to buy and take delivery of their Boeing product and manages overall financing exposure. The company was founded by William Edward Boeing on July 15, 1916, and is headquartered in Chicago, IL.
5/11/22 BABoeing Company (The) ( NYSE:BA )
Sector: Electronic Technology (Aerospace & Defense)
Market Capitalization: $78.658B
Current Price: $132.95
Breakdown price: $130.20
Sell Zone (Top/Bottom Range): $167.05-$143.75
Price Target: $92.00-$90.90
Estimated Duration to Target: 129-137d
Contract of Interest: $BA 8/19/22 125p
Trade price as of publish date: $10.30/contract
How I trade BA This video covers my BA trading strategy.
I get many requests on what my trading style looks like (as a quant trader), so I figured I would show how I trade BA, as this particular strategy is replicable and the tools I use are publicly available (linked below).
NOTE:
This isn't financial advice.
As well, my signal to long BA is always a Z Score of -2.6.
However, my signal to short BA changes based on the market sentiment. Currently, it is -1, however for the most part of 2021 and up until last month it was set at -0.5 to 0. In general, I DO NOT recommend shorting a stock with a Z-Score of -1. It is high risk.
Its important when you are applying any strategy to back-test it first!
As well, this strategy is applicable to other stocks; however, its important to get a feel for how the Z-Score behaves as each stock is unique. For example, TSLA I have seen go as low as a -4 Z Score and as high as a +4.4 Z Score. The parameters I share in this video are my current parameters for BA but are subject to change as the sentiment changes.
Let me know your questions/comments and criticisms below!
Thanks for watching
BA TRADE LOGICTook a $BA $150 P position before the market closed today and making a note of why I ultimately made the trade.
1. Earnings catalyst (obviously).
2. Been trading with a downward channel but broke the channel even more to the downside.
3. After breaking the downtrend $BA entered a gap made back in November 2020 from $172ish to $158/9ish (blue lines).
4. If I read my research correctly $BA hasn't turned a profit on earning in like 3 or 4 quarters and will probably miss again. With the market acting the way it is I think it will sell off after earning regardless of good or bad news.
My price targets are the green lines.
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Not financial advice.
strategy for ba monday 05/02/2022Hello trader: BA opens bullish then has a slight fall fails to complete the downtrend. once BA opens above the closing price it will be entering the sell zone, when it is outside the high and low range and above (158.00) it is considered bullish, it is also within its 52wk low it is considered more bearish than bullish
our bearish entry is below (148.00) next support (146.32)
Boeing is not done...BA still has a nice drop coming.......... just think Netflix. Nobody wants it. See you in the low 100s is my first consideration for it. Out of 8k tickers, no need to trade this garbage either. If you must trade it.. I would be patient and look for 140ish (141/ 142) ... Gap chasers, that is not a strategy. That shows you don't know how the market works when gap chasing. Pay attention to the chart and what the chart tells you. Gaps can remain unfilled for years... heck, SPY has a gap around 220 if I am not mistaken. TDOC has a gap around 300.. where is that today? 20s? High fuel prices, a recession potentially around the corner, who is buying jet planes when air travel should be dropping. But none of that matters, the chart and the market matters and the chart says still a huge drop coming. Ignore the resident troll who trolls every BA post. He is clueless, no surprise there.
BA: Time to Buy? Wild ride!
My target was hit today! WOO!
So what next? Is it time to buy BA?
As a day trade or even a swing trade long, I would say, yes actually (but not financial advice!). And there is some reasons why. Let us go to my all time fav, the linear graph:
We made contact with BA's current linear line! See? I mean, BA is the perfect example of everything I have been spewing since posting on tradingview. Stocks respond to mathematical principles and stocks undergo reversions to their mean. I just couldn't ever ask for something more perfect to prove my point.
I love BA as a company and I love that BA proves my points!
But anyway, we are right on this linear line, which means, we can expect some consolidation at least. We can see in this chart that BA, like many stocks, likes to consolidate along that linear line. If you look to the red arrow, you will see an example of this.
But even if we look at BA's technicals, its oversold on the daily. Now, that doesn't mean that it can't sell off more, but I think a nice healthy bounce is in order. BA deserves it after all of its progress.
So we see here on the daily, BA is sitting in the oversold region. We are also seeing that BA's Z-Score is trading at almost roughly -2 standard deviations away from its trading mean on the daily timeframe. Not good, I mean, not good for continuation short. This generally would suggest the need for some aggressive pullback.
Also, on the 1 hour chart, my Z score indicator is giving a buy signal:
You can see, the last time it gave a buy signal on the 1 hour chart, BA went up about 17 points.
All in all, I am longing this. And I know I am really anti-swing trade, but I likely will swing this. I also added some into my long term holdings today, too.
Will this fall more?
Yeah its possible. It could go down into the double digits really. If you follow me and my ideas, you know that a correction to the mean (Which is what BA has done) generally will overshoot more. In BA's case, maybe an additional 5% sell off from the mean would be expected. But right now, its not going to. BA has been very stubborn selling off and I trust it to at least bounce a little bit. And to be honest, even if this does return to the double digits, IMO, if you believe in the company, you would believe this would be an amazing entry price. I truly do! I don't want to risk hoping for this to go into the double digits and it not actually do it before adding back into my long term holdings.
What about the Market Drama going on now?
BA does not follow SPY. It is held on DIA. It operates independently of FANG and SPY. The dramas right now in the market are mostly SPY and FANG related. There are a bit of dramas with DIA and the industrial stocks, but for the most part, BA has not seen the kind of erratic and unfettered growth that the SPY stocks have seen.
That does not mean that BA is immune to SPY's dramas, but its not appropriate to compare it to SPY and SPY's dramas fully, IMO.I would be cautious interpreting SPY's heaviness as translating to heaviness for BA. There have been plenty of instances where SPY tanked and BA excelled and vice versa.
As always, do your own analysis and plan your own trades!
That's it!
Leave your questions/comments and criticisms below!
Thank you and trade safe!
BA Forecast and TargetsPoor BA, what a harsh day for it and for the market in general.
Looking at BA on the monthly chart is quiet interesting. We have some ascending support that BA may bounce off of. If that is the case, perhaps we could see a double top form. However, I really don't believe this is likely. We see the very bearish flat top heikin ashi candle has formed for the month and I think we can anticipate a further fall.
Technical levels for BA are displayed in purple along with the corresponding last date BA touched these levels. The technical levels are as follows:
1. 143 - 145: Last bounce November 2020
2. 89-90 (i.e. COVID Crash): Last bounce March 2020
3. 30.53 (i.e. Financial crisis): Last bounce March 2009
I did a simple regression time series model of BA, which BA seems to respond well too (see image below).
Today marked BA 15149th trading day. KUDOS BA!
Applying this model, this week projected lows of around 185 - 194. Pretty close, IMO.
Adjust this for BA's 15160th day of trading (approximately 11 trading days or roughly 2 business weeks), the calculated low is around 147.76.
Very curious. Very curious indeed.
I am inclined to swing a short position with an end of April expiry. However, if we look very briefly at BA on the 1 hour chart, you will notice, it is far too oversold (red arrow).
It does look like BA wants to put the breaks on and do a bit of consolidation as we can see the start of a green candle on the 1 hour chart (yellow arrow). This would ultimately lead to consolidation to stabilize RSI and the formation of a likely bear flag.
I would be looking for consolidation, maybe a slight bounce to enter short.
My thoughts! Not financial advice.
As always, let me know your feedback and comments, etc. etc. Trade safe!
Boeing setting up for a SHORT?BA, Boeing Co. could be setting up for a nice shorting opportunity.
I'd ideally like to see price action settle the end of this week below around the $155 area I indicated as a short entry on the chart.
The dotted line indicates where I'd place my STOP and the solid line below is where I'd place my TARGET.
Again, I'd like to see at least a 1%+ weekly settlement below the current channel it broke today in order to consider taking a short trade.
$BA The Long Awaited Long.. BA is currently testing the top of a monthly demand zone. There is a lower zone with daily and weekly gaps below. Both of these zones are centered around the Market Maker Discount Fib zone. Building a Long Position anywhere from here down will be the most epic long awaited long you can ask for. Profit target zone is highlighted up top.