$BA just getting started...Weekly setting up to blow through all SMAs...let's see what next week brings...
1BA trade ideas
BA short (pt. 4)I have revised my chart after BA broke above what I believed was a resistance line. I took my BA puts at 110% gain as BA turned on me and started to reverse higher. As for now I am still short BA and am now going to rely on the revised chart which still appears to be in a descending channel, but could also play out to be a bearish megaphone pattern. I picked up puts for Feb. 25 exp. @ktaba likes his steak medium. I, however, am a little more barbaric and prefer a little more moo in my meat. @ktaba medium rare for me ;)
Not financial advice
Reversal of course! To the moon!All you bears are gonna get slaughtered! BA is on it's way up! It's been going down for about 8 months now and with all the good news coming out, it has nowhere to go but up! Price target is $300 by the EOY.
Boeing: Looking for Lower Levels? The Boeing Company - Short Term - We look to Sell at 208.00 (stop at 216.00)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 205.00. Levels close to the 50% pullback level of 209.60 found sellers. Daily signals are bearish. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 205.00, resulting in improved risk/reward.
Our profit targets will be 187.00 and 176.00
Resistance: 205.00 / 230.00 / 240.00
Support: 200.00 / 190.00 / 180.00
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Extended Falling Channel in $BA$BA has been the opposite of a pandemic darling and has been slowly grinding its way from out of the March 20 lows in a series of falling channels in which it currently finds itself. Interestingly the previous two channels were much shorter and volume highs from each channel has been decreasing. This should setup a big move soon. Bias is to break out and continue upward movement. From a macro perspective the commercial side is still up in the air (pun intended) but the defense side should have good support from posturing even without an actual conflict. Biggest risk is the channel keeps falling and this turns into a breakdown and a revisit of March 20.
$BA failure to start the week...Failing with the market, but relative weakness as well. I would like to hold $210 today in order to stay bullish for the week, or else we are just continuing the range with sub-$200 at risk again
BA Reversal Time? BA appears to be breaking a downtrend and also reclaiming an important fib level. Lots of Bullish options activity recently as well. Top chart going into next week. Every line on my chart has been there for several weeks. Also MACD very close to crosing. Needs weekly close over 225 to be even more bullish.
BA short (pt.3)As much as @ktaba and I disagree on this stock, it's still fun to poke the bull (in this case). If BA can't hold this triangle, I see BA falling to $200 or lower next week. @ktaba let's see how this plays out!
Not financial advice
BA PutFollowing BAs big red day yesterday and first day printing a light green bar on the MACD I'm looking for continuation to the downside with a break of yesterdays LOD.
BA#BA chart
BA broken the downtrend line
ready to fly
after 2 days very strong bearish sell off in the market price did not go under the trend line which means a alot of buyers are buying the Boeing to keep above the trend line .
price tested 50 MA and jump which means bullish signal. confirmation is when 20 MA go above 50 MA which is a strong indication of jumping to higher price.
at resistance ! the next 30 days 👀ba recently saw a fresh rejection at its extreme trend resistance, a dip to support will most likely happen in the next 30-60 days.
I will consider a long position once we hit support, paytience.
like and follow for more 💘
Boeing ~ BA 242 or so should hit next on Boeing. Dow should remain strong this year.
Boeing may begin to move and breakout much further on the longer term DTL.
$BA good week but...Now with the pull back in the market, we are still only just in a range. We did not break through. I grabbed some same week put protection earlier in case the whole market pulls back...end of week for $SPY and $QQQ are pretty critical here...
BA holdingBA is holding against resistance. If $BA can't break resistance, expect a fall back to $186, then eventually to $155 to fill gap.
BA at a cross roadsMy last examine of Boeing was a complete failure. This time around I took more time to try and evaluate all possibilities.
BOEING close right up to its year long resistance in addition to 100sma. RSI also has some resistance in this area. Also at the top of its bollingerbands
A breakout here would be huge and I think we could push for 226 fibonacci area before any pullback. 200sma also at 226
If we reject and close below 210 we could pullback to 193 then 170
$BA Relative strength....Nice rebound today from $210's back up close to high of the day, see if we can get a runner into close...
$BA 2022 UpdateWe have a new year! Great start for $BA, tested above $210 already, now to hold gains to prove that this is a different year. I would like to hold over $208 and not fade back to $205 today, then look to clear $210 and hold through end of the week.
Boeing 2022 OutlookBA will head up to $350 area around Aug time then will collapse to $30.
If you have any questions, lemme know in the comments and will answer you as soon as I can.
Thank you,
#NEWYEAR2022
#STOCKMARKET
#INDUSTRY40
$BA updated daily...Above the 10 and 21 Day SMA, inside day, below the anchored VWAP from the previous high.
BA to go lowerBA has had a slew of issues since two Boeing MAX commercial jets crashed in '18 and '19. From delayed deliveries to missing sales opportunities, Boeing stock still has more selling ahead. The 3.618 fib retracement sits rights at the gap at 158, but if the stock breaks down to those levels, I foresee the support being at the 4.236 level at 140-142.
Not financial advice
First red close in 5 days. More to come?BA looks like it may have lost its momentum. It is down 6% from where it was a year ago and tested the important level of $200 in the morning. The stop is the previous high of 205 if it moves to the 212 level by chance. A conservative TP is 193 with the 180's the next significant level.
