Boeing Ready to fly High, Wanna play RetestHi mates, Sharing weekly chart of Boeing it seems it get set to fly high after giving a fresh weekly breakout on a hazardous horizontal resistance and from a parallel channel too after a long consolidation in it, shared an old breakout too that how after making double bottom on weekly chart and how it will reach to that parallel channel. So now my idea is to go for a long side trade in it but only after if it will do a breakout retest and bounce from horizontal resistance or parallel channel resistance for this i will use daily and some more smaller TF chart for tracking it's movement in coming sessions. Those who caught early and added on old breakout i feel they are really enjoying their positions now.
Levels-:
Horizontal resistance price 227
Parallel channel resistance price 220
This is not and trade or investment advice. This publication is meant for only learning purpose.
Regards- Amit
BA trade ideas
Boeing: Jumped off! 🪂Following the decline in Boeing's stock price, which pushed it below the upper boundary of our pink trend channel, we anticipate a significant correction with the green wave (2). This corrective movement should conclude within the green target range from $181.81 to $146.74 before potential rallies are likely again. However, our analysis assigns a 32% probability to the possibility of surpassing the resistance at $243.10. After breaching this threshold, an upward shift towards the green target range, from $247.91 to $265.42, would be anticipated. This trajectory would facilitate the establishment of a higher high for the green wave alt.(1).
$BA Boeing shows Support test at 206A possible support test is expected to test 206 levels with negative divergence on all time frames, a bounce observed from 100DMA support but was rejected at 7DMA 227 which implies the lower moving averages weighed on here and BA now needs to close above 231 to get back into bulish range or the fast moving averages crossovers will spill into the charts signalling further sell Signals.
Watch for volatile moves during events next week
Strong Support Below for BoeingThe Daily Chart of NYSE:BA shows where the probable support will halt the selling for Boeing.
The long sideways trend is close to being a platform. The highs, or within the highs of the range, should provide strong support for the stock.
If it dips deeper, it is likely to be temporary and should shift back to the higher area of the sideways trend.
Boeing's stock is about to challenge the top high shoulder Boeing's stock is about to challenge the top high shoulder
This chart shows the weekly candle chart of Boeing's stock in the past 4 years. The graph overlays the 2020 bottom to top golden section. As shown in the figure, Boeing's stock is currently in the second largest wave band after bottoming out, with the third wave rising and about to challenge the top high shoulder position in March 2021! In the future, focus on the 1.618 and 2.000 positions of the golden section in the graph, and use these two positions as the long short split range for Boeing's stock!
Boeing: Not yet at maximum altitude ✈️Even though the price of Boeing softened a bit last week, we believe that it has not yet reached its peak. It is still in the green wave , for the completion of which it must rise to our green target zone between $247.91 and $265.42, where short positions are worthwhile. Only then can it go down in our estimation. However, it is now important that it holds above its support at $228.16, otherwise it will come under significant downward pressure. If it falls too much against our expectations, the price is already in its old wave , the end of which is in sight in our second green target zone below. We give this alternative scenario a probability of 34% and buyers should keep an eye on it.
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BA The Boeing Company Options Ahead of EarningsIf you haven`t bought BA here:
Then analyzing the options chain and the chart patterns of BA The Boeing Company prior to the earnings report this week,
I would consider purchasing the 210usd strike price in the money Calls with
an expiration date of 2023-8-18,
for a premium of approximately $8.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
FTEKThis technical analysis of FuturaTech Inc. (FTEK) aims to equip traders with valuable insights into the stock's potential future price movements. By combining various indicators and chart patterns, traders can develop a comprehensive trading strategy to capitalize on profit opportunities while managing risk effectively. Remember to perform your due diligence and consider other fundamental factors before making any trading decisions. Happy trading!
Boeing BA multi months BreakoutBA is breaking out after consolidation for 6 months and with lot of volume. Can be put on watchlist for swing trade. I am looking for a little pullback before entering this trade. However I made good by Day Trading this stock yesterday.
Will post more updates about this trade.
BA after earnings pop. Will it drop?Boeing had a big pop from very favorable earnings today. So far there has
not been a fade or retracement. The relative strength lines however topped
out and then retreated a bit signaling bearish divergence with the lower TF
below the higher black TF line. Likewise,
the MACD indicator is showing a line cross above the histogram whose
amplitude has dropped to zero then changed to red / negative.
Lastly, the mass index indicator shows a rise above the reversal zone
then with a trigger signal in dropping below the zone.
I conclude that BA over-extended and is now setup for a short trade which
could be either stocks or a put option. For the stock the stop loss is 232
the swing high and the target is 223.25 at the mean VWAP line. If price can
cross under that line, the target for the remaining runners will be 217 just
above a lower VWAP line. I will buy the strike $225 expiring 8/4 to potentially
exploit this expected quick retracement.
Boeing trading above channel resistanceBoeing Company (BA) presently trading above channel resistance, able to absorb weekly selling pressures.
If a weekly settlement above this resistance occurs, (BA) will be placed into a buy signal where gains of 20-25% would be anticipated over the following 2 - 3 months.
Inversely, if (BA) fails to close above the channel top at the end of this week, this will allow (BA) to fall back to channel support, eliciting losses of a similar magnitude over the next 1 - 2 months.
BA Bull pennant or fake outRight now looking at a daily bull pennant on BA top of 219 or bottom below 196. If we zoom out to to larger time frame we are still in a slightly bearish flow. A third retest of the high (original and one already) will confirm direction.
Worse case senario we stay within this range for a while depending on future sales of BA airplanes.
$BA - July 12, Gameplan! NYSE:BA - July 12, Gameplan!
Looking for any pull /backs to hold , above 215 Area!
for a move up to 223-225
Buying Break above 219!
On Tuesday, July 11, 2023, Boeing experienced a positive day as its stock price rose by 2.55%, increasing from $213.31 to $218.76. Throughout the trading day, the stock fluctuated between a low of $211.35 and a high of $218.98, representing a 3.61% range. Over the past two weeks, the stock has shown a positive trend, rising by 6.41%, with gains in 6 out of the last 10 days. The trading volume on this day was higher than the previous day, indicating a positive technical sign, with a total of 7 million shares being bought and sold, amounting to approximately $1.62 billion.