BA trade ideas
Levels to manage risks/rewards when trading $BAHere’s a summary of Boeing-related news from this week:
Boeing Firefighters’ Contract Ratified:
Boeing’s private firefighters have approved a new contract, ending a three-week lockout. The contract includes significant raises for the firefighters.
Space Launches by Boeing and SpaceX:
Boeing and SpaceX are both preparing for high-stakes space flights:
Boeing’s Starliner capsule will attempt to launch two NASA astronauts to the International Space Station (ISS) for the third time. Liftoff is scheduled from Florida’s Cape Canaveral Space Force Station.
Trading Boeing Stock Following the Near-Term Double Top PatternThe Boeing Company (BA) stock has recently formed a noteworthy technical pattern that could signal a potential trend reversal. The pattern, known as a double top, occurs when a stock attempts to break through a resistance level, fails, and then tries again unsuccessfully. This often indicates that the stock may be losing upward momentum and could be poised for a downward move.
NYSE:BA
On Boeing's chart, we can observe a clear double top formation around the $178-$179 price level. The stock reached this level in late May, pulled back, and then rallied again to the same level in early June. However, on both occasions, Boeing failed to break through this resistance and was sharply rejected, suggesting that sellers are stepping in at these prices.
What's particularly significant about Boeing's double top is the price action that followed the second failed breakout attempt. The stock not only reversed lower, but it also decisively broke below several key support levels, including the previous support at $175 and the 50-day moving average. This breakdown reinforces the bearish implications of the double top pattern.
Other technical indicators are aligning with the bearish outlook suggested by the double top. The Relative Strength Index (RSI), which was approaching overbought territory near the peaks of the double top, has now turned lower, indicating waning bullish momentum.
Given these technical signals, traders might consider setting up a short trade in Boeing to profit from potential further downside. The well-defined double top pattern and subsequent breakdown provide a clear entry point for such a trade. If the stock continues to trend lower as the pattern suggests, the next significant support level around $173 could serve as a reasonable profit target. To manage risk, a stop loss could be placed just above the top of the pattern, allowing the trade to be exited with a small loss if Boeing unexpectedly reverses higher.
BA (Boeing)Pennant here forming at the bottom of a larger megaphone... Breakout coming in the next week it seems.
200.00 first or 200sma... Over that and 217 comes next
Boeing going down!Boeing failed more than one third of the FAA audits for the MAX, the failures are systemic and the entire board and senior management team needs to be replaced. Add a launch failure and this stock will be toast Monday morning. My prediction is it opens around $165, drop to $142 and it may find some support. This could go as low as $121.
BA/SPX: STILL VALUEThought I would give an update. I have done nothing but buy $NYSE:BA. It remains historically undervalued. I just saw some Apache helicopters today, Airbus doesn't have those. These foolish "investors" are selling a staple of American tourism and the American war machine. I will buy as much as possible.
Buy low, sell high.
Will update in a few months.
Long NYSE:BA
Resistance And RSIThe profit direction of BA stocks can be determined by looking at resistance levels and the RSI indicator.
Boeing BA ready to move in either directionBoeing reached at it's RESISTANCE which also can turn into SUPPORT. From here, it can go in either direction. Next day or two will determine it's direction. Keep an eye and take the trade alongwith...It can hit it's target by May end or sooner.
Boeing Could Be in DescentBoeing has been falling since the beginning of the year, and now some traders may expect the downward trend to continue.
The first pattern on today’s chart is $183.14, a weekly close from April 5. BA challenged that level on May 6 and 14, but each time closed below it. That may suggest that resistance is forming.
Next you have the large bearish outside candle on May 6. Prices have remained entirely within that range since. Could this neutral period be followed by downside movement?
Third prices are stuck below the falling 50-day simple moving average, which may confirm a bearish trend.
Finally, stochastics have been overbought. A dip from here could signal a potential top.
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Boeing Under Pressure From DOJ For Breach Of 737 MAX Crash DealBoeing ( NYSE:BA ) has breached an agreement with the Justice Department over the 737 Max crashes that killed 346 people in 2018 and 2019, potentially leading to prosecution. The 2021 Deferred Prosecution Agreement (DPA) meant Boeing ( NYSE:BA ) didn't face charges related to the deaths of 346 people in two 737 Max 8 crashes in 2018 and 2019. Boeing ( NYSE:BA ) paid $2.5 billion and promised to strengthen its compliance program. The DPA expired just two days after the Alaska Airlines blowout, which renewed scrutiny of Boeing's quality-control processes. Safety investigators said the 737 Max involved had left Boeing's factory missing key bolts.
The Justice Department said Boeing ( NYSE:BA ) violated the DPA by failing to design, implement, and enforce a compliance and ethics program to prevent and detect violations of US fraud laws throughout its operations. Boeing has until June 13 to respond to the DOJ, and the DOJ is continuing to meet with the families of victims of the 2018 and 2019 crashes to determine whether to bring charges against Boeing. The DOJ will decide whether to prosecute Boeing by July 7. Boeing 0.0% may face fraud charges for violating the terms of its 2021 Deferred Prosecution Agreement with the Department of Justice following the Lion Air Flight 610 and Ethiopian Airlines Flight 302 737 MAX crashes.
Boeing ( NYSE:BA ) has been charged with fraud following the 737 MAX crashes, which occurred in 2021. The company admitted to deceiving the FAA AEG about the Maneuvering Characteristics Augmentation System (MCAS) and its impact on flight control systems. The Department of Justice (DOJ) stated that a key document published by the FAA AEG lacked information about MCAS, leading to the lack of information in airplane manuals and pilot-training materials for US-based airlines.
Victims' families have criticized the deal as too lenient, while Senators have also questioned it during recent Boeing whistleblower hearings. Senator Johnson argued that this was an overt act, and nobody has been held accountable. Boeing ultimately agreed to pay $2.5 billion to defer prosecution, with the DPA providing for a $500 million crash-victim beneficiaries fund to compensate the heirs, relatives, and legal beneficiaries of the 346 passengers who died in the crashes.
Despite admitting facts but pledging not guilty, Boeing pled not guilty to the charges at an arraignment on January 26, 2023. The United States Court of Appeals for the Fifth Circuit published its decision against revising Boeing's DPA on December 15, 2023, but decided the court had ongoing Crime Victims' Rights Act responsibility.
The DOJ argues that it is still in time to prosecute Boeing for a violation of the terms of the DPA and to continue investigating Boeing compliance. The DOJ does not reference the Alaska Airlines door plug blowout in its letter to the court.
$BA - Watch that trendlineI still think Boeing needs to check back on that trendline around $148. I am not a buyer here. There are so many more shoes to drop with Boeing.
Support Resistance & RSI"Points to enter buying JPM stocks at each upward and downward trend, and profit-taking points can be analyzed and tracked."
BA More Whistle BlowersBoeing is down over 11% YoY and continues to respect this bearish channel. There are now 10 whistle blowers, with 2 being dead. I expect this to reverse Monday. When it does, go short.
Ready for Takeoff?
NYSE:BA Boeing Shares had a volatile performance this week, with a decent uptrend rally on Thursday and Friday .
This is my strategy:
Using Bollinger Bands and Fibonacci Retracement, we see a slight trade volume and volatility increase as the price surpasses the SMA and nears the upper band. The price is at $179.79. We can expect it to reach a price target of $184.15 (test strategy here) before retracement or reversal as the shares will near overbought status.
Enter at price targets: $175.15 and $164.21
Hold for the price to cross $196.27 for uptrend confirmation.
🚨Boeing last throw of the dice? 🎲🩸Target price $155🚨JUST IN: VANTAGE:BOEING last throw of the dice? 🎲🩸 Desperately looking for a cash injection by selling +$8 billion in bonds
This came after reporting a $3.9 billion cash burn and quarterly loss. Moody's cut their credit to one step above junk.
We have pointed out price targets.
Mapped out price bounce targets.
Are you willing to catch a falling knife?
$BA oversold levelsNYSE:BA is at some oversold levels on the weekly and at least for now the media stop attacking BA.
Boeing struck $160 price level as expectedHello traders, skyboxpips here!
Boeing stock struck the $160 price level that we had drawn up in the previous week. This week may end in a Doji candle on the weekly timeframe
BA a MAJOR BOTTOM long CALLS jan 2025 at the money The chart is that of BA we can now confirm a 5 wave decline and it has a perfect fib relationship into the low print I have now taken a position in Long Calls for jan 2025 at the money Risk is small with a stop of 3 %
$BA short idea, Megaphone + Fibonacci Descending TriangleTitle says it all, I got in too early with all the news hype around BA's failures, of course, paytiences pays, the lesson you think you learned already ha. I love fibs when combines with technical patterns, seems very high prob, seeing a lot off risk off signals lately, wouldnt know if just looking at SPY QQQ etc, under the surface, feel like huge reversal will come within next 8-12 weeks. NYSE:BAC megaphone pattern is huge focus, looks like rising wedge right into resistance... NVDA hype dying so with it AI hopium? Meta getting hurt, Apples been crushed, Tesla down, BA down, how soon before the -5% correction on SPY in 1 day via 0DTE, hopefully wont be at work lol!
Korean Air's Potential Boeing 777X Purchase Stock up 2.25%Korean Air (003490.KS) is reportedly in talks with Boeing ( NYSE:BA ) for the acquisition of at least 10 Boeing 777X jets. This development comes in the wake of Korean Air's recent order of 33 A350 jets from Airbus, signaling a potential shift back to its traditional U.S. supplier. The discussions between Korean Air and Boeing highlight the airline's commitment to enhancing its fleet capabilities amidst evolving market conditions.
Resilience Amidst Challenges:
Despite facing delays in the entry into service of the 777X due to certification issues, Korean Air's interest in the aircraft demonstrates resilience in navigating industry challenges. The airline's willingness to explore opportunities with Boeing ( NYSE:BA ) reflects its confidence in the long-term viability of the 777X and underscores its strategic vision for fleet modernization.
Strategic Implications:
Korean Air's fleet review and potential acquisition of the 777X coincide with its plans to purchase a significant stake in Asiana, a move aimed at consolidating its position in the market. The acquisition of new aircraft, coupled with the integration of Asiana's operations, positions Korean Air for enhanced competitiveness and operational efficiency in a post-pandemic landscape.
Market Response and Investor Confidence:
Boeing's stock performance, despite challenges in its commercial airplane and defense businesses, reflects investor confidence in the company's recovery trajectory. The recent earnings report, which surpassed Street estimates and highlighted positive trends in free cash flow generation, signals progress amidst ongoing market headwinds. Shareholders' contentment with Boeing's performance underscores the resilience of aerospace giants in navigating industry dynamics.
Technical Outlook
Boeing ( NYSE:BA ) Stock is up 2.06% due to the fundamentals. The stock has a Relative Strength Index (RSI) of 38.50 with the daily chart showing a pattern of a "Bullish Flag Pattern" on the horizon. Coupled with the fundamentals and technical analysis, NYSE:BA stock is poised for a major bull run in the near to long term.
Conclusion:
Korean Air's potential acquisition of Boeing 777X jets underscores its commitment to fleet modernization and resilience amidst market uncertainties. The strategic discussions between Korean Air and Boeing ( NYSE:BA ) reflect evolving dynamics in the aviation industry, with airlines seeking to optimize fleet capabilities amidst changing passenger demands and operational requirements. As Korean Air navigates these strategic decisions, it reaffirms its position as a key player in the global aviation market, poised for sustainable growth and competitiveness in the years ahead.
covered call on BAI'm in longer term shares. NICE GAP up on earnings.
I figure = use this pop to get SOME PREMIUM at the long term moving averages... This will not get called away - and if it does, I'll be profitable
