Boing - good levels for long-term.Greetings everyone!
Before the company reports on the 24th, we suggest you consider current levels with a long-term target of $240.
Detailed information will appear later.
BA trade ideas
I don't care how bad their airplane controversy isThe long term technicals show points of solid Risk Reward setups that are worth taking, If I entered now, I would have a tight stop under the daily low. If this breaks I would re-enter at the broadening wedge support, if that breaks I would enter at the trendline support from covid lows. Targets would be 20/50/100 daily EMA's. will this play out? idk. is the company doing trash. Yep. Does this offer a good risk reward setup for a technical bounce? Absolutely!!
Examining the Safety Concerns Surrounding Boeing's 787 Boeing ( NYSE:BA ) has asserted that it has not detected any signs of fatigue on the older 787 aircraft that have undergone significant maintenance, as the company defended its twin-aisle aircraft program before a U.S. Senate hearing scheduled for Wednesday. This comes after a Boeing ( NYSE:BA ) whistleblower, Sam Salehpour, alleged last week that the company had disregarded safety concerns related to the assembly of the 787 and 777 jets operating international routes. Salehpour, who is a quality engineer at Boeing, is set to testify at the Senate hearing on the organization's safety culture.
Salehpour claims that Boeing ( NYSE:BA ) has neglected to adequately "shim," which involves using a thin material to fill small gaps in a manufactured product, a lapse that could result in premature fatigue failure in certain areas of the Boeing 787 Dreamliner over time. Salehpour's claims, which are being investigated by the Federal Aviation Administration (FAA), encompass observations that he saw workers "jumping on the pieces of the airplane to get them to align."
Boeing ( NYSE:BA ) has been dealing with a severe safety crisis that has damaged its reputation since a mid-air panel blowout on a single-aisle plane operated by 737 MAX on January 5th.
On a call with journalists on Monday, two senior Boeing ( NYSE:BA ) executives stated that there were no indications of airframe fatigue among the nearly 700 in-service Dreamliner jets that had undergone significant maintenance inspections after six and twelve years. "All of these findings have been shared with the FAA," said Steve Chisholm, Boeing's chief engineer for mechanical and structural engineering.
Boeing ( NYSE:BA ) suspended deliveries of the 787 widebody jet for more than a year until August 2022 while the FAA investigated quality issues and manufacturing flaws. In 2021, Boeing disclosed that some 787 airplanes had shims that were not the correct size, and some aircraft had sections that did not meet skin-flatness requirements.
According to Lisa Fahl, vice president of Boeing Commercial Airplanes airplane programs engineering, the 787, which was introduced in 2004, had a gap allowance specification of five-thousandths of an inch within a five-inch area, or "the thickness of a human hair." She claimed that reports of workers jumping on plane parts were "not part of our process."
Debra Katz, Salehpour's attorney, stated in an email that her client had attempted for years to access data that would address his worries about the safety of gaps in the 787. "Before accepting any data provided by Boeing, it should be confirmed by independent experts and the FAA," Katz advised.
History Repeating itself from months agoBull Divs on RSI are being printed on multiple time frames. The 4 hour one looks like its the clearest one with double bull div on it. The price is falling on support along with RSI. The daily has a double bull div on it as well. Shown below.
Even with all the bad news coming out I think selling action is getting exhausted. There should be at least a relief rally
Goodbye BA, Was a terrible ride!I haven't given any updates or ideas on BA, which has, for the longest time, been the stock I stan the most.
I tolerated their doors blowing off in flight and their toxic workplace culture, Their Maxjets smashing nose first into the ground killing hundreds. But now that they are uhh.. involved in some darker stuff let's say, it's over.
I sold all of my holdings,in my retirement/TFSAs and my shorter term trade accounts. Some at a gain, some at a loss, net is a bit of profit but mostly not.
If BA was a normal company, not having billions of tax payer dollars being shunted into bailouts and"keep afloats", it would have been over ages ago. Bankruptcy. Bye bye.
But alas, government backings etc. etc.
However, the downside potential on this stock is astronomical. Like I said, no company could recover from this, except BA. SO I am not sure how this is going to look but we likely will see the 140s and lower in the coming weeks/months.
144.29 is the next major support. And when the company is fined and epxosed for their internal fallacies, we will see sub 130. And then, hopefully the family of this poor whistle blower files a wrongful death suit, then we'll be back in the double digits.
It won't really matter though for me, I finally have moved on from stanning a morally objectionable company. They were always morally objectionable with their real lack of care for safety (their Max jets there proved that, so this should not be a surprise) but I feel like all of this whistleblower drama is to far and their stock is for sure showing that they crossed a line here.
I am now a stan of ERJ with a sizeable holding. Its just, the move is done in that domain, but will shift over to that for my aviation needs.
Anyway, best assessment based on major support is this will be in the 120s within the next few months, I suspect faster if we can get some more news about the status of these investigaitons and such.
Stay away. Stay farrrr away!
Boeing (BA)Boeing has been receiving bad press lately.
In reality, Boeing is not going anywhere because the aerospace industry has high barriers to entry.
The current price is at $171 as of this post.
Drew a zone for interest where we would be positioning.
Boeing earnings is scheduled for April 24. This will play a factor in the technicals
Tell me your thoughts
Why I'm Selling Boeing Company at Support Level of $176.22 While Most people may see Boeing Company (NYSE: BA) as an opportunity to buy at 176.22 - Given the recent whistleblower allegations regarding cost-cutting measures on Boeing's planes, and the potential impact on earnings, I've decided to sell my position at the support level of $176.22.
Looking for a bearish swing immediately on BA!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
$BA return of the BearThe short run back up to $200 looks to be short lived especially after all the negative press. Looking to play this to the recent low!
Looking bullish on BA soon!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
BA/SPX = Long Term ValueTo put it simply - put as much money as possible into NYSE:BA as soon as possible.
When compared to the S&P 500 over time, we can see how investors are pricing Boeing while also taking into account macro conditions. This gives us a relative understanding of the value of Boeing over time, and it has been making new lows recently.
Boeing is a government-backed company that produces many things. Yes, it produces the 737-MAX. Yes, doors are falling off of planes. Yes, planes are crashing. Open your mind for a second:
Click on the below Wikipedia link to enlighten yourself about Boeing's contracts with the US government.
en.wikipedia.org
If you don't want to click on the link, here's a summary: Apache Helicopters, Air Force One, F-15s, missiles, and every bomber in the Air Force. Oh yeah, they also are the only American company in the aircraft manufacturing duopoly.
If you buy right now, you are getting a better price on Boeing when compared to SPX than the vast majority of investors since the IPO in 1962.
BUY BOEING RIGHT NOW & HOLD IT FOREVER.
You're welcome for the free money.
BA LONGBoeing has been in the dumps ever since covid. Financials have taken a huge hit but revenues have started to recover from 58 to 77B since 2020. Of course, this rise in revenue would be expected due to increased travel post-COVID however the net margins (although negative) have greatly reduced from -20% to -2%.
Currently Boeing is facing a lot of heat from its lack in quality in their planes. In response, the CEO has been fired and been replaced by formed COO Stephanie Pope. From her responses in the media, she is aware of where Boeing stands as a company and how things need to be turned around, starting with safety procedures and quality inspection.
Earnings come out April 24 2024. Likely to be slightly negative news, market will overact due to market sentiment and news in Q1 2024. Earning event proposes a massive buying opportunity as the company has massive stakes in improving in the global transportation and military sector. Forecasts predict roughly mid price target of 246. Post-earnings is either a long bearish move or a start to a slow increase as market recovers from an overreaction.
Boeing The company is on massive area of support, but technically the trend is still down and strong , momentum is down and strong too, next quarterly result will be crucial , if price breaks down it will go even further down , The company is not undervalued , but is getting there if you look closely into the valuation ratios. Volume is going down witch indicates that downtrend is losing power. Important weeks ahead for Boeing.
Boeing's Bullish Flight PlanThe year 2024 was a crash landing for Boeing - fortunately only for the stock, as the technical problems with the aircraft that led to losses in the stock could have had far worse consequences than sunk dollars. However, clear signs of stabilization are now emerging in Boeing's stock. Buyers increasingly entered the market around the lows from October 2023. Another sell-off last Monday and Tuesday uncovered hidden bullish divergences in the VOLD. This means that despite great efforts, the bears are unable to push the price to new lows. Against this backdrop, longer-term long positions appear promising. Various gaps that the stock tore into the chart during the sell-off serve as targets. This trade idea exemplifies a conservative and an aggressive take profit, which traders can of course also trade in combination.
Boeing CEO Dave Calhoun to Step Down Amid Safety CrisisIn a significant development for the aviation industry, Boeing ( NYSE:BA ) CEO Dave Calhoun's impending departure by year-end signals a major shakeup at the aerospace giant. The move comes amidst a deepening safety crisis exacerbated by a mid-air incident involving a 737 MAX plane in January, prompting a wave of management changes aimed at restoring confidence in the beleaguered company.
Stan Deal, President and CEO of Boeing Commercial Airplanes, will retire, paving the way for Stephanie Pope to assume leadership in that crucial division. Meanwhile, the appointment of former Qualcomm CEO Steve Mollenkopf as the new chair of the board heralds a fresh chapter in Boeing's leadership.
The decision to overhaul Boeing's management structure follows weeks of turmoil, with the January incident serving as the latest blow to the company's reputation and financial performance. The incident, which saw an Alaska Airlines-operated MAX 9 jet experience a mid-air panel blowout, underscored lingering safety concerns and prompted a reevaluation of Boeing's operational practices.
Since taking the helm in the aftermath of the 2018 and 2019 crashes that claimed nearly 350 lives, Calhoun has grappled with a series of safety crises and regulatory challenges. Despite efforts to address these issues, Boeing's stock has plummeted, reflecting investors' skepticism about the company's ability to navigate its way out of the crisis.
Analysts and investors have welcomed the leadership shakeup as a positive step for Boeing ( NYSE:BA ) but emphasize the importance of selecting the right successor to Calhoun. With the company facing heavy regulatory scrutiny and production constraints, restoring trust and addressing cultural challenges will be paramount for the incoming CEO.
Patrick Shanahan, CEO of Spirit AeroSystems and a former Boeing executive, emerges as a potential candidate to lead Boeing through this tumultuous period. His deep industry knowledge and experience could prove instrumental in steering the company towards recovery and rebuilding its reputation.
Boeing's crisis has not only strained its relationship with airlines but also provided an opening for its main rival, Airbus, to capitalize on. The recent order wins by Airbus from key Asian customers underscore the urgency for Boeing to address its underlying issues and regain its competitive edge in the market.
As Boeing ( NYSE:BA ) braces for a period of transition, the focus shifts to the incoming leadership and their ability to instill a culture of accountability and excellence. With the aerospace industry at a crossroads, the decisions made in the coming months will shape Boeing's trajectory for years to come, with implications reaching far beyond the company itself.
BA Forming a "Double Bottom"With all the bad news pretty much baked in I believe it's time for the bulls to step in. We are forming a double bottom on the weekly chart currently retesting support levels from October 2023....let's see how this one plays out.
BA Buy Zone Triggers Short-term ProsNYSE:BA is definitely below its current fundamentals for the 1st quarter of 2024. This was the biggest gain of all the Dow 30 components yesterday.
It was an obvious reversal point at a prior Buy Zone at October's lows. Yesterday was driven by pro traders with a run up at open rather than an HFT gap up at open. We can also see the pro trader nudge pattern in the candlesticks before yesterday's move up.
It may consolidate before running up, but this support level is now established for the next move up.
BA: LT at the bottom of a wave within large flagThis is a consolidation moment and we are at the near bottom of it and worth piling in.
Boeing: Turbulence! 🌪️ Boeing's share price plunged in recent weeks, but rebounded after reaching the support line at $176. We expect the share price to fall to the green Target Zone between $172.25 and $130.78. Only when the low of green wave (2) has been established there should the price turn around again. Please note our alternative scenario (32%) which sees the low as already established. It is triggered on a breach of $208.10.
BA reversal level? Watching BA at this major support level near 173.97 and 180.98 within this large expanding wedge. It's currently holding a lesser support level at 177.46 and 179.32. The current weekly candle has printed a bullish pinbar so far with 3 more days left on the week.
I will be watching price action over the next week or so to confirm a shift from the current downtrend on smaller timeframes.
Current Confluences:
- RSI oversold (W)(D)
- Oversold STOCH (W)(D)
- STOCH curling upward (D)
- Price flagging on 4h
- A slight divergence on the daily
- Jeanius buy signals are starting to come in on the (D) and (W) timeframes
- * Will update any additional confluences*
Current Cautions:
- Negative News Sentiment
- Sellers still holding control
- Trend in still down overall
Trade Idea:
- At these levels, BA is looking good to make a recovery. I would first wait to see if it trades sideways here or makes one more push down to test the support of the expanding wedge one more time before making a reversal. That would be ideal for the LEAPS buyers.
- For the traders, it is best to stay patient for now. If BA does attempt to make an immediate reversal, A reclaim of the first resistance level above at 191.75 and 194.05 would be the safer starting point, Or for the impatient, you can trade the highs and lows of the current range between the current support and resistance.
