Perfect falling wedge pattern on #SPR $SPRPerfect falling wedge pattern on #SPR $SPR . Follow me to be alerted about best technical patterns in the #StockMarket
#stocks
#stockstowatch
#trading
SPR trade ideas
Under EMA50/20 bearish descending triangleThe stock is forming a bearish descending triangle because its under the both EMA20/50 and the market started to drop (I think this SPY500 decline will be long). So I'm bearish for this stock. Good risk/reward ratio. I'm going to open a short position after breaking below the support $43.
REMINDER: I'm not a financial advisor !
Request by Nas905: SPR looking to go higher!SPR has broke out of the $41 resistance and is looking to go towards the $55-$60 resistance.
There's an inverted head & shoulders pattern on the daily chart (granted! this is not how h&s/ inverted h&s are being interpreted but per my observation, it seems to be equally effective as well), with a weak right shoulder..which is a very good sign of a strong break out. Break out it did!
The retracement didn't reach the neck line/ support and it continue with the up trend! With this, it seems to suggest there's a lot of momentum to push price to reach $55 as target profit 1.
For SPR to reach target profit 2 $60 level, we should expect some pullback. We will evaluate again, if & when, the pullback happens.
If you're looking to buy now, then you need to be really careful because setting the stop loss will not be easy or you will have to accept not so favourable risk-to-reward. You can use the 20MA as a guide.
Disclaimer: I'm not giving any trading and/or investment advice. Just sharing my personal chart observations.
If you have any symbol that you'd like me to analyze, feel free to drop me a comment.
Thanks!
$SPR $SPR - Made a neckline breakout from Inverse H&S pattern with a 155% volume surge from the previous day.
$SPR Spirit Aerosystems On Breakout Watch
Just like many of the aerospace and travel stocks it seems poised to make a bullish move
on the back of positive Covid data and the revivals of Airlines fortunes.
We have our alert set on the top of the channel to be prepared for a break into a area of
low volume resistance.
SPR Long EMA50/200 as support zone
Daily Wedge pattern,
wait for Breakout Gap up
Entry 38
Stop 32
Target1 50
Target2 65
2/3/2021 Earning Date, May Trigger the Gap.
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
PAY to SPIRIT AEROSYSTEMS HOLDINGS Strategy DailyHey guys, SPIRIT AEROSYSTEMS HOLDINGS is in a bullish dynamic fake with low traded chat volume and an upside down hammer candle. In the TIMEFRAME M1 we notice a marubozu with a high volume of purchase passed it goes on the top of the equilibrium zone to test it. Great breakout potential caught him in the right area to interfere in the next and land on the last one above. With two higher before the breakout a comfort zone adjustment (on the TIMEFRAME H4).
And three higher to yield to finish (on TIMEFRAME H1) with five higher before test for breakout of a zone. Little power to test the intermediate median of ANDREWS PITCHFORK.
Please LIKE & FOLLOW, thank you!
SPRMID-TERM: Bullish hammer candle with a bull flag and potential hidden bullish divergence on the 4hr (Not financial advice)
$SPR Spirit Aerosystems Rallies as Boeing Takes off. ✈✈✈
If you are liking BA , then you should be loving the stock of SPR , a major supplier to the aerospace giants.
Alert set for break above $38.50
Targets $41.75 - $46.75 - $51.00
Major drop in volume resistance above $38
Caution needed as the stock is overbought, but id Boeing rallies SPR will follow regardless.
Spirit Aero. LONG 34-50-62.Monthly
Strong Downtrend due to Covid and lost of orders on Boeing.
Weekly
Strong uptrend with Gaps
Restoration of industry.
After retest ( Double Bottom)
Daily
Uptrend
OPEN LONG 34
SL 29
TP 50 and 62
RR 6
$SPR Spirit Aerosystems Rises on Boeing Max 737 optimism
SPR rallying from the lows on the possibility that the MAX gets certified &
the forward thinking rise in T&L stocks as the vaccine becomes a reality .
Potential long entry above $31.90
Targets price $34.00 - $36.79
SPR LONG-TERM HOLDThis will be a long-term hold!
Main supplier for Boeing & Airbus.
Be prepared to hold this for 3-5 years.
Squeeze Bullish Falling Wedge Neutral Symmetrical TriangleThe Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. When this pattern is found in a downward trend, it is considered a reversal pattern, as the contraction of the range indicates the downtrend is losing steam.
A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend , while a breakout from the upper trendline indicates the start of a new bullish trend .
The triangle can go either way Whickever way it goes, a clear trend in that direction validates the pattern
Bollinger Band Squueze. Will bust one way or the other soon. Keltner channels can enhance seeing a true squeeze
Not a recommendation
Happy Trading
Spirit Aerosystems Holdings Spirit Aerosystems Holdings (SPR)
Expecting the price to go up to the
80s range
Supply Zone (82.10 - 93.16)
Spirit Aerosystems a play or not?Spirit Aerosystems isn't spirit airlines. It's own by boeing and makes parts for boeing and inovates in the aerospace sector and from its website is also into space with a virgin galactic partnership. Now I've been watching this for awhile, yet I'm still not sure if i should go in but heres some levels I'm looking at.
Current findings
-Their earnings is they are losing money, yet they are tied into boeing and if boeing isn't making money they aren't either
-They have ties to the space sector, which comparing it to the other space stocks, they are underperforming
-They pay divends, so you could become a long term holder and get paid while hoping this company can recover after COVID
-Boeing has had a 34% drop in its price around June, yet SPR has had about a 50% drop giving this stock a potentional upside of 20% to go side by side with boeing. This reflects that SPR is struggling and can be shown as this company wants to layoff over 1400 people. From a quick search they have just over 5k people working from them. Big hit on their workforce short term.
Buy In
-Now I've market that you may take a position at this level with a 20% bounce back, yet I'll be watching for two key levels.
1: Sub 20 dollars since to be a fair value and has gone down as low as 16.70 (with dropping lower, yet springing back). Sub 20 dollar since like a good start if you want to dip your toes in.
2: An optmistic bull and don't mind gambling is taking a position in when it gets too 24.12-24.5 hoping for a breakout. Now this same level could be profit takers, yet around May 27th when it hit this level it broke out and giving a $12 high profit per a share. Roughly 30% return.
Final Thoughts
Its interesting stock and will just wait if it goes sub 20 and you could be worried if boeing would cut this company to cut boeing's loses, yet thats the doom mindset and don't think that will happen. I'll remain Neutral on this stock
$SPR This week to $30 / Also watch for $BA $RTX $DFENThis stock will slowly trade to the 200 eMA which is the Blue line.
Get your options ready December expiration $25 -$30 Strike price.
NYSE:SPR
GO Long. Double your money in 6 monthsperfect long setup. Wasnt expecting to hold this bottom so well. Today ER. but all bad news is baked in. If avg result, this is the time to go long.
