BA trade ideas
Boeing stock analysis. $BA box inception Today I am going to show you implementation of my boxes trading strategy on NYSE:BA stock price movement.
Boeing stock price has been extremely volatile since the COVID crash.
Let's take a look at it's last 6 month price movement.
1. Price bounced from long-term support and found a new demand at 205.
2. Price reached 278 and got rejected from a strong resistance. Thus, big box was formed at respective supply and demand levels.
3. Price dropped and could not get past 258 level during the span of the next 4 months. At the same time demand was found at 220 level, forming anoter box.
4. Breakout of the box downward led to return to the original 205 demand level in the bigger box, which happened to be at the long-term support line as well. That's a strong level.
5. Price soared all the way to 240 and rejected to form another smaller box.
September action will be crucial for determining further stock direction.
Watch for trend line breakouts as they are coming closer.
If the long-term support does not hold - we move lower to the box demand. If that does not hold either, we move lower to another long-term trend line.
If the price breaks through the smaller box supply and resistance trend line, we move higher to the big box supply of 278.
-----------------------------------------------------------------------------------------------------------------
Disclaimer!!!
This is not financial advise.
Long $BAI'm looking at a short correction in the short term, if the stock doesn't bounce from june's 8th 2020 local top. Around 220 if the correction follows.
Once broken the above resistance, I'm looking at 245, 260 and 280 (before november)
TrendyTrades: BA Going Up! (Bullish Analysis)BA closed nicely on a key fib level with a bullish harami leading me to believe BA will push up towards 220 for a retest of trend.
$BA Short Term EW Analysis$BA Short Term EW Analysis shows a price up in short term and bearish pattern for couple weeks period.
$BA | WEEKLY WATCHLISTThis has been swinging around and consolidating since March, very frustrating. However, I believe there is some light ahead of us. Patience is key for this one and will pay off. Sitting on major trend line support and expecting a bounce. Conservative target zone marked around $237-241. Next target above is around $264.
BA - wave theory - should see 3 waves to upsideNeed to hold July low, if that breaks this count is invalid. Near weekly uptrend support, should see 3 waves to the upside. MACD starting to curl
BA: Watch for the bounce backAs we had more and more bad news and fast-growing covid cases there was a general downtrend beginning from March. Now we are getting to good levels of support to buy.
That’s my trading setup
1. Buy: 204.83
Stop loss: 203.23 (-0.74%)
First Target: 220.69 (+7.68%)
Second Target: 230.49 (+14.49%)
2. Buy: 192.53
Stop loss: 191.07 (-0.70%)
First Target: 204.83 (+7.09%)
Second Target: 220.69 (+15.43%)
I think it is more likely that we see a bounce back at 204$ range. We have the opportunity of a double bottom, have support of the 400 SMA (orange) where we often saw great support (green marked). Daily RSI is oversold (bullish), MACD is pretty neutral.
At the second buy we reach the bottom of the parallel downtrend line to bounce up and double bottom with the strong support of 192.49$.
$BAIt’s always good to look at the higher timeframes, Boeing still in a uptrend on the daily/weekly charts.
Might be a good time to put this on your watchlist in case of a break of trend or reversal.
- Factor Four
UPDATE on Boeing! Price to important level!Hello everyone!
On my last analysis I initiate a short position, check this link:
Now, I come with the update:
- The price is at the last low point and in the 50 Fibo level, I am thinking to close 50% of my trade and leave the rest in market!
- My other 50% position left in market i will secure because we already sell from price 235 and I am looking for Fibo 61.8 - 66 Level, at price 195 - 189 because we have an important psychological level near (200).
If you want to go more deep, you can go for 100% of the Head and Shoulders patter at price 175.
Enjoy and have a great weekend!
Boeing's landing gear is out $BA Boeing seems to be in the aftermath of a rising wedge break which will likely look for support around the point of control.
The volume profile used should support that at 172.30.
Afterward, I would expect Boeing to be buy again but I am hesitant to assume how deep the rising wedge retrace will be.
BA bear flagclosed below primary trendline for the first time.
fell below 212 fib support
Today's close will be conformation
Yellow lines - Bear flag
White lines - downtrend
First target 195 support of downtrend..
NCLH has similar chart.
My opinion, big institutions are dumping this ahead of travel restrictions this fall and winter.. Look at the drop in volume. nobody is buying travel and airline stocks
BA @ bottom of rangeLooks like BA is gonna bounce off the -2SD line again and go back to the +2 SD line for a PT of $300
$BA - Ever seen a bullish crab pattern playing out!BA is currently playing out Bulkowski's Bullish Crab pattern. The pattern starts from 0 to A, B, C and D which completes the Crab shape pattern.
If this patterns holds true the price should reach to E which is around $260. It doesn't mean it will stop at $260 but its a good place to take some profits.
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
BA will take a slideBA has quite meaningless gain lately, recovery aint as good as thought.
I think boeing has not completed it's downfall, predict to go down to around 185 soon
BoeingDisclaimer/
On average, 90% of all stocks move down with the market, and 75% - up.
The wave principle applies to some extent to individual stocks, but counting waves for them is often confusing and has little practical significance. But since the company has a large capitalization, we assume that the state of the shares depends on the psychology of the masses
BA rejected at H&S neck lineGreenline -Primary trend support
Yellow line - H&S neck line
White line- Possible bear flag /Minor support
That H&S took almost 10 months to form which means its strong resistance there. Boeing will need a strong catalyst or company news to break above that neck line.
If it falls through bearflag
Tp 1st Is purple line (200ma/Fib support)
Tp 2nd Primary trendline
Bullish scenario - i wouldnt go long here unless it can reclaim 245 fib support. That would put it back over its 100/50ma and H&S neckline
BA SWING UPDATERetesting trendline watching for entry here, holding some $240 Calls 8/27 from 4.00 as a lotto
Note: Please be aware this is a very risky swing idea because of the delta variant.
Not finacial advice just my opinion.
NOT Financial Advice. $BA to cross this trend linePlease do your own DD. This is just my own simple analysis on $BA
BA: Make or breakLooks like BA is poised for a run up given some of the recent good news. This needs to be supported by the broader market of course, but if things align, and we break out of the flag on the weekly, a run up to 300 may not be out of the question. A hedge to cover the bottom of the flag may also be a worthwhile addition if going long before confirmation of breakout.
BA FLAGGINGGive this a peep im taking calls out of the gate tomorrow, 8/20 240C ride it out lets get it.
