Option Play: BANot as easy to see this one - But a common scenario when a stock has just gone down through the green cloud and found support at a previous high, is to bounce to one of the MA’s or cloud average indicators (red or blue - forgive me for my lack of terminology). Good recent volume accumulation is showing a gap up day coming with momentum, that maybe they fade. Look to sell all calls that I have when that happens. Good luck if you play!! Give me a like or a shout out if you make money here! If we lose, I’ll be happy to post that I was wrong. Gotta learn somehow! (Btw not long here just a scalp)
BA-2
Trend Reversal Confluences: Down to Up.BA is in a major uptrend. I'm taking the easy ones this time. If only that were my mindset all the time.
Anyway this is a much more clear cut example than my first attempt with the downturn predict.
This example, there is a lot more data to work with and it is easy to draw in control and channels.
Maybe a good thing to learn from this is not to try to predict trend changes so early, but to use the signs as confirmation for a buy/sell entry as the trend is looking young and healthy.
$BA PT --> $305 ---> $328Good retest of previous break out area which is now support $245. I expect $BA to make a run up to the median of the pitchfork level again soon.
Using fibonacci lvls we can see key resistance as pointed out in the graph. $BA is know to move big in a short time period and April is historically $BA best month
Possible Upcoming Catalysts:
C1 - Southwest order rumored to be very big
C2 - FAA inspection of 787 approved and $BA can resume deliveries ✅ ($BA resume deliveries of 787 Friday 26)
C3 - Report second consecutive month of a net positive orders to cancellations figure in second Tuesday of April
C4 - Re-Opening trade still has more room to go especially Boeing who has been lagging among industrials
C5 - Biggest and least likely imo would be for China to end the ban of the 737 Max = the Chinese are huge buyers
BOEING INVERsE HEAD & SHOULDERS 1HThe S&P 500 retreated to its trend support this last week and bounced big time back near all time highs. That being said, I'm bullish on the market this week. Boeing has a very nice looking chart on the daily time frame finding support after a swing high and I've discovered a very clear inverse head and shoulders pattern form on the hourly chart. A break of the neckline will be the trigger for me to look to go long. I'll be buying the pull back after the break this week for a swing trade. Reference my chart for a further breakdown of this trade idea. Thanks for reading and good luck out there!
LMT, Lockeed Reversal? Missiles + Defence Budget + AirlinesSee chart, Possible reversal. Momentum increasing. Should benefit from the next stimulus containg airlines aid packages. It may take some time since the whole market is in the worst shape right now and looks like it really want to correct. If it doesnt LockeedMartin will fly again.
PT: 357$
PT extended: 380$