Keeping an eye on BA LONG Once 370 level gets broken I expect to see a steady climb to 390 levels. Keeping a close eye on this one.
BA-2
$BA 372 Resistance Idea IF BA Breaks over 372 and holds I think it can see 380-385 rather quickly , but if breaks below 365 and gets pressure due to the whole plane crash issues and fades stock can see 354-355 range.
I'm betting to the downside right now with NOV 16 362.50 puts at 4.80 , stop loss around $3/3.50 or if stock gets over 372 and holds.
This is not financial advice , just giving my opinion and what trade im making.
Watch | Baerish Divergency | Boeing NYSE:BA
Boeing could form a bearish divergency should MACDs tick down on the Daily, or at least don't spike as much as on the former high and then tick down.
Good candidate to watch.
BA.. on point. and there we go - Right at the support line. Expect more selling tomorrow and next week.
$XLF bullish credit spreadNew bullish credit spread on XLF (financials) for OCT 12! Not this Friday. Solid movement this morning in the market and financials is starting to show strength. Decided to take this move out two weeks to allow for the bottom to confirm and some bullish movement to occur.
Entry 27.79
Max profit 28.50
Break even 28.14
0.38:1 risk/reward
BA bearish butterfly and daily shooting star combinationFirst of all, I don't really want to short this name.
But this trade is too good to ignore, a harmonic pattern and daily shooting star combination!
I won't take the trade as I don't have other conviction to short Boeing at all,
but I would very like to record this trade down and see how it goes yo!
Still, this is a better sign for the bulls to take some profit rather than for the bears to create short positions.
Let's see how it goes!
Drones and Virtual Reality - A Spec PlayShares of ARTX look interesting as a speculative play for longer-term investors. The company is in the fields of drones and virtual reality, with recent contract wins with the US military.
At 3 dollars and change, it's a cheap way to play on the long-term growth in those areas, which are bound to see strong growth for some time.
Immediate support lies at $3.35, with additional support below at $3.10 and then $2.70. Upside targets are $3.75 and then the highs at $4.35, or +10% and +28%, respectively from today's close.
I jumped in via calls, specifically the February 2019 $2.50's (currently I.T.M.), paying $1.15 for them. Breakeven comes at $3.65, or 7.4% higher from here... and being so far out, there's plenty of time for this to work.
It may grow in to an investment after I can dig in deeper to fundamentals. I'll update this as more info is known to me. For now, consider it for a spec play or at least keep it on the radar!
Happy trading!
BOEING COMPANY (THE) - Long - Ascending TriangleWe are looking BA and we have this ascending triangle in the weekly chart. We'll be monitoring it but its a long term/swing position as weekly movements take a bit of time to develop.
Conservative play: wait for close above 364.73 and long with short below the formation
Entries: 365.17
Target 1: (trailing stop-loss 25 usd / choose your own targets for taking profits)
Stop-loss: 348.98
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Both of triangles confirm advance (BA)Triangle in left chart is elliotic and in right chart is classic. Both of them indicate to rising trend. trade conservatively with your own plan.
Selling Boeing shares. On the daily chart of Boeing shares, I expect the price to drop in the C wave of the ABC corrective zigzag. Thus, I placed a pending sell order at the latest down fractal. Stop loss at the previous up fractal.
$BA Boeing - Long Term Pennant$BA Boeing - Nearing the resolution of a long term pennant pattern which began earlier this year. I'm expecting an eventual breakout to the upside. Targeting a return to the area of previous all-time high in the mid-370s by November.
A Still Shaky But Now Stretched Stock MarketTechnical indicators keep flagging the stock market's underlying weaknesses. Still, the latest shallow selling is a bit over-stretched.
"A Still Shaky But Now Stretched Stock Market" drduru.com $SPY $QQQ #VIX #AT40 #T2108 $BA $BIDU $CAT $GLD $SLV $DXY $USDTRY #forex $M $NFLX $RIO $BHP $USO $WHR
Selling Boeing sharesOn the daily chart of BA shares, there was a change of trend into a bearish one according to Bill Williams` trading strategy with a recently formed sell fractal. In addition, with high probability, the price is at the beginning of the C wave of a bullish Elliott wave cycle.
Boeing Buying OpportunityBuying boeing after this reversal pinbar pattern appeared on the daily chart. Expecting prices to continue higher.
Cheers :)
#BA sitting right at the resistance line, now support (for now).So the day ended with #BA sitting very close to what used to be the resistance line (it's now working as support for now). If a sell-off starts tomorrow (which most likely will happen due to option expiry and being a Friday as well other noise), #BA can see itself go down back to 351, which may complete Elliott-Wave #4, before heading back up.
Still LONG on it, but cautious as ER approaches and as it appears to exhaust all of its catalysts this week.
Target Hit for today. #BA working and trying to get past that resistance area. Blow past that, and it can hit up to the next one easily (~363). Otherwise, failure back.
Short BA for a target of 340Short BA for a tgt of 340 with a stoploss of 360. It was showing weakness on a 15 min chart and has a limited upside in the short term
Overbought Threshold Rejects A Stock Market With Crossed SignalsThe headlines are headwinds, then tailwinds, then headwinds all over again. The stock market ominously pulled back from overbought again.
"An Overbought Threshold Rejects A Stock Market With Crossed Signals" drduru.com $SPY $QQQ $IWM #AT40 #T2108 #VIX $BA $TOL $BBY $AZO $MNRO $ULTA $AUDJPY #forex
