BA
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 falling channel wait for the BREAKGo long on the break to target high 200s. BA falling wedges always work nicely. Don't forget that we will see rotation out of growth tech to industrials. Reopening play as well.
BA (BOEING) Breaks Symmetric Triangle PatternBA (BOEING) Breaks Symmetric Triangle Pattern.
Wait for price to retests broken triangle and then take long trade
BA Falling Wedge BreakoutGreat bounce off the 200EMA and with summer around the corner which is bullish for travel, with value still in play, there is lots of room to the upside on BA. Strong move today, with a bullish hammer indicating this may be the reversal we want to see.
TDOCIf TDOC stays under 167 it can make its way down to 154, 148, 135. If TDOC can get back over 175, it can make its way back up towards 190.
bullish pennant on BA Looks ready to take-off. Previous all-time highs were in the 400s. Global travel is opening up and airlines need more aircraft that are efficient.
BA - Healthy Correction Phase.BA - waiting it to finalize the correction and entering in the demand zone will give us a nice RR
$BA Daily Setup Just Got Better 4/15 Quick Video analysis on $BA Daily triangle resistance broken. Yesterday was a retest of that resistance so we should see a move up today market willing.
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!
