Boeing Co (BA)(NYSE) Buy $378.50 >>> $414.01 (Good News)Boeing’s Earnings Report
This morning, Boeing management reported its quarter and investors sold Boeing’s stock down on the headline … at first. As of this writing, BA is back in the green to the tune of 1%. And therein is the opportunity.
This is a stock that has already suffered all the consequences it can suffer from its 737 Max incident, so now the upside potential makes owning BA shares the right thing to do.
Looking over Boeing’s earnings report , the metrics were fine, but the most important parts were that management pulled guidance for the year until a later date when they have more information from the authorities about the schedule for its 737 Max planes. BA also paused its share repurchase program, so that it can preserve its operating $2.8 billion cash flow (which is excellent, by the way). This is down 10% from last year’s but within reason considering the operational debacle BA has had to deal with.
Bottom Line on Boeing Stock
In the end, owning BA shares from these levels will be a winning investment. Short term, there are levels to trade for those who prefer to be active in Boeing stock. There is an open gap to $392 per share. Above $400, Boeing stock could spur a $30 rally to close the gap that is even higher. Conversely, below $360, BA would be in danger of testing $320. The right thing to do here is to hold BA stock for the months to come. The upside opportunity far outweighs the downside risk.
NYSE:BA
Boeing Co
Stock - NYSE (USA)
Profit:Risk = 2:1
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Buy = $378.50
Take Profit = $414.01
Stop Loss = $361.00
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Take Profit = +9.38%
Stop Loss = -4.62%
BA
PLANET SHORTS. Jk. Be patient... we may have another leg upI'm showing this chart in this fashion for a few reasons. Let's take a look at the EW count. We have just completed wave 3 of 3 of the largest count. Currently going into wave 4 of 3 and should wrap this up in the next couple days. The EW count suggesting that we still have another leg up is justified by the 4 overlaying indicators here- let's take a look.
RSI: yes we bounced off the divergence of the daily, but we have a ways to go before reaching a critical limit suggested by the supporting RSI. The EW count suggests we can continue to be extended. We took quite a hit on the RSI when we fell ~3% last week, leaving room to continue the upward price action.
MACD- tapering off but still bullish.
ADX- Green is above the red, still bullish.
ICC - falling out of the sell zone, but this chart does not have an extensive history so I wouldnt trust this indicator as much. What we can deduce from this is that we are heading toward the neutral zone. This should deter us from any impulsive selling.
Fib time zones- the next wave lines up well if you count the 1 to the 2. WE AREN'T THERE YET.
Ultimately, if you believe the EW count, and interpret that the indicators are not suggesting any impulsive selling, then you should wait to short this. Major indexes suggest a small pullback is coming. This may come right before earnings season (early this week), and allow for a setup to go long for wave 5's.
See my long term chart for what the heck is still to come. GOOD LUCK.
Downtrend momentumDue to recent news of Boeing 737 Max, we could potentially expect further downtrend. Boeing has been under lot of criticism. We all know that Boeing is fairly strong company. However, I doubt Boeing will recover anytime soon due to the recent negative PR. The regression trendline explains 60% of variation associated with current trend and price. If we were to interpret in probability, considering two variables: trend and price, we could expect 60% chance of continuation of downtrend. One thing to note is that we would also consider the possibility of temporary rebound before further decline (RSI, Stoch and MFI are bottomed as of now). Since Jan. 30 gap was filled, Boeing could well break 362 support level.
Boeing the stumble of a giantthe stumble of a giant undoubtedly the current problem with the plane model max has brought a blow to the coffers of the company. added to this is the stagnation of the product . and the compensations and more. but in past occasions this giant underwent stress of great magnitude and with the the time to time the giant was reincorporated to take the next step.
Boeing: Will it fill the Gap next week? What's next?It's been a month since Boeing's share started taking hard hits following the crashes of their 737 MAX aircrafts that gained a lot of unfavorable media exposure. The biggest hit was the March 11 1D candle that left a big $13 Gap.
The recent (since 2018) price action on BA shows that every 1D Gap (either bullish or bearish) was filled. So in technical terms one can view the recent 361.50 bottom due to the 737 MAX crashes, as a technical filling of the January 29 - 30 Gap.
It is reasonable to expect that the 737 MAX Gap will be also filled so our target is now 415.60. The question that remains is what is next for BA? Based on a similar price action during May - July 2018, we may see a 0.8 Fibonacci retracement at 428.50 as a temporary top. Then depending on the price action, the situation needs to be reviewed as with this kind of volatility on the monthly chart (ATR = 53.0614) despite the obvious long term uptrend (RSI = 62.909, MACD = 47.210, Highs/Lows = 8.9928), anything is possible. The goal for investors is to take advantage of those Gaps and primarily buy the dips.
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Short and long off the resistance and support.TradingView
Open position at $400.56
Stop loss at $403
Take profit at $379.6
Why this play?
we just saw that the fault is due to Ba software, plus all the planes are still grounded all over the world, so take a look at the fees they are gonna have to pay.
there is no way they are walking out of this without a scratch. based on that, i would consider their profit for the last quarter to be erased and see them going back to the $300-$360 range that they were trading at in 2018.
BA Boeing- Don’t Even Leave The Airport (DELTA)NYSE:BA
I wouldn’t touch this one with my A-hole sister’s money, which was probably stolen from me. I’m hearing words like “unprecedented” and “Never in aviation history”..
-5,111 Boeing 737 MAX’s ordered
- 150 delivered and were in use. (until last Weds)
-$100MM - the price of one 737 Max
that amounts to over $510B of potential future write downs = HELL NO. My brain just exploded trying to think of the effects to earnings and the 2% dividend. Ka Boom.
BA inside day for short-term momentum traders!BA didn't fall as much as I thought after the crush accident, and there are still many people who takes the dip as a buy-low opportunity.
Here we got this inside day, a very good chance to use direction it breaks as reference for intraday trade.
More inclined to take the short though.
Let's see how it goes yo!
BA possible supprt buyAs the news from BA that their planes are practically falling out of the sky is pushing their stock price down to pre earnings levels, we see a clear support level forming. This trade will certainly take time before it even begins to show signs of a recovery. Once it gets some upward momentum and forms a nice base We will look to buy. as for right now we watch.
Looking to short Boeing $BA for a potential $40 (10%) move.After a parabolic move up, then a breather, and another 10 straight weeks of aggressive gains...I am looking to short Boeing on a pull back from the $420's down to the $380 range. Currently trading at $422.
Special tips:
- I cite "Irrational Exuberance" as the reason for this short, however...
- Remember that "the market can remain irrational longer than you can remain solvent".
- In other words, don't bet the family trust on it. A move over $440 can tear the face off of shorts one more time as it did in its last break higher.