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Boeing

BA Filling Out Huge Triangle1. Boeing is filling out a huge triangle, with the base formed by the 75% price drop from March 2020. It has consistently tested the bottom leg of the triangle and responded with strength, each time reaching the top leg of the triangle. The triangle is narrowing around current price, and a break to the topside would yield significant upside after this long consolidation. Repeated strength at the bottom leg is significant to the bull case, and currently indicates upside strength. 2. There was a fake breakout of the triangle in March of 2021, forming a small peak at 260.00. A few months later, price touched the top of the triangle at 258.00. The next target on the triangle is around 262.00, so the resistance range is 258.00-262.00. 3. Price just tested the bottom leg of the triangle, and the 200 EMA (blue) has fallen out of the triangle. For the bull case, the 200 EMA needs to cross back into the triangle for confirmation of a continued uptrend. Following this, price should test the top of the triangle and continue to fill it out. Earnings at the end of the month could weigh heavy on price, and a positive report can break the triangle to the upside.
NYSE:BALong
by desai0820
1
BA - Symmetrical Triangle" in an "Ascending Triangle?"Boeing received good news, "Boeing Max Edges Toward China Return as Test Flights Near." - 20MA & 50MA above the 200MA. - Bullish Engulfing pattern on Thursday (7/8/21) w/ strong bullish volume. - Bounce off of Symmetrical support. Could revisit 200MA (yellow line) to test a bounce if bullish momentum is short lived. However, I am uneasy about the market in general (inflation, COVID variations, etc.). BA could potentially drop back to $221 before climbing to $253.65, unless more good news is released. Short Term: BULLISH (2 weeks) Hedging with 8/20 Puts wouldn't be terrible.
NYSE:BA
by PerCent_Investments
BA - Ready to pop on big news!Boeing had really good news with chinese aviation officials have expressed willingness to conduct flight tests on Boeing Co's BA 737 MAX, potentially paving the way for the fastest-selling jet's return in China. This is the type of catalyst that BA needs to get out of this consolidation period! -Almost closed above 6DAY SMA! -50DAY SMA will be a small resistance (239.19) -wolfe wave formed (1HR timeframe) today and triggered with a target of 242.70 Contract Suggestion: Short-term trade: BA 7/16 250C @ 1.15 - I opened this trade 15 minutes before close. Long -term trade: BA 7/23 250C @ 2.30 - Looking to grab in the AM if we get some momentum going.
NYSE:BALong
by Ross-Santos
1
BA Should Hold Support Here BA Current Price $237 Price Target $280 BA $240c 7/9 ($181,2% till breakeven) (Outstanding) Boeing Shares fell sharply on Friday after yet again another plane issue that caused a cargo ship to land in the ocean. Only two people were on board the plane and both have no significant injuries.I think BA will be able to move past this issue and continue to receive more orders and be a beneficiary of the reopening. After the holiday weekend Im expecting big travel numbers which should help a travel stock like BA. Technically on the chart we have a firm support level around $235. We should hold that level and trade up to $245 in the short term.
NYSE:BALong
by Value-Invest
BA - Look to LONG!DOW had a nasty pullback today as Boeing drags it down. BA had bad news regrading FAA approval and delays with the 777x. BA formed a cup and handle as well as an inverse head and shoulder with a breakout at the 256.67 level. I like how BA bounced on that 50day SMA and used it as a support. I'm looking to long BA 3 to 4 weeks contract for a possible gap fill to 248 and possible test of the breakout level. Contract Suggestion: BA 7/16 255C @ 2.15 (12.7k OI with 6.4 volume today) BA 7/16 260C @ 1.55 (11.7k OI with 3.6k volume today)
NYSE:BALong
by Ross-Santos
Boeing Stock Eyes Conflicting Technical Hints, What to Prevail?Boeing stock continues to be pressured by well-defined falling resistance from 2019, maintaining the dominant downside focus . Bullish crossover ( Golden Cross ) between the 2 0-day and 50-day moving averages seems to be around the corner, offering near-term upward bias. Further gains to place focus on March 2021 highs. A turn lower has the May low eyed, but a potential rising trendline from 2020 low could maintain the medium-term upside focus. NYSE:BA
NYSE:BA
by QM_Dubrovsky
1
$BLNK $BA $GLD $BIDU I OptionsSwing WatchlistBLNK 4H I Breakout from massive downtrend, has to hold the $24 level for continuation. As the infrastructure bill is discussed, we expect to see some of those efforts to focus on electric vehicle stations. BA 4H I We caught the whole move on BA. After breaking out from the falling wedge we have seen BA with strong momentum to the upside. Expecting to consolidate between $240-$250 before seeing a continuation to the upside. GLD 1D I We also caught the breakout on GLD. As long as there is uncertainty and inflation fears in the market, we will see GLD continue with its upward momentum. BIDU 1H I On the hourly we are seeing an ascending triangle on BIDU. Its getting tight, so we expect a move this upcoming week. Although this pattern tends to be bullish we remain neutral as we can play a breakout to the upside or downside.
NYSE:BA
by optionsswing
1
Boeing Shares Likely to Take Off SoonAs government restrictions in the U.S. and elsewhere ease, so the global tourism industry is likely to recuperate. This would naturally boost airline stocks. With regards to Boeing, the share price recently concluded a major Descending Wedge, which entails probable trend continuation. The pattern bottomed out at the 250-day MA (in red), which was followed by a reinvigorated bullish bias. Subsequently, the stock price went on to break out above the 23.6% Fibonacci, the major resistance level at 240.00, and the 100-day MA. All of this underpins the robust buying pressure at the moment. On the condition that the price action establishes a throwback to 240.00 from above, this would represent bulls with yet another opportunity to go long at a discount. The major resistance level at 275.00 (upper part of the Wedge) represents the first major target for the uptrend.
NYSE:BALong
by Trendsharks
2
#BA - Two path, same destination. Since March 15th, BA has been struggling with a two month downtrend after a good 2020 price recuperation. Its clear how the downtrend was loosing volume and strength with the pass of the days. We can observe, a really good bounce on 220-225 price level (Previous key resistance) and a breakout of the midterm downtrend. Still really far from 2018-2019 prices, BA its showing a decent recovery and I think our first target is the last maximum at 278 USD. Last week we had a +14% increase, so I expect a little correction here and a bounce at 240 USD level. (or maybe not). Two possible paths, but the same destination. A - Opening position: 250USD - Stop Loss: 230 USD - Price target 1°: 278 USD - R/R: 1.44 B - Opening position: 245USD - Stop Loss: 230 USD - Price target 1°: 278 USD - R/R: 2.77
NYSE:BALong
by aoberninger