Boeing
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.
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)
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
Bullish MACD Crossover on Boeing (BA) ChartBoeing has been a major underperformer over the last two years but recent price action has seen the manufacturer climb higher gradually. Price recently broke above a major downtrend, posted a bullish MACD crossover and bounced off crucial moving averages. Boeing could be poised to climb higher in the weeks ahead.
$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.
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.
#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
Might keep moving up, test 260, then 277 resistance levels.Please note this is only an idea, invest at your own risk.
Resistances shown in red, supports or trendlines in blue .
I believe it will try to test the 260 resistance, if it breaks above, then expect a retest of a strong 277 resistance. 261->275 could be an easy ride.
Stock is back above 200MA, but short-term MA do not look too confident yet.
Happy to get feedback on my idea.
BA Bullish ScenarioThe daily chart for US company Boeing Co. (BA) experienced a Falling Wedge technical pattern. Boeing Co. is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services. The falling wedge pattern is a continuation pattern formed when price bounces between two downward sloping, converging trendlines. However, on 05/21/2021 Boeing's Falling Wedge broke through its support line. If its price holds above this level, many believe that the company's stock will experience a possible bullish price movement for the next 16 days towards 247.39 USD. When dealing with this asset, stop-loss orders are recommended at 219.07 USD.
Fundamentals:
- Boeing has drawn up preliminary plans for a fresh sprint in 737 MAX output to as many as 42 jets a month coming Fall 2022, industry sources said, in a bid to extend its recovery from the COVID-19 crises.
- The European Union and the United States are working to resolve a dispute over subsidies to aircraft makers and should be able to do so by July, the EU's trade chief said on Thursday in a further sign of improving transatlantic trade ties.
- Both sides agreed in March to suspend tariffs on billions of dollars of imports in a 16-year-old dispute at the World Trade Organization over subsidies for airline manufacturers, Airbus and Boeing. The suspension runs until July 10, with tariffs re-applying on July 11 if there is no solution.
$GLD $BA $AAPL $C I OptionsSwing WatchlistGLD 1D I Amid inflation fears we highlighted GLD two weeks ago. We now expect to see GLD consolidate as the RSI pushes into overbought territory.
BA 4H I Breaking out from a falling wedge after news that it plans to boost 737 Max production. Major support at $130 on the 4H chart.
AAPL 2H I As we noted, QQQ has found support at VPOC indicator shows us heavy accumulation of buyers on the given range. AAPL is a big leader and given unusual options activity and technical analysis we see AAPL finding support near $124.
C 1H I Watching C break above ATH levels. As it continues outperforming the market even on Wednesday.