Boeing
Boeing - 4h Support ZonesAs a more of a crypto trader, investing in stocks is also my passion.
With the more active vaccines roll out we can see a uptrend in companies for transport and enertainment. People are more willing to go out this summer.
In the chart you will see my idea of a slow upward trend with a price action which is currently good for people who want to enter.
I don't believe that the price will reach the Main support zone but keep in mind that everything can happen.
I used Eliot Wave Impulse to mark the next price movement which finishes at no. 5
Support zones are clear and I do believe we will soon see price around 250 per share.
Entry can happen now on the price action or on the breakout of the last HH with retest.
Boeing is back!I have forgotten about NYSE:BA for quite sometime. But it attracted my eyeball on Feb 23rd when almost every symbols on my trading client are red, NYSE:BA appeared to respond very steadily.
When I studied its price action further, apparently i has formed two solid bases during the last year, and it has also broken the downward trend line on Feb24 with a strong uptick candle.
Toping it up with the vaccine progression, It has given a very bullish signal and should have no problem to hit the 290 price range once it manages to break thru the recent short terms high in 230-240 price range.
MOMENTUM - Engine Failure, Breakout Failure - Boeing $BA - ShortMomentum trade:
- Looking for a quick short in the morning on Boeing.
- Bad news with grounded 777 after engine failure.
- Terrible earnings, terrible indeed.
- BA has NO business breaking out of resistance here.
Not their fault, but shorts will attack. Don't be greedy either in this market. Both sides get chopped!
SL: 226
TP1: 207
TP2: 203
TP3: 190
RRR: 3.0
Boeing Taking Off?!? ✈️Swing Idea: Boeing NYSE:BA broke out of the Daily descending channel and has consolidated into a flag pattern. Nice volume accumulation during this past week with a strong candle on Friday.
Plan : If SPY turns green this next week I like BA for a swing over $220 with initial PT of $240. Watching 3/19 $240 Calls (3.10/3.25).
I will only look to enter BA if the market looks stronger. BA can be a tricky swing due to its constant news reactions but it reacted positively this past Friday (2/19) with hopeful outlook on easing COVID restrictions. Airbus CEO also called for a "cease-fire" in regards to trans-atlantic trade tariffs on airplane subsidies. If there is + news in regards to the airplane trade tariffs I expect BA to move on that news.
Volume: BA trades with an avg volume of 11.28 million over the last 30 days. Would love to see >15 million volume and a bullish close to signify some momentum coming into BA.
LVN: If we break over $220 I'm going to be watching the LVN at $223-230 to see if we accelerate through the resistance at $227 or fail to break above. Not a bad spot to take some profits if you're in the swings in case BA retraces from $227.
*I am expecting this to be a slower developer unless news is released. So, keep an eye on the news cycle regarding trade, COVID, and airline/travel.
*I am also a long term holder of BA shares
Buy $BA - NRPicks Ene 31Boeing is a leading aerospace and defense company. Headquartered in Chicago, the firm operates in four segments, Commercial Airplanes, Defense, Space and Security, Global Services and Boeing Capital. Boeing's commercial aircraft segment generally produces about 60% of sales and two-thirds of operating profit.
Due to the restrictions, the company has experienced order cancellations, resulting in reduced sales. The company could be considered very important, as it is one of the two companies supplying the airline sector. On the financial side, it has consistent debt with respect to its competitors.
Fundamentals:
- Value
- 54.2% estimated net earnings growth for the next 3 years.
- ROE 10.5% VS 12.4% industry.
- Price to Book 1.1x VS 1.2x industry.
Technicals:
- Price level below SMA 250-200-150.
- Williams R% at -89% levels
- RSI (40) Neutral
- -6% average downside during the month
A 20% correction was presented from Dec. 7 to Jan. 27, which stopped at $193.5 support. The stock has no key fundamental reasons for a pullback, in addition, some analysts have raised its target price which should resume the uptrend. Finally, the technical indicators show a positive buy signal.
Boeing is getting in an interesting area For me the pattern is about to get completed
Watching the news closely (Both the vaccine & airline "The company news in 60% of the attention when it comes to the airlines news") and paying attention to the chart also will support your your position here
Do your due diligence
BOEING stocks expected movement!Hi every one
BOEING CO
the BA stocks chart shows that the market is in an ascending triangle this means that after breaking of the triangle upwardly we shall expect that the projected price movement to be as good as the measured price movement
note that the market might experience a little bit of decreasing movement and than starts it's upward movement
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck.
BA Long into 2023+Setup for great long-term hold. Likely to retest ATH by 2023+, with possible future reinstatement of dividend as well.
Key things to note are 02/25/2019 All-Time High of ~440.
Typical Cup and Handle formation with Bottoming of Wave 1 ~120 on 05/11/2020; Wave 2 ~144 on 10/26/2020; Wave 3 194 on 01/25/2021.
Strong Resistance at ~242 evidenced on 06/08/2020 and 12/07/2020.
Strong Psychological resistance at 250 very likely (CNBC propaganda)
*These are CONSERVATIVE estimates*
Good luck!
Feedback kindly appreciated.
As always, do your own research :)