$BA - Watchlist - Wait For 50MA$BA has looked good of late. Closing above 200MA. If you're looking for confirmation you could wait until the 50MA cross up above the 200MA as a buy signal. It will likely be a buy signal for a lot of people. But I wouldn't fault anyone for jumping in now. Definitely seeing some accumulation volume as well.
Boeing
Boeing headed towards $197simple quick analysis
right under price range with hour chart about the break bullish
4 hour and day chart already have upward bullish momentum on the MACD, dont expect momentum to stop on the upside
easily will hit $197
confirmation with SPY hitting new ATHs and Futures up as of Nov 15 2020
Boeing to $197, about 95% sure this will hit
huge gap to fill between the Price Range of: $158 and $172 although i do think this gap will get filled AFTER we retouch $197 (Up 5% from here)
Option Play: BAStock broke out of falling wedge on 11/9, following big news with potential clearance of the 737 by the FAA and also a massive order through the US Gov’t with Saudi Arabia for up to 10Bil in F-15 orders. Some “bad” news dropped mid-week about potential FAA setbacks, but it was just a wonderfully executed shakeout. 737’s could be cleared by Wednesday 11/18 and we are already hearing of some airlines picking up the orders that others were dropping. Stock still has a long way to go to recover, but given it already attempted a 212-230 breakout, this one will match that or be even bigger. (249 would be my last target if your were ballsy) Any potential stimulus relief will include airlines and absolutely sky this industry, so keep watch. JETS is a good ETF to watch that mimics BA. Main levels for me are orange lines above. Sitting in 190c for 11/20 and 200c for 11/27 with a 185p hedge for 11/20. Good luck if you play!!
BA/ BOEING running +6.4%! Will this be the start of a new trend?OUR STRATEGY EXPLAINED:
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
BA - Best Entry PointAfter an earnings call that showed some signs of life moving forward (but still losing money), this looks like a great entry!! Hitting previous demand area and will bounce soon with the market. (Or continue to try and touch the bottom of this wedge) Good luck if you play! Still sitting on large unrealized losses from the previous breakout watch. Bought enough time to hold and wait for the bounce!! Thinking this is a big shake out...
Boeings elliot wave Boeings 5 waves (elliots wave) have been completed and the price has retraced to point 4. Their recent earnings are being made public tomorrow; assuming they wont be great at all due to the coronavirus pandemic slashing its production rate.
I can see the price falling close to point 4 again, perhaps $135-$140.
BA - Breaking Trend Line, Breakout On WatchIf the price can close today above the trend line, look for a gap up soon. Volume today has been great. Momentum is building and premiums are rising. Looks like they’re preparing for a big move. LUV just reported a beat today, new missile project, 737 soon too be in use, the news is too good to ignore!! Get ready!! Last step, government relief!!
BA - Short Term Gap Filled, Middle Ground Gap from last week has been filled. On the 4hr we’re still above the 26 day average for green ichimoku cloud, which will help average up that longer term line and push the stock out of this wedge, starting the breakout. Keep watch. If 163-164 gives way, we can see a lot lower. Beware of earnings coming soon. Will need stimulus catalyst to breakout.
Live Intraday Trading - Profit Taking !!Profit Taking !!
A stock opened up higher ,the buyer's were getting a very good profit at that opening so you can expect some profit talking.
It got rejected from the high's along with the market . Then , again the stock tries to go higher but fails again and that's the confirmation for me to go short .
Oh BOEING, you dirty little son of...Boeing is loving this channel, given enough downward momentum we should see the lower target sooner than later. Obviously, I see a possible short happening soon, although I hate to chart Boeing because you never know when Big Brother will come in and hand them money. I have a target of $136- $144. This is not trading advice.