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Boeing

MO BOEING UPTREND● Boeing stock price has been trading for a few months in a sideways channel with a price range of $145 to $180 primarily due to uncertainties over the Coronavirus crisis and issues with its new 737 MAX plane which has been grounded since early 2019. ● Since last week Boeing stock price started to increase after the US FAA (Federal Aviation Administration) took test 737 MAX which is considered as a final stage before getting on the license to fly again. After the test flight, FAA test pilot Steve Dickson said that he liked what he saw on the flight, and the stock price immediately reacted positively despite that the final report hasn’t been released yet. ● Expectations that the FAA will soon release a final report over Boeing 737MAX and renew license for further production of the Boeing best seller model increased investment sentiment and demand for Boeing shares on the stock market. ● Another good news for the entire airline industry came from the US where Republicans and Democrats agreed to help the airline industry with 25 billion dollars despite that the overall deal over economic aid stuck and regarding the latest information delay until the presidential elections ended. ● According to the Technical analysis, the stock price breached and managed to stay above the 20-day Moving Average, which can be considered as a first resistance level. Also, the Daily Relative Strength Index recovered from the low 30 trying to breach above level of 50. If the value of RSI manages to breach above 50 and the stock price remains above $160 the price may probably go up toward the Resistance 1 level of $181.
NYSE:BALong
by walidmektoubi
$BA 200 Ma's Mimic 50 Ma's Cross - Heavy BullishPosting again, I've been playing with curved channels trying to see how many taps the trends get on each line and see how "tense" the bends get and how they launch, break, or snap the price in any direction. Here we see the initial rally post Covid correction I have 1 50 EMA (green) and a 50 MA(red) to try and create a clearer signal for shorter term bullish conditions or simple upward movements. I also use the same mix for my 200's EMA (blue) MA (Red). notice how the 50's crossed, even the space they created and closed between each other. We see the curve channel tighten then drop to the lower channel and launch upward. In similarity we can infer that this is about to happen as the 200's are mimicking the same shape and space as the 50's did when they crossed. The candles dipped to bottom and were supported by the long term trend line, tested the recent lows trend line from and have a strong likely hood to break through. The 2hr and 4hr Stochastics maintain momentum, while the Daily has crossed with 2D & 4D making their way. Should be a massive October!
NYSE:BALong
by Alienworkshop
Follow Up on Long Term Trend LinesFollow Up on Long Term Trend Lines - showing a curved channel funneling the trend, Recently rejected at 168 levels of bottom trend line (pink), but breaking out regardless, strong support on historical bottoms (blue) would be surprised if we don't see 190 test before Oct 10th, expecting 170 this week, with regular retests as it gains strength through 180 - 190 following breakout of channel toward +200s before EoY. See my Wyckoff example. May get shares here but mainly playing options - weekly's, October and December Monthly's plan to flip and move out as time passes.
NYSE:BALong
by Alienworkshop
Boeing Range boundStruggling to pick a direction many airlines stocks have been stuck in a range bound pattern which is also seen here in Boeing (BA). Currently back towards the center of the range there is an equal opportunity for both sides to see some price action. Although As volume starts to dwindle and less activity is seen for new orders of aircraft, the outlook is unclear for whats to come next. Playing uncertainty in your favor can be of benefit when shorting options spreads.
NYSE:BA
by AirMarketGroup
BOEING PREPARING TO DUMP? OCT TABOEING is down over 50% from it's highs back at the start of the year. Will BA have enough strength to hold through or will it lead the market down another hole... ~ The stock currently sits above what has proven to be strong support @ $153 but before we play this one we need confirmation. Watching the orange trend line as support/resistance, it holds strong on the weekly timeframe. Possible long on a break and hold of resistance @ $190. Upside targets: $234 Possible Short Entry pn break and hold below $153 Caution needed with this stock as it continues its push up. Seems like it's due for a correction in a few months. DotcomJack | Michael Jordan of Stonks
NYSE:BA
by DotcomJack
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