Boeing's wild ride!The aircraft manufacturer has really gone through ups and downs coming into 2020.
Contributing to the recent declines have been the ongoing issues with the 737 Max crashes in 2019 which led to the FAA suspending the aircraft from flying hurting many airlines such as Southwest, United Airlines, and American Airlines. Also adding to the pain is the Coronavirus pandemic which has suspended all non-essential travel nationwide.
Boeing traded at a low of $89 on March 18th, 2020 and today traded (March 25th) at a high of $174.77 due to optimism amid congress passing a stimulus package that would grant passenger and carrier airline $58B in loan or loan guarantees from the federal government. Buyers who took advantage of the recent lows have already made 100% returns on the stock and Boeing pays of $8.22, that’s a 9.23% yield for those who bought when BA was trading at $89/share! NYSE:BA
Boeing
Boeing (BA) Trend Reversal?Boeing (BA) remains bearish on longer timeframes by most measures.
However, our Fractal Trend indicator’s short signal that began Feb 20th ended today, March 25th.
Despite this, we are already seeing a reversal of the current bullish trend as price reacts to the previous range.
Will be looking for reconfirmation of a short trend according to Fractal Trend in the coming days or to see Fractal Trend stay strongly bullish and us break the current resistance range we are testing for any kind of long setup.
Boeing, Buy with 75% discount!The price decreased by 75 % last time.
This company shares are very lucrative, so if you want to be a Boeing holder you can buy here or wait for the price will fall lower at 80-100% zone.
Potential profit can be 10 times bigger than the risk.
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BOEING going downPotential Head and Shoulders Pattern
Bearish Divergence
Massive volume spike as it was sold down from its peak - noted by the black arrow on 4 March 2019.
Target for head and shoulders pattern and 0.618 retracement on weekly chart basically line up.
Looking for a potential drop to $185ish
I'll be starting to buy once it hits 0.50 retracement
Will History Repeat itself? There is an incredible long term Channel in place in BA's stock, supported by some historical recession RSI levels. I am wanting a shot at the lower trend line but if the macro trend shows reversal with a higher low higher high scenario i will be willing to play the stock long but keeping a close eye for an exit and re entry closer towards 80. Side note 100$ price level holds a key $ value along with a previous resistance area turned support.
BoeingBA TREMENDA baja ... solo para recuperar el máximo tiene para subir + del 350% !! Es una empresa ENORME y líder en lo que hace, una empresa que es CLAVE para la Fuerza Aérea de EEUU, jamás la dejarían quebrar así que ... es una oportunidad única ! ahora ... compramos ahora ? no todavía ... a seguir esperando que se forme un piso
Boeing, Still No BidAn update to our previous estimate. At current, it looks like there is no bounce for BA. We are exceeding a 70% decline since the start of the #Covid19 outbreak and a near-80% decline since the engine defect back in early 2019.
At some point, I'd expect an asset backing to come into place - i.e. equity relief, or cash injection/short term maturity bonds.
BA - going for 85-90% dropHello everyone, right now the Covid - 19 started this drop, but we are going further into a crysis. This is so far the biggest drop ever in history of BA. We are looking around March - May for most likely 40-30$ to get into a big LONG position. This is could be once in a lifetime opportunity, so keep an eye on the price. We are most likely going to see correction soon to the upside for 1-2 months, because we had way too big drop, plus in a few months there is a big possibility that there will be found a vaccine for Covid - 19, so this will trigger correction, but don't let it fool you, we are in a financial crysis and usually those last from 1.5 years to 2 years. Make sure you have cash for next year, this is a amazing buy next year!
This $BA selloff has been on for the history booksBoeing, which was a leader of the DOW on the way up, is also leading the way down in dramatic fashion. To put it into perspective how bad this had been, the two horizontal blue lines represent the two 737 crashes, and after the March crash all 737 Max planes were grounded; afterwards Boeing started to trend down, making lower highs and lower lows. The red horizontal line is when WHO deemed this Corona virus "COVID-19" and since then its been nothing but bad news.
Taking a look back in time at the 2001 dot com crash and 2008 financial crisis, both had similar retraces, but over a much longer period of time. The retrace we are experiencing now is much more aggressive than the other two; last week we had 224 million shares sold, by far the most volume this stock as ever seen.
Going forward, I expect more volatility, but I'll probably be looking to DCA into this company once it falls to the .618 fib at around $60. They're a company that's "too big to fail" if you will. BA accounts for 2% of total US GDP alone, employee ~161k people, have multiple defense contracts, and is a poster child of America.
Boeing BA - Opportunity of a lifetime?Flying from London to Barcelona for 20$?
Flying from Berlin to Rome for 15$?
Gone have the good old days of flat-rate flights. Travelling has once been a luxury and my impression is, that it will be a luxury again, very very soon.
I am not sure if Airlines such as Ryanair, Easyjet, Wizz Air, Scoot, Tigerair and even bigger, national Airlines are going to survive the Corona Virus.
In regards to climate change and our nature, Covid-19 may have hit our world at the perfect time.
Target for Boeing? 40$
Happy Trading!
BOEING VIRTUALLY BANKRUPT WITHOUT A BAILOUT This will be one a the biggest financial scandal of all time and a symbol of CEO incompetence , misappropriated rewards and criminal Fraud/ cheating / negligence at its highest level without consequences for the said CEO
This is an encouragement for all greedy CEO to take the highest risk possible to gain short term bonus at the expense of the long term consequences on the company viability
Dennis Muilenburg, Boeing's former CEO, left the company with $80.7 million in pay and benefits, after being fired over two aircraft crashes that killed 346 people in total. Now he can add to this the collapse of boeing
He will be the only one benefiting from his criminal actions and has been paid hundreds of millions for doing it over the last 5 years
He deserves to be prosecuted and sue until he got no money left and his family
Justice need to be made
Maybe you can grap some fruits toTrading is not about being right or wrong. Trading is not being in the market all the time. But it is a response center where you check your analysis. Do you want a infinite cost to check if your analysis is wrong? Then don't use a stoploss. Do you want an infinite return which could possibly turn into a loss due a long period? Or do you want a set goal which is hit?
Trading is not only analysis but also your mental state. Mental control or mental analysis is what makes you a winner.
NIMBLING in the stock after a HUGE drop from 320 strong supportStarting with very low investment for long term investment I am very scared that this may go burst as the combination of the Max woes and the loss of clients because Airline will implode is a fatal blow to BA
But hey I am still dipping a tiny amount to play with in case this whale is really too big to fail and we see a sharp rebound after today 20 % dip
I ALSO BELIEVE THAT THE EX CEO SHOULD BE CRIMINALLY PROSECUTED TO HAVE ENCOURAGE CRIMINAL NEGLIGENCES AND FRAUD AND CHEATING WITH THE MAX PROGRAM , for Ruining investors , for putting the company,y at risk of collapse and the company should sue the CEO for clawing back all the bonuses and rewards and share packages since he took over as now the share price went dam to the level he took over and the huge rise was based on smoke .
Just my views until they/CEOS don't pay personally this type of behaviour will continue FOR EVER , this is like a free lunch for them , get all the upside and none of the downside
SPX to 2300 before major bounceThanks for viewing,
I am of the view that the major injection of liquidity will cause a short-term minor bounce and then downward again. There are major issues with consumers withholding spending, goods can't be made, can't be shipped, and people won't buy them. Liquidity can only minimise the second-order effects of that (delay or defend against bankruptcies). No demand, no supply, but record levels of liquidity.
If you think the worst is over and Munchkin can solve the issue by printing extreme amounts of currency and making a couple of TV appearances, then you should buy. If you believe Jim Cramer, you should buy. If you see how these steps are going to compare to a stream of the ever-worsening news of (I am very sorry to say) an unfolding human crisis then you might see further downside as more than likely.
A little tid-bit of the heartbreak presently;
- There is a video of an Italian newspaper that has 7 times the amount of space devoted to obituaries as compared to a few weeks ago,
- Lombardy (a very wealthy region in a developed nation) is not treating suspected COVID-19 patients over 65 anymore (or patients under 65 that have pre-existing conditions), no assessment, no treatment, and no one attends when they flat-line (no "code blue" crash carts like in the TV soaps),
- Italian Doctors have stated concerns about whether Italy can maintain the functions of a nation state (their concerns don't stop at the hospital door).
Ok, that got a bit dark - but its all true (and music to the ears of Preppers) - how do you think markets will react now that COVID-19 has established a firm foot-hold in the contiguous United States? The average doubling time of cases is 3-6 days so far. I'm scared of how it's going to go and I don't even live there. What is going to happen to Boeing stocks when Seattle and then Washington State calls in the National Guard to enforce quarantines? Look I am not wanting any of this to happen and I am certainly not taking any joy from any of it. Actually, I hope I am completely wrong about all of it.
I may be trading on a break below wave 3 (red line) if I can bring myself to profit from disaster.
Be more like Taiwan (which is a real country - it is not "Taipei and Environs") who ON THE SAME DAY as China announced cases of a new pneumonia to the WHO started assessing passengers inbound from Wuhan. Some countries still aren't doing that. Expect a little more from your elected officials - because their inaction, delays, and incompetence will cost everyday people.
Ok, thats more than enough from me.