Boeing Looking to Correct?Symbol: BA
I'm watching this on a range play for a drop to 143 or a high breakout around 157. Overall could be a cup and handle formation and this is the setup to go up. But, patterns on short timeframes like this do not always hold value as they do on the larger timeframes. We are short, looking for 143 and see what it wants to do their. will keep you updated on its movement. Follow us on tradingview for daily analysis.
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Boeing737max
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 emergency landing SHORTbuckle up
unfortunately the following is not a meme but some fundamentals..-Boeing spokesman Gordon Johndroe said Sunday the U.S. planemaker “identified this issue as part of that rigorous process, and we are working with the FAA to perform the appropriate analysis. It would be premature to speculate as to whether this analysis will lead to any design changes.”
The New York Times reported Boeing is reviewing whether two bundles of wiring are too close together, which could lead to a short circuit and potentially result in a crash if pilots did not respond appropriately.
BA Short IdeaAlthough I believe that Boeing is one of the stronger performing companies historically in the grand scheme of things, and though I also believe that they will be releasing some cutting edge technology in the next decade, I'm skeptical of the current value due to so much of the 737 drama over the last year.
Boeing has been selling less and less planes and what would have been plane orders for Boeing over the last 12mo are now instead being filled by the European competitor Airbus.
737 Max models continue to fill employee parking lots and are parked around the world until the company can resolve fears of mechanical and technical issues with the aircraft.
I think more pain is about to come for Boeing shareholders and I'm entertaining the idea of an entry to go long into 2030 and beyond, but at a lower price.
Thoughts?
Trade your own plan, this is just an idea.
BOEING (BA): Too Big To Fail?
obviously fundamentals are dark and horrific for Boeing
but "someone" :)) is still buying it from support no matter what.
I believe that after the actual recovery the stock should drop once again to a strong weekly support
and while more and more people will start shoring, I still think that in the long run it is gonna go much much lower.
the first safest place for us to short is 364 level
with stop above 382 we will have a great chance to short the stock being protected.
I will breakeven the position after 336 level aiming at 308
and then we will see...
Analysis of BOEING 18.09.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 385.00
• Take Profit Level: 392.00 (700 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 374.00
• Take Profit Level: 370.00 (400 pips)
USDJPY
A possible long position at the breakout of the level 108.40
EURUSD
A possible short position in the breakdown of the level 1.1035
BOEING
A possible long position at the breakout of the level 0.9965
GBPUSD
A possible long position at the breakout of the level 1.2530
$BA Where Bad News is Good? Boeing (BA) to recognize charge and increased costs in second quarter due to 737 max grounding; amounts relate to expensing of estimated potential concessions and other considerations to customers and impact of continued lower 737 max production rate; said charge will result in a $5.6B reduction of revenue and pre-tax earnings in quarter and will record an after-tax charge of $4.9B
I'm all about ":flag_us: first, but this has been propped up far too long.
Watching these levels closely. If we break above resistance (red line) 384 area could be next, but there is too much downside risk.
Airlines price targets - non-MAX operators BULL** Credit Suisse says non-MAX operators such as Delta Air Lines, Spirit Airlines, JetBlue Airways and Alaska Air Group to benefit most from reduced supply levels in the form of higher load factors and fares
** LUV and AAL combined have the highest exposure to MAX fleet in U.S.
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Price targets / analysts:
CS downgrades American Airlines Group Inc to "underperform" form "neutral", cuts PT to $30 from $32, citing extended grounding's of MAX jets and ongoing mechanics labor dispute
Cuts PT for Southwest Airlines Co to $51 from $53, while also lowering 2019 EPS estimate to $4.07 from $4.45 due to the airline's inability to capitalize on market demand
Upgrades JBLU to "neutral" from "underperform", raises PT to $19 from $16 due to strong seasonal leisure demand and continued execution of cost and revenue initiatives
Raises PT for United Airlines Holdings Inc to $113 from $111 despite its smaller MAX exposure compared to LUV and AAL
BA - Boeing Long Term RecoveryBA proved time and time again that they are a strong company. Sure there could be some problems with certain segments but overall very few areas of the market can you find this quality of intrinsic value & dividend - Equities at least for this posts sake, IMO.
Clear break of the downward range I've been outlining in recent posts - RSI & MACD need to cool off a bit but today's move also had some recovery from the weeks prior - so pretty expected outcome with todays media coverage also considered.
It's never an easy road to recovering back to ATH but Boeing has potential to make explosive moves in the Short to Near term - assuming media events & a little luck comes our way. 737MAX Clearance coming closer and closer & add 200 more planes to the sales list after today. All good things.
Always long with BA - GLTA
Beautiful BA Price movementBoeing recorded new orders and with their push to "re brand" the 737 Max (Perhaps not a name change) but helping the public gain trust in BA is a great step in the right direction. Industry continues to expand and BA still has BILLIONS in PO and business in its pipeline.
BA will be fine LT, Join in on the discount.
Will Boeing crash - like its planes?Boeings M737 Max problems are said to be over due to its software fix, according to industry gurus out there. I disagree! Why? This is not a software problem. This is a nightmarish legal problem in the backdrop. Earnings on Boeing are expected to suffer in June-July. Like really - are all the gurus expecting bigger earnings when Boeing is likely to suffer a big hit from its legal troubles? Gurus do all sorts of crazy things.
In the charts I show RSI divergence on the Monthly time frame, and two trend switches on the weekly time frame. The 4H time frame shows an ideal position for a controlled loss (i.e. stoploss). Sure - price could bust north on the 4H but there is nothing to say that it can't go south, except feelings, hope and a bunch of emotion.
Just to be clear, this is not a recommendation to short - even if on Monday if price is right, I'm shorting on 4H or 6H.