30% / 11 Day Hold Update (BA)What an AWESOME day as we put in some solid GAINS today on boeing! 💲💲💲
Yesterday we showed you how we were all shooting green with the Crossover strategy and the ema dots on these larger timeframes after the massive selloff. Today we we're able to get up to 30% gains in the last 11 days for a nice swing trade, we continue to hold... what is next to come. ⬇️⬇️⬇️⬇️
Boeingshort
Up 21% Boeing (BA)I believe I alerted you all of the trend shift from my custom trading system on may 24th and said clearly I'm adding long at 141.77! 💰💰💰💰 that's a 21% return as all indicators from the Crossover strategy and the ema dots continue to shoot green! 🤑🤑🤑
Just the other day boeing announced they were laying off a lot of the workforce and people got scared trying to trade the news! Don't trade the news! Trade the charts! 💯
Best of luck to you all! Have a blessed trading week!
🥇MLT | PRO FULLTIME TRADERS
Boeing 3day Firing Green After Massive Drop! (BA)Massive selloff is finally showing green recovery on a 3day time frame.
Current range based off a daily chart is high of 170 and low of 95. A 44% spread.
Now we need to find entry on lower timeframe.
I'm looking at breakout at 141.77 I look to add long.
If failure to break I'd wait to add long for a potential retest around the 120s
3day for now is in favor of recovery. Let's walk with it as we could be looking for a long term position to add to.
BOEING CO (BA) MonthlyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
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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Boeing bear market continuesBoeing may reach support below $205 - $180, but I wouldn't like to bet that it will hold in the medium term.
Boeing was in bad shape even before this virus came along, but now the outbreak is getting very serious indeed AND it is worst in the state that they manufacture most air-frames. They also manufacture in California, which is well on its way to a outbreak of its own. I have been following daily updates on the spread of COVID-19 (since before it was called that) since 27th January and it was clear that we had almost no chance of containing it - but the response from the CDC has been woeful so far.
There is almost no question that;
1, The outbreak in Washington State is presently out of control - containment HAS failed,
2, this will significantly affect major manufacturers in the state - Boeing being the largest,
3, There is a possibility that some or all of those manufacturers in Washington State will be forced to deal with a temporarily reduced workforce and may have to down tools in large portions of production lines and may have to shutter whole factories for some time.
4, There also may be major disruptions to free movement incoming (the only avenue really left to stem the outbreak) so there is a real possibility that all Boeing manufacturing operations may at some stage be wholly paused.
Later on down the line, after the spread and the economic impacts has been more of a national scale will we know the full scope of this - in human and economic terms, but a deep recession seems almost unavoidable presently.
I want to be clear that despite the remaining down-side I will not short Boeing. There may be other Companies I refuse to short in the future, but for now I just can't bring myself to short Boeing. This is despite a significant portion of their troubles being from internal sources and that such troubles continue to be mis-handled. Too many people rely on their aircraft being supported adequately for many years to come. I hope that they emerge from this situation a stronger organisation.
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 trade entry and exit example Boeing still has around -9% to go. It might be worth a trade.
I am just watching. Not because I don't expect the price to follow my expectations - for other reasons.
However, Boeing is a significant proportion of the Dow (11.26% of the Dow: qz.com). If you are watching the Dow, you would have noticed last weeks steep drop. Expect a lower high to be set in next weeks rally before the correction continues.
Let's see what happens. Protect those funds everyone.
Elliott Wave View: Rally in Boeing (BA) Should FailElliott Wave view in Boeing suggests that the rally to $446.49 ended wave (III) in super cycle degree. The stock is now doing the biggest pullback since 2003 low within wave (4). The decline from $446.49 to $359.01 ended wave ((A)) as an impulse Elliott Wave structure. Wave (1) ended at $416.44, wave (2) ended at $427.70, wave (3) ended at $365.55, wave (4) ended at $402.67, and wave (5) ended at $359.01.
The 5 waves move lower ended wave ((A)) in larger degree as the first leg of a zigzag. The stock has started to recover in wave ((B)). The recovery also takes the form of a zigzag Elliott Wave structure. Up from $359.01, wave (A) ended at $399.95, wave (B) ended at $362.92, and wave (C) of ((B)) is expected to end at $406.26 – $431.97. We expect the rally to fail in 3, 7, or 11 swing as far as the pivot at $446.49 high stays intact. Once wave ((B)) completes, wave ((C)) should start and can take the stock lower and break below $359.01. Potential target for wave (IV) pullback is 23.6 – 38.2% Fibonacci retracement at $285.1 to $346.6.
Boeing Approaching Support at 362After the revelation that the 737 Max 8 was configured to dive, Boeing's stock price appears to be pushing towards the 362 Support level as the potential for orders returning to base can hurt the company's profits. At 382, the Resistance level appears to be further away, even though the last candle moved up. Stochastics and the MACD are both pointing downwards.
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