BA trade ideas
BA todays trade ideaNYSE:BA watch BA for a potential upside. stock is beat down so much. but be cautious because market looks weak.
Boeing Looks Ready to GoBoeing has been taking the stairs back up from it's Covid lows. If you want to hold for a year or two I think this is a relatively good place to get in.
Boeing Head & Shoulder support line has brokenI'm long Boeing so hate to see this but the support line of the head and shoulders formation has just broken.
The 200 SMA is just below and could act as support, although historically it hasn't done.
The projection down is quite severe.
Company reports earnings on July 28 which could change things, or accelerate. My stop will have been long hit by then I expect.
H&S isn't a guarantee anything will happen but its not a good sign either. If I can get a bounce off the 200 I will look to at least reduce my position size.
ba ewt outlook (long term)wave 4 target = 60 (into next year) - may see one last push up. safe to short once spy tops out.
wave 5 target = 1559
Using trend based fib extension to find incredible short opp's Short video on fib extension to find mind bending risk to reward shorts and then flip them long via Cypher Pattern
Prime examples of same set up, i have dozens all saved on here of cyphers
BA - Still looking bullishAmidst the recent pullback, I believe this presents a huge opportunity for a swing position. Must get back above $250 for my targets in the $300+ range. Comparison with $JETS agrees with this analysis.
Bullish on Boeingorders are coming in left and right and this is still one of the home run hitters thats over sold and cant seem to make it past the $255 wall strong supports all around it and its holding those but its time for the big move up now!!
BA!!! Price target is $250-$251. 242.5 calls exp 7-23
Macd crossover. Parabolic Sar. And sitting above the 200 ma boom
Possible $300 target for BABounced on my 8ema and tapped the 50ema on Friday. Looking to add a position on Monday if everything is good and my target is 298.33.
Symmetrical Triangle Earnings 7-28BA broke the bottom trendline briefly of what appears to be a symmetrical triangle, then recovered quickly and is back in side the triangle. The bottom trendline is support, the top is resistance.
This is a consolidation pattern and is a neutral pattern until a trendline is broken With a trend in that direction.
No recommendation
BA Filling Out Huge Triangle1. Boeing is filling out a huge triangle, with the base formed by the 75% price drop from March 2020. It has consistently tested the bottom leg of the triangle and responded with strength, each time reaching the top leg of the triangle. The triangle is narrowing around current price, and a break to the topside would yield significant upside after this long consolidation. Repeated strength at the bottom leg is significant to the bull case, and currently indicates upside strength.
2. There was a fake breakout of the triangle in March of 2021, forming a small peak at 260.00. A few months later, price touched the top of the triangle at 258.00. The next target on the triangle is around 262.00, so the resistance range is 258.00-262.00.
3. Price just tested the bottom leg of the triangle, and the 200 EMA (blue) has fallen out of the triangle. For the bull case, the 200 EMA needs to cross back into the triangle for confirmation of a continued uptrend. Following this, price should test the top of the triangle and continue to fill it out. Earnings at the end of the month could weigh heavy on price, and a positive report can break the triangle to the upside.
