Boeing: Turbulence! 🌪️ Boeing's share price plunged in recent weeks, but rebounded after reaching the support line at $176. We expect the share price to fall to the green Target Zone between $172.25 and $130.78. Only when the low of green wave (2) has been established there should the price turn around again. Please note our alternative scenario (32%) which sees the low as already established. It is triggered on a breach of $208.10.
BAD trade ideas
BA reversal level? Watching BA at this major support level near 173.97 and 180.98 within this large expanding wedge. It's currently holding a lesser support level at 177.46 and 179.32. The current weekly candle has printed a bullish pinbar so far with 3 more days left on the week.
I will be watching price action over the next week or so to confirm a shift from the current downtrend on smaller timeframes.
Current Confluences:
- RSI oversold (W)(D)
- Oversold STOCH (W)(D)
- STOCH curling upward (D)
- Price flagging on 4h
- A slight divergence on the daily
- Jeanius buy signals are starting to come in on the (D) and (W) timeframes
- * Will update any additional confluences*
Current Cautions:
- Negative News Sentiment
- Sellers still holding control
- Trend in still down overall
Trade Idea:
- At these levels, BA is looking good to make a recovery. I would first wait to see if it trades sideways here or makes one more push down to test the support of the expanding wedge one more time before making a reversal. That would be ideal for the LEAPS buyers.
- For the traders, it is best to stay patient for now. If BA does attempt to make an immediate reversal, A reclaim of the first resistance level above at 191.75 and 194.05 would be the safer starting point, Or for the impatient, you can trade the highs and lows of the current range between the current support and resistance.
Nice opportunity for a buy for BA!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Boeing (BA) Elliott Wave View: Impulse Lower Suggest More DownsiBoeing ticker symbol: BA ended a corrective cycle in January 24 at 217.59 high and we labeled as wave (B). Then the stock continued lower forming an impulse structure. Down from 24.01.2024 high, wave 1 ended at 198.32 low and bounce in wave 2 finished at 215.03 high. The market resumes lower in wave ((i)) ending at 197.15 low. Pullback in wave ((ii)) higher did a zigzag Elliott Wave structure ending at 208.10 high.
Boeing resumed to the downside in wave ((iii)) that is still in progress. Down from wave ((ii)) in lesser degree, wave i ended at 202.51 and wave ii pullback ended at 206.62. The stock resumes lower in wave iii towards 199.03 and bounce in wave iv ended at 204.15. Last wave v ended at 196.92 which completed wave (i) as a ending diagonal. Rally from 196.92 low ended at 203.80 and also wave (ii) correction. Then, the market drop strongly ended wave (iii) at 182.19 and small bounce to 185.97 end wave (iv) correction. Currently, we are expecting to complete wave (v) and also wave ((iii)) lower where market should react higher in correction as wave ((iv)) before resuming to the downside in wave ((v)) of 3.
BA Long. FIB Retracement and EarningsBA has respected the $200 support level twice in the past 2 weeks. This is also in the golden pocket fib retracement from it's last run. Earnings are this Wednesday, so you could enter .5 position now and then the rest afterwards. Stop is below the last wick past 200 and target would be around 240. Would scale some out here and let some ride if the trend is still bullish into spring. MACD momentum building to be bullish.
$BA The Clipped Wing StoryNYSE:BA has a lot going on right now with the suspicious death of the Boeing whistleblower and the Massive lawsuits over the Alaska Airlines blowout. All these things aside, BA is a tricky stock, always going for the Shakeout Breakout at some point to remove all the weak hands. Circled in the image is a prime location for a long where price could bounce on support, a common trend line and the moving average. 1st Target 150 if the current trend breaks. 120 for a wickout bottom if the target breaks.
BOEING: Bearish - Possible SHARK detectedBOEING: Bearish - Possible SHARK detected
Boeing shares risk falling following an accident which left 50 people injured Monday in Australia during a flight from Sydney to Auckland, after a technical problem on a Boeing 787.
Technically, a SHARK is possible and the bullish channel breakout has been made.
And a PRZ around $140 may be possible.
monitor the 50 and 200 Moving Averages.
According to ICHIMOKU, a return to $221 is possible
BA SHORT 200PI love critical Level breaks. This is bear flagging right into 200. With all the bad news and price action. 200P 1/26 could 10x again tomorrow imo.
Buy BA $200 Put 1/26
4m
$1,480.00
10 contracts at $1.48
Type
Limit Buy
Position effect
Open
Time in force
Good for day
Submitted
1/25, 2:39 PM EST
Quantity
10
Status
Filled
Filled quantity
10 contracts at $1.48
Filled
1/25, 2:39 PM EST
Limit price
$1.50
Total cost
$1,480.30
Regulatory fees
$0.30
SHORT THIS OVER NVDA...
We'll See ya in the morning bois ;)
- Proffesseas
Boeing Stock Plummets Amidst DOJ Investigation & Safety ConcernsBoeing ( NYSE:BA ), the aerospace giant synonymous with innovation and air travel, finds itself in turbulent skies once again as its stock takes a nosedive following reports of a Department of Justice (DOJ) investigation and safety incidents involving its aircraft.
The latest blow to Boeing's ( NYSE:BA ) reputation comes as reports surface of injuries resulting from a "technical problem" on a LATAM flight involving a Boeing aircraft. Additionally, the DOJ's probe into an Alaska Airlines flight where a door panel came loose raises further concerns about the company's safety protocols and regulatory compliance.
The DOJ's investigation, which includes interviews with pilots, flight attendants, and passengers, could have significant ramifications for Boeing. The scrutiny extends to whether Boeing may have violated a previous settlement related to the infamous 737 MAX crashes in 2018 and 2019. Any findings of non-compliance could result in charges of defrauding the U.S. government or an extension of Boeing's probationary period.
These developments compound Boeing's ( NYSE:BA ) already precarious situation, with ongoing investigations into its manufacturing and safety processes. Recent incidents, such as a pilot reporting stuck rudder pedals in a Boeing 737 Max 8 and a "technical event" on a LATAM Airlines flight resulting in injuries to passengers and crew, further underscore the challenges facing the company.
Amidst the storm of controversy, Boeing ( NYSE:BA ) has remained tight-lipped, declining to comment on the DOJ's reported investigation. However, Alaska Airlines, one of Boeing's ( NYSE:BA ) major clients, asserts its cooperation with authorities while maintaining that it is not a target of the investigation.
The market's response to these developments has been swift and severe, with Boeing ( NYSE:BA ) shares plummeting more than 23% since the beginning of 2024. Investor confidence has been shaken by mounting concerns about Boeing's ability to navigate regulatory scrutiny and ensure the safety of its aircraft.
As Boeing ( NYSE:BA ) grapples with the fallout from these incidents, the road ahead appears fraught with challenges. Restoring trust and addressing safety concerns will be paramount for the aerospace giant to regain its footing in the industry.
In conclusion, Boeing's ( NYSE:BA ) stock woes underscore the high stakes involved in maintaining safety and compliance standards in the aviation sector. As authorities continue to investigate, the spotlight remains firmly fixed on Boeing's response and its commitment to ensuring the safety of passengers and crew worldwide.
BA Support Holding StrongBoeing is find strong at support $200 as we approach the bottom of an ascending channel we’re in…..also forming a falling wedge over the daily chart…..we could see a breakout and an increase in volume soon as the bulls should be stepping in……let’s see how this one plays out!
BA Key Support LevelBoeing is currently holding at the bottom of the channel on the Weekly Chart…..now that all bad news has settled in to the stock I believe we’ll have a gradual push to the upside respecting the channel and almost any good news will give the additional boost needed to push to the upside…..lastly I’ve found it beneficial to play companies like BA “Boeing” and UNH “United Healthcare” into the decision on the country’s budget, there’s usually money on that table somewhere for Defense and Healthcare…..let’s see how this one plays out!
Analyzing Market Dynamics: The Falling Wedge Dilemma Theoretically, we're observing a downtrend coupled with a falling wedge pattern here. However, there's a catch: we're still within the fair value zone, and the Point of Control (POC) sits higher.
Now, falling wedges, even amidst a downtrend, often tend to resolve towards the upside. If we follow this pattern, our target could hover around 212-214.
Considering the circumstances, I'm contemplating exiting my puts today. This feels like a bit of a coin flip, and frankly, this setup doesn't scream high probability to me—at least not in my playbook.
Is BA Boening ready ?On the daily chart BA had big trend up for November and December but then fell with news
of issues the the Max model which further developed into an FAA inquiry. In the meanwhile
Thailand and India based airlines contracted for more jets and an earnings report beat both
lines especially earnings. It would seem forward earnings are fortified by those new contracts.
The chart shows price currently sitting at the support of the bottom of the high-volume
area of the volume profile and just under the nearby POC line. In confluence, it has been in
consolidation at a Fibonacci level. I consider that BA has been accumulating within a narrow
range and is now well situated for another leg up. The last trend up was about 50% over 2
months. I will take a long trade here anticipating a similar move sometime soon. Targets
are 230 and 250 with call options for August or September also under consideration.
BA- Buy the recovery? or take partial profits? LONGBoeing had a near disastrous start to 2024 with a Malaysian part falling off a MAX jet at 36,000.
Incidentally, going viral is that an iPhone survived the plunge fully functional. 20% got
shaved off the market cap. I bought the low with calls at $215 expiring March 15'24. They did
80% for the week and 16% today. News catalysts are that an East Indian airline company placed
a contract for the purchase of 100 jets of uncertain model. Delta Airlines also did not pull their
existing contract. These catalysts have allowed price to recover about 1/3 of the plunge. The
15-minute chart demonstrates the super trend reversal better than the 60 minute which is
shown here on the idea. The relative volume indicator is about 3 X the running mean showing
trader interest uptick. BA could short squeeze where short sellers quickly buy to cover &
capture profit while the synergistic rise is compounded by near buyers coming in to get ahead
of the chasing? The caution is that the POC line on the intermediate
term volume profile is $ 210 and so getting contracts extended above that has increased
risk based on price distance from the POC. The uptrend instead of a true recovery could be
simply a correction in the overall downtrend. I will take some of the week's profit off
the table and keep a close watch on the price action.