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BA trade ideas

Took a Chance! With BA I generally play price action. I spent some time last evening modelling it in SPSS for intra-day trading (I have a long term regression model of BA already). Came out with some intra-day price target regression formulas. I did some testing last night but got tired and went to bed. Today, I decided to try them out IRL (Which I usually never do without fully testing!) and man, pretty spot on! My lows (where I was looking for support) were 202.16. When it hit 203 for the second time and I saw that V shape pattern being respected on the 3 minute chart, I got long. My price target was 208 based on the formula. It was touchy at first, it looked like it wasn't going to make it! But it did! YAY! :D IT WORKS! If you're interested here are the formulas: Low: y = 0.9798x + 1.2992 High: y = 0.9847x + 6.5212 Where X = open price. So for today, projected low would be: Y = 0.9798(205) + 1.2992 Y = 202.16 (Projected) My aim was :202-203 Actual: 203.28 My projected high was: y = 0.9847x + 6.5212 = 0.9847(205) + 6.5212 = 208.38 My aim: 207.90-208 Actual: 208.24 Have a great weekend everyone!
NYSE:BA
by Steversteves
It’s time to fly with BoeingI have waited quite a while for Boeing to look like a buy and i believe it’s time. The falling wedge has showed slowed selling into support and fib’s 382. Monthly and weekly stochastic are also converging to upside. The safe thing to so may be to wait for the wedge to break, but I am of the belief that the time is now. Also, I have considered $XLE breaking out already and see $BA following suit. Not financial advice. I have linked my past Boeing charts. Happy Trading.
NYSE:BALong
by UnknownUnicorn1269892
$BA - channel break out watchWhat a month! It basically reshaped the chart. BA is in descending channel and heading towards the upper trend line. Breaking above the $220 will confirm the pattern break out and could propel the stock towards $260. Target 1 - $220 Target 2 - $242 Target 3 - $260 Risk - Rejection from $220 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NYSE:BALong
by PaperBozz
Rectangle/Triple BottomBA broke to the downside from what appears to be a rectangle which is a horizontal trading channel and price stayed in it for quite a while before breaking down. Consolidation patterns like rectangles and triangles will eventually break one way or the other. The bottom of that rectangle was support, which is now resistance. Probable triple bottom with the last bottom being the lowest of the 3. I would place my stop below this lowest bottom and tuck it away somewhere safe where Mr. Market can not find it if I wanted to hang long term.. This particular stock has been struggling for quite some time it seems. Bullish Marubozu candle today with both heads being shaven. Price needs to re-enter rectangle by breaking that former support line which is now resistance and break through top trendline of 233.94 for a longer term type long entry. Some would swing this inside the rectangle if it does not make it through the top trendline. But price has not made it back in to the rectangle yet. There is a suspicious top inside the rectangle marked with orange stars. BA is opening a little bit lower tomorrow but there was a big gain today. Short interest is low/less than 1%. Earnings 4-27 BMO. Price is below all of the longer term moving averages. The 20 is trying to tilt upward. The 100, 50 and 200 definitely need some work. No recommendation. An airplane takes off against the wind and not with it.
NYSE:BA
by lauralea
$BA if this is a bounce...Then the next stop is about $225 and we stay in this range, you don't really need to be bullish, just believe that this stays in this range. It could have gone all the way down to $175, but held low $180's and now looks to be making the next push back up. A lot of psychological marks to get through though, $200, $205 $210 etc. Unless we get a big news item (like this Qatar deal) that helps big buying, maybe we can push through several in one day.
NYSE:BA
by UnknownUnicorn3924154
8
BA: What Traders Are Missing About Boeing (pt. 6)From early 2017 to March of 2019 Boeing went soaring to almost 3 times the price from $150 to $440, but why? People were traveling more than ever, planes needed to be replaced, new technology was increasing profit margins. There were numerous reasons to be long transportation stocks, especially Boeing. Boeing was king and had the shiniest bike on the block. Every airline wanted what Boeing was putting out! Then came the fall of the MAX. Two crashes in 6 months and airlines lost all their confidence in Boeing's new commercial airliner. Hundreds of planes grounded in 24 hours and Boeing was now under the microscope by every airline and Government travel safety authority. Boeing's reputation was destroyed. There's a great quote by Warren Buffet, "it takes 20 years to build a reputation and 5 minutes to ruin it." That is exactly what happened to Boeing. So...let's look at the numbers! As it stands currently, Boeing's revenue is LOW. We are talking 2010 low. They've taken off a 35% haircut in annual revenue since the glory years of 2017- early 2019 and have repeatedly reported negative earnings. What people fail to realize in Boeing is that (like NVDA) stocks get hyped up and people flood their money into stocks irrationally. Boeing was just the next target for this buying frenzy. Before the major run-up Boeing presented better earnings and was AT BEST a $140-$150 stock, so why are traders thinking it'll go back to above $300? Could be they don't know any better, could be they believe BA will go back to it's former glory days in a matter of a few months, could also be that their just brain washed "BTFD-ers". Any way you look at it, BA isn't that shiny bike anymore and all it's luster has faded. Sure numbers will pick up eventually, but it'll be a long time before we ever see Boeing above $300 again. If BA is going in any direction it's back to $100-$150 or even lower. Not financial advice
NYSE:BAShort
by FiboTrader1
12
$BA - Can we see it as trend line retest?In my previous chart, I mentioned that BA could play out double bottom and it did. Since then, BA has pulled back and now retesting the descending wedge. Will it bounce from here, or will it break down like it did before? It seems $230 area has been painfully stubborn area. If it bounce from here and break above $210, there is a chance that it can see $230 again. If by some miracle, it breaks through $230, we can expect $245 area. On the other hand, if it breaks down from here, it can revisit $185 area. It's all depends on whether we stay above $199 or breaks below it. Bullish target 1 - $230 Bullish target 2 - $245 Bearish target - $185 Earning on 01/26 (tmr) will determine if we see $230 or $185. We won't have to wait long. ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NYSE:BA
by PaperBozz
BA Intraday Outlook BA has been maintaining a bullish sentiment. On the daily, it looks like a potential bear flag; however, historically BA daily charts don't really follow through with bear flags. I expect maybe a V shaped path followed by a fall to the downside. My linear regression model of BA shows to watch for highs of around 206 - 209 to the upside (there is strong resistance around 209 on the charts as well) and lows of 190-198. However, based on how BA traded yesterday, IMO if we fall below 194 we would be heading down aggressively. These values are adjusted (by me) based on the SD and chart support/resistance levels. I would be short biased in the 206-209 region, long biased in the 195 - 198 region. If we fall below 194, I would be short biased for a bigger move. I was originally swing trading a BA short from 205 tomorrow with an exit of 198 for tomorrow, but I ended up hitting buy instead of sell for SPY on a trade today and ended up accidently wiping out almost all of my earnings today (it took me 2 minutes to realize what I had done and SPY immediately started free falling once I hit that buy button of course). So I decided to take that profit at the end of day to just call it a break even day. Tomorrow is going to be a disaster though, with earnings and FOMC meeting. These are things that can't really be accounted for in modelling so I am going to be extra cautious. However, based on SPY and DIA's behaviour, I expect a hard bearish start to the market tomorrow. DISCLAIMER: NOT FINANCIAL ADVICE! I am not a financial planner or know anything about finance. I am an ex Nurse/Epidemiologist and literally am just inputting market variables into models used for infection rate case predictions, which has yielded mixed results over the year, but enough for me to support myself and dog :-). I do my linear regression in SPSS so cannot show you the plots or histograms, but if you have any questions I would be happy to answer them!
NYSE:BA
by Steversteves
BA remains bearish We had a flat top bearish candle form yesterday on the daily chart with Heikin Ashi and it continued today. Historically, from the formation of the flat top bearish trend, BA falls on average of 12%. With earnings coming up next week (January 26th) I think we will have continued sell off. There is also a lot of psychology backing my thinking. BA has been performing so poorly this year and has been THE biggest drag on my long term holdings. You can bet that I was quick to cut them loose once we came back to the 220s and took my profits there. I bet many other people who were invested in this long term are also looking to GTFO of their BA positions because it has just been such a drain this year, the company fundamentally is poorly managed and its future is being challenged with makers like Airbus and Embraer (I personally took the money I had invested in BA and moved it over to Airbus because of the clear display of poor management BA has had over the past 2 years, I was just greatful that I didn't have to take a loss). My price target is $200 (10% pullback) and then $194 (13% pullback) if 200 support is broken. I could be wrong. Who knows. BA and TSLA are like the psycho ex that just doesn't listen and does things just to screw you over. But we will see! Disclaimer: NOT financial advice. These are my opinions and I have been known to be wrong.
NYSE:BAShort
by Steversteves
15