Rectangle/Another Crisis? Price is bound between 2 horizontal trend lines.
The top is resistance and the bottom is support. Neutral pattern until broken.
T1 for a break to the upside is in larger green type then T2 in smaller green type and so on. Many would look to T2 only if T1 is passed.
Orange type are targets to the downside if support is broken with a confirmed trend in that direction.
News event: Boeing 737 deliveries are partially halted after new issue was found.
Earnings 4-26 AMC
No Recommendation.
BACL trade ideas
Resistance at 220Since we made it up into the range between $200-$220 we started to see price experience significant resistance to being able to break beyond this level. Right at the start of the year after a long rally near the back half of last year we have seen completely sideways markets. With the last few month starting its trend downwards we can potentially see some retracement of the rally that we saw at the end of last year. Since breaking below the most recent trend level, looking to see if price continues on the current bearish momentum.
BA - BEARISH SCENARIOBoeing Co. is heading for a slight price correction before the Q1 earnings report. The company is expected to report satisfying results. The price target is located at the $ 190 resistance level.
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BA Gap Fill SetupBA 65m: Acute analysis potential gap fill to upside contingent on auction acceptance. Positive ER from UAL, expanded partnership with Invictus Games this morning, and ER next week catalysts for participants// 215.55 is a KL to be watched as it is where auction failure has occurred five times YTD// KLs 206.80, 208.77, 208.94, 210.13, 211.50, 212.56, 215.55// Beta 1.43, ATR 5.72, IV: 34.09%// Price at time of publish: 210.65
BA: Week of April 10And officially happy Easter everyone!
Surprise, surprise, probs on BA are bullish for next week. Pretty bullish.
We are in this peseudo pennant so we could see a re-test of 208/207. From there I would look for a bounce.
Unless this just decides to kick off the week with a breakout (which would be typical BA fashion, 0 to 100) and go right for the high targets.
Personally targeting 216.
Not advice!
Safe trades and enjoy the rest of your Easter weekend :-).
Boeing about to take a dive. BABearish Gartley 222 on Boeing. I especially like the fact that there is a high degree of symmetry on the horizontal access, and the pivots at 0.886 level Carney talked about in his Harmonic trading material.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.