4BA trade ideas
$BA weekly look...One more perspective and notes on what I like in a set up.
1. Breakout off a recent VWAP around $220
2. MACD crossover and turning green
3. Rising RSI
All these add to the risk/reward for a move that everyone has been waiting for. Nothing is guaranteed, BA has disappointed before, but I'm in it until this breaks down
BA: Short now to go Long laterSee A/H $BA is setting up for a continuation fall. Both 4H & Daily charts look to drop further towards 210 (possibly 204 region). This digestion looks like a diving board. It could be a quick & decisive move. It has broken, tested & held below the 50% zone of recent fib move which means it should flirt to 61.8% then with 213 (88.7%). 210 & then 207(~1.272) are in play as well. The move looks solid on higher timeframes as well. This would be a great buying opportunity Long term especially if 204 is attained. Shorting this trend could finance longer term calls (2+ weeks out). Calendar spreads, Call Debt Spreads even Leaps. This would be healthy for the move towards 300. BUT multiple supply & demand zones are hampering this move up. Supply is 225-238. Tested over 6x now since June '21. So weakened. This could be the last move down before ascending to 240+. However, caution is needed. In the sub-210 region it is shakey with ~205 demand zone support YET 200 has not been tested much & is a Line in the Sand. Approach with caution. If BA loses this, the rabbit hole could be deep. There is a gap around 160. Ugh.
BA - Resistance become Support and Support became ResistanceBe more cautious about the break out if you will open a new position.
Plan your trade and Do due diligence.
"TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George Tan
BA - Bulls vs BearsNYSE:BA
Bulls has tried many times to break the resistance, and in the coming weeks the support will be tested again if it is strong, when the support is broken it will look for another strong support again, and if breaks resistance the target price is $ 300- $ 320 for in our best case scenario.
Descending triangle
BA Wedge Break Weekly Options PlayDescription
Watching this wedge for BA. A close over the descending trendline in the wedge will trigger a long.
Seeing bullish convergence on weekly MACD.
Some good news has come out in the last couple weeks, indicating fine time for a supply/demand shift.
Using A call debit spread, because profits are always limited by time.
Call Debit Spread
Tentative Levels on Chart
SL is a daily close back in the wedge.
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/19 225C
SELL
11/19 240C
R/R & Breakevens vary on fill.
The long call is placed ATM for higher chance of profit,
The short call is placed to get the desired debit per contract.
The front-week options play is to capitalize on a swift movement following the break. I will look at opening some 2 or 3-month options as well, because its a large pattern.
Manage Risk
Only invest what you are willing to lose
Bounce & Breakout!!Money Makers!
BA has been trading nicely in an ascending channel. It recently bounced off the bottom of the channel and is now facing its next battle which is the trendline shown. There is a little consolidation right below the line, which leads me to believe that a breakout will happen soon. If it does indeed breakout we can expect a nice rise to retest the top of the channel. Let's see how this plays out.
Love it or hate it, hit that thumbs up and share your thoughts!
It's all about Market structure, Area of value, and Entry Trigger.
Don't trade with what you're not willing to lose. Safe Trading Calculate Your Risk/Reward & Collect!
This is not financial advice.
Descending TriangleFinally broke the top trendline with a bullish candle. Would be great to have another close above the resistance of that trendline for confirmation though.
Triple bottom at support line but a triangle can break up or down I suppose, and BA has been in this consolidation pattern for a long time!
No recommendation
Boeing Analysis 11.11.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button.
Thank you for watching and I will see you tomorrow!
BA Breakout and My Trading PlanBoeing is looking to breakout the downtrend here. It has been doing this pattern and breakouts ever since the covid crash and we have another instance here. BA has consistently been creating these downward wedge patterns and breaking out.
With the increase in vaccinations and covid issues starting to decline, and businesses and travel opening back up, this could be the catalyst that BA needs to start going back up. The USA also are now allowing vaccinated foreigners into the country which is huge for tourism.
I will be playing the gap fill at around 230$ - 235$, which would be my TARGET #1
There is also GAP #2 at around 245$ which could be the second target if it breaks the 230$ and the 240$
BEWARE: we did create a gap below, and is very possible that we fill that gap below before we can rip higher
OPTIONS:
I would take a month out, if more for these contracts. The Dec 3rd have decent open interests on the 225C and the 230C
DEC 17th look the best however with over 10k Open interest in many different contracts.
GOOD LUCK!
