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1BA trade ideas

$BA - 3 wave moves PT 243 - then 260+To me it appears BA continues to put in a series of 3 wave moves and soon it will break out of the symmetric triangle and rally to over 240 again. From there I expect a pullback to retest the uptrend line and last pivot low AVWAP, before rallying to back above 260. The apex is 10/22 for this, although I expect the breakout to happen this week. Option call volume was flowing late in the week and buyers really started to step in to gobble this stock up. The upgrade later in the week and the positive news failed to get BA above the downtrend line, but the sell off provided buyers an extra opportunity to get this stock at the cheaper level before it makes the move up. As expected the selloff was bought up very quickly. Watch for the TL break on this one if not already in, once that is taken 240 should come quickly.
NYSE:BALong
by btwice53190
Considering a Boeing short as a hedgeBoeing has had five straight quarters of negative-- and steadily worsening-- free cash flow per share. Current FCF per share over the last 12 months: -$34.15. Book value is also negative at $-31.04 per share. Frankly, you're buying liabilities when you buy this stock. Boeing's share price has risen despite one disaster after another. The latest is that a bunch of 737 MAX jets have been grounded due to electrical issues. Yet despite the company's catastrophic fundamentals, Boeing's P/S multiple is trading very near its all-time high of 2.48 from 2018. At that time, the company was buying back shares and paying a dividend. It has since suspended both activities. Government aid to the tune of $60 billion gave Boeing some breathing room, so it ended last year with a $20 billion cash pile. However, it can't keep up this level of cash burn indefinitely. Macroaxis calculates a 38% chance of financial distress for Boeing in the next 12 months. Boeing has rock-bottom analyst scores, with a 0.2/10 Thompson Reuters Equity Summary Score and 18/100 from S&P Global. Open interest from options traders has been highly bullish due to geopolitical tensions and the return of air travel. But this company is its own worst enemy: poorly managed and living on the dole. I'd consider a Boeing short as a potential hedging strategy for a Lockheed-Martin long. Despite the market meltup, I think this market is more fragile than it appears. So I've begun looking at hedging strategies. And for me, from a fundamental point of view, Boeing is one of the worst companies I'm aware of and a conviction short.
NYSE:BAShort
by ChristopherCarrollSmith
7
BA Preparing for LaunchBA technical price analysis. Cup and handle on 1 D it is almost done consolidating (or may be done) for the big launch. Lost trend temporarily but is back in (as expected in the last post). I would love for it to hit the support and 50 MA about $220, but a target of $280 (resistance) or $320 if BA decides to follow trend. Fundamentally BA’s travel sector has better guidance with the vaccines. Well better guidance than in 2020 that’s for sure. This is not financial advice. This is for entertainment and personal case study reasons. It is posted just for enjoyment purposes. Do not take anything as any form of financial advice.
NYSE:BALong
by Urmomma
$BA - channel break out watchBA has been in a channel and has tried 4 times to breakout from the channel. The question is can it do it this time? In a long term channel it broke down from the uptrend channel and since clawed back into the channel. break above $240 could send the stock to $260 and beyond. Target - $260 ——————————————————— 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
$BA | WEEKLY WATCHLIST 9/27An extremely frustrating stock that feels like it's been bull-flagging forever. If you look at the previous trends, this stock has the tendency to drag out like crazy before exploding. Wave 4 looks to be in, bouncing off the 50% retracement multiple times and showing a complete ABCDE corrective phase. As long as the $210 area holds, we should see a nice impulsive move up to the $300 area by December. Actively watching flow and chart for potential long swing entry! Please view chart for in-depth breakdown of suggested play.
NYSE:BALong
by StonksSociety
1
BA: Time To Fly Again? ✈️✈️✈️Since the middle of the Marc-21 Boeing is moving down and slowly inside a bullish flag or an ascending canal. You can name it as you like. The most important thing here is that the price seems to have found a strong support area near $ 206.50. We can clearly see that this is the second time that price has been rejected near those price areas. If you will be patient you will be paid for long-term portfolios. So do not give up on Boeing shares as the reward will be really good. Speculation with pandemic situations will end one day. One reason is that people are tired of hearing the same thing every day and the second reason is that many economies have returned to normality, people are returning to their job positions. So at the end of the day, everything will look like "DUST IN THE WIND" and BOEING will fly again✈️✈️✈️ So let’s be optimistic✌️ Thank you and Good Luck!
NYSE:BALong
by KlejdiCuni
28