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BA trade ideas

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 $194 (13% pullback) if 200 support is broken. I could be wrong. Who knows. BA and TSLA are like the psycho ex that just doesn't listen and does things just to screw you over. But we will see! Disclaimer: NOT financial advice. These are my opinions and I have been known to be wrong.
NYSE:BAShort
by Steversteves
15
BAWe did break the dow sloping resiatnce of this considation around 223$. Howver the key reistNce to watch is 234$ if we close above 234 all longs should be placed as that is our monster weekly resiatnce until that happens it’s easy for BA to fake out or pull back as this consildation range has chppped for months between 204-234 with 2 wicks to 187. That being said stay patient and ready for a break and hold above 234 until the i would sit on your hands. If you do want to place upside bets just watch 222$ area for break as that could be a warning sign.
NYSE:BA
by Erictaylor
1
BA - Looks to Breakout Above Descending ChannelBA is currently in a well-established descending channel that's part of an underlying uptrend. And it seems ready to breakout past the channel's resistance. It is worth noting that BA has experienced similar descending channels twice before and price resolved higher and continued upwards both times. In this case we should be looking to enter long right after a breakout and hold until price faces a notable level of resistance - taking a conservative standpoint, I think this resistance will occur at the $257 level. Place your stops right below entry, if former resistance doesn't turn into support, the trade premise will be invalidated. Considering that omicron has peaked in many countries and as border restrictions ease around the world, we could see another bullish period for travel. Technicals of other travel stocks also look quite strong while health care stocks look weak(er). We could see bulls take control of the travel sector in the coming weeks.
NYSE:BALong
by UnknownUnicorn30271326
11