BA trade ideas
BA - SELL strategyWe have been moving up steadily and now the DC is showing some likely top area. The stochastics are still positive and MACD is well.
We have good support $ 205, but feel judging the DC top and also the next resistance level, we may see this as a SELL opportunity. The earnings will be released 26th January 2022.
For now SELL current $ 226-228 area for a move back to $ 210 > 205. Stop-loss I prefer to keep that at $236 for now.
Boeing - Get ready to sell and go short$8.25 is what Boeing is looking to move this week from Fridays closing price. I think the chart explains it all. No questions will be answered. I will let the emotional people fight amongst themselves but mark this post and come back in 8 months. You will see my posts are beyond accurate. Good luck. For the record, I started my short position at 226.50
$BA pivotWatching for reaction off double top and 1.0 st dev of pitchfork. Overextended beyond the 9ema daily. Puts if it fails to break 227 or below 221.24. Bullish engulfing hammer daily and displayed good relative strength and rvol on a downtrend day in the indices with ER runup Jan 26 and airlines ER this week and last week as a catalyst. Calls if it breaks 227 with volume.
Boeing looking to break out of downtrend channel. Keep on watch!
Look for Boeing next week to breakout of this channel or reverse back into channel. Time will tell, best of luck traders!
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Question will BA break out or continue the downtrendBA is in a meaningful downtrend. However much has changed. First they may be finally able to go back into production and complete deliveries now that China has signed off.
Second the wildfire that is Omicron is expected to burn out quick. People are sick of the covid and want to travel.
what will happen next? 1 Breakout 2 resume downtrend
This deserves to be watched.
BA short (pt. 4)I have revised my chart after BA broke above what I believed was a resistance line. I took my BA puts at 110% gain as BA turned on me and started to reverse higher. As for now I am still short BA and am now going to rely on the revised chart which still appears to be in a descending channel, but could also play out to be a bearish megaphone pattern. I picked up puts for Feb. 25 exp. @ktaba likes his steak medium. I, however, am a little more barbaric and prefer a little more moo in my meat. @ktaba medium rare for me ;)
Not financial advice
Boeing: Looking for Lower Levels? The Boeing Company - Short Term - We look to Sell at 208.00 (stop at 216.00)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 205.00. Levels close to the 50% pullback level of 209.60 found sellers. Daily signals are bearish. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 205.00, resulting in improved risk/reward.
Our profit targets will be 187.00 and 176.00
Resistance: 205.00 / 230.00 / 240.00
Support: 200.00 / 190.00 / 180.00
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Extended Falling Channel in $BA$BA has been the opposite of a pandemic darling and has been slowly grinding its way from out of the March 20 lows in a series of falling channels in which it currently finds itself. Interestingly the previous two channels were much shorter and volume highs from each channel has been decreasing. This should setup a big move soon. Bias is to break out and continue upward movement. From a macro perspective the commercial side is still up in the air (pun intended) but the defense side should have good support from posturing even without an actual conflict. Biggest risk is the channel keeps falling and this turns into a breakdown and a revisit of March 20.
BA Reversal Time? BA appears to be breaking a downtrend and also reclaiming an important fib level. Lots of Bullish options activity recently as well. Top chart going into next week. Every line on my chart has been there for several weeks. Also MACD very close to crosing. Needs weekly close over 225 to be even more bullish.
BA#BA chart
BA broken the downtrend line
ready to fly
after 2 days very strong bearish sell off in the market price did not go under the trend line which means a alot of buyers are buying the Boeing to keep above the trend line .
price tested 50 MA and jump which means bullish signal. confirmation is when 20 MA go above 50 MA which is a strong indication of jumping to higher price.