Boeing had a big pop from very favorable earnings today. So far there has
not been a fade or retracement. The relative strength lines however topped
out and then retreated a bit signaling bearish divergence with the lower TF
below the higher black TF line. Likewise,
the MACD indicator is showing a line cross above the histogram whose
amplitude has dropped...
Difficult chart to do the analysis. However, at a high timeframe like monthly, it is a bit easier. It seems there is a big monthly resistance sitting just 15% above the current price. That resistance is a zone 238-243.
There is higher probability that if price moves higher from here, it will stall in that range and probably face a rejection there for a pullback....
Hello everyone!
On my last analysis I initiate a short position, check this link:
Now, I come with the update:
- The price is at the last low point and in the 50 Fibo level, I am thinking to close 50% of my trade and leave the rest in market!
- My other 50% position left in market i will secure because we already sell from price 235 and I am looking for Fibo...
Momentum trade:
- Looking for a quick short in the morning on Boeing.
- Bad news with grounded 777 after engine failure.
- Terrible earnings, terrible indeed.
- BA has NO business breaking out of resistance here.
Not their fault, but shorts will attack. Don't be greedy either in this market. Both sides get chopped!
SL: 226
TP1: 207
TP2: 203
TP3: 190
RRR: 3.0
💰 LET'S GET INTO SOME BOEING ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐻 Bearish
- We want to take in consideration that the overall longterm support is now broken.
- We have a red engulfing candle below our average to validate further confirmation of the Crossover strategy.
- All 3...
💰 We are currently getting price compression on a support and Resistance squeeze, this is good for a longterm play.
You will want to play the breakout. Break top red you go long.
Break bottom green you go short.
Line up the ema dots and the Crossover strategy for buy in. Preferably you want to find an engulfing candle to breach the levels drawn. Use breakout...
What an AWESOME day as we put in some solid GAINS today on boeing! 💲💲💲
Yesterday we showed you how we were all shooting green with the Crossover strategy and the ema dots on these larger timeframes after the massive selloff. Today we we're able to get up to 30% gains in the last 11 days for a nice swing trade, we continue to hold... what is next to come. ⬇️⬇️⬇️⬇️
So BA gapped past demand level which flips it to a supply zone. Currently seeing it trying to retrace and hold current demand level. I think it will bounce around still but still head lower to price target of 125. I will watch for potential good short entry today.
Note: my primary area to enter a position is to build a long position down in the demand zone...
Waiting for waves 1 and 2 to form to establish a short entry down to price target 125. I think we can bounce between current supply and demand but ultimately see this dropping back down to large demand prior to gapping up.
Boeing, as a company has been under an immense amount of scrutiny as the MAX 737 scandal has unfolded over the last year. Yet, the company's stock price has survived relatively unscathed. In Jan '19, Boeing released stellar earnings of $5.63/share, the stock bounced up from $360 to $445 in a little over a month - an increase of 23%. Shortly thereafter, the stock...
Boeing (BA) to recognize charge and increased costs in second quarter due to 737 max grounding; amounts relate to expensing of estimated potential concessions and other considerations to customers and impact of continued lower 737 max production rate; said charge will result in a $5.6B reduction of revenue and pre-tax earnings in quarter and will record an...
NYSE:BA
Boeing could form a bearish divergency should MACDs tick down on the Daily, or at least don't spike as much as on the former high and then tick down.
Good candidate to watch.
BA this stock instrument is making new lower lows
Multiple Successful Bearish Alerts, Confirm This Entire Downtrend
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