BOEING AN OTHER GREAT COMPANY IN DISTRESS BECAUSE OF WHAT HAPPENED TO THE AIRMAX ISSUES
i OBSERVED A VERY STRONG RESISTANCE AT 340 $ AND IS HISTORICALLY AT THE BOTTOM CHEAP SO DONT EXPECT THE STOCK GOES LOWER THAN 340 $ ST
450 $ on 34000 1,3 % is not like BYND but here volatility is low so is the risk
All the beating has been done
Ranges, Descending Triangles, Triangles, and Ascending Triangle are repeatable trading chart patterns.
Ranges and Triangles are consolidation chart patterns that can breakout either direction.
Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the...
Potential Head and Shoulders Pattern
Massive volume spike as it was sold down from its peak - noted by the black arrow on 4 March 2019.
Target for head and shoulders pattern and 0.618 retracement on weekly chart basically line up.
Looking for a potential drop to $185ish
I'll be starting to buy once it hits 0.50 retracement
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...
** Credit Suisse says non-MAX operators such as Delta Air Lines, Spirit Airlines, JetBlue Airways and Alaska Air Group to benefit most from reduced supply levels in the form of higher load factors and fares
** LUV and AAL combined have the highest exposure to MAX fleet in...
GBP/USD: hot or not ? The trend remains downward in the short/very short term. After breaking down the static support at 1.264 identified by 23.6% of the Fibonacci retracement, the next target targeted on this currency pair is the support area at 1.25. Reachable today as analysts expect a recovery of the intraday US dollar ahead of the publication of positive...
Price has created an ascending triangle pattern which has a bullish bias
The declining Volume and ATR/Volatility levels indicate traders have lost interest in investing in Boeing
This is creating consolidation pressure on the top triangle level @ 379.30
Buy a daily close above 379.30
Breakout Candle must be 100% of the average volume for a full size...
Fed’s monetary policy vector changes, the pressure between the US and Iran has reached a critical level, the overall high level of investor concern led to the fact that gold almost reached 1140 yesterday. As a result, an increasing number of traders and analysts are turning into purchases. In particular, Marc Chandler from Bannockburn Global Forex believes that a...
BA proved time and time again that they are a strong company. Sure there could be some problems with certain segments but overall very few areas of the market can you find this quality of intrinsic value & dividend - Equities at least for this posts sake, IMO.
Clear break of the downward range I've been outlining in recent posts - RSI & MACD need to cool off a...