We can see Boeing stock slipping on the daily time frame. Great time to short Boeing or at least dump it until we see proof of recovery.
Looking back historically on BA's chart we can see a favored pattern the stock likes to move in. We have seen since the beginning of last year 2 large bullish flag formations. We now have been trending in a much tighter and shorter flag since the middle of November. Only recently have we broke out of that flag and are now testing out our 200MA - 1Hr .
It took some time for Boeing to break out of its bullish wedge, but the support held well, and we see some more stubborn attempts from buyers to push the price up. RSI is rising above 50, MACD has crossed over and the histogram is moving slowly towards positive territory. Earnings are after 7 days. so keep that in mind. An impulse above $216 will confirm the...
BA is in take profit mode.. basically using the top of the move $213+ algos will retrace at minimum down to 61.8 fib. Best entry short was $213 so manage trade carefully with stops.. You can use the 20sma on the Daily as a guide as price recently rejected perfectly showing short term sell bias.. There is some price imbalance below so there are alot of things to...
Short target 180$ zone to then bounce back to the 250$ level.
Looking at the pitchfork, measuring the length of the uptrend move from May 2020 to June 2020, we can expect BA to touch over 300$ by early Feb. Medium term Strategy: Take a small entry at current price, setting a stop loss close to $197. If dip validates at $197, I would average down with a second entry. Long term hold Strategy: Take a small entry at current...
Here is an easy ta for Boeing swing trade: Entry: 215 Stop loss: 194 take profit: 235 RSI: Bullish signal (support line) Good luck!
Boeing's recovery is steady and the uptrend is not that aggressive as other stocks recovering since the first lockdown, but that's because of the specific industry that Boeing is in, hit hard by the COVID-19 pandemic. We have a small correction inside the uptrend, but that may end soon, as we have formed a bullish flag. RSI has already provided a bullish signal....
and abc decline into ..382 pullback look for a rally now above 240
Video Breakdown and Analysis on $BA going into New Year! REQUESTED
It appears BA is currently in Wave 3 of a possible 5 Wave sequence. Each wave has it's own series of impulse waves within the larger overall wave. Key areas to look for as the chart develops: 215.37 has been a good area of supports and any drop below this could bring the following retracement levels: Retracement Levels: (.382) - $205.25 - Hit this level in...
Buy this dip now, it’s starting to turn around, macd looks bullish on 1hr and 4hr, support zone holding, buy
Just wanted to provide an update to the overall picture of BA... stimulus or no stimulus today, does not really matter as it will happen soon (as of this writing, it appears they have come to an agreement so I expect the 219.85 level to hold and see a re-test of the 244.08 level) On the short term (4HR chart to the left). We are currently sitting right above .236...
Airline sector trend reversal should take place come the end of the year. History repeats itself and we are on the verge of a trend reversal. Extremely bullish on this sector over the next quarter. Bullflag pattern repeating itself over and over on the 4HR time frame. After each extension upward, set your SL at 50% of the flag pole length to mitigate risk and...
Weekly Breakout Daily Correction from SR Level I expect 0.38 Fib to buy Open Long from 215 SL 205 TP 240 RR 3
In the chart is my theory on Boeing based off the Elliot Wave Theory. I believe we are currently in a subwave (orange) of Wave 3. I have loaded 06/18/21 300 Calls and plan to average down from here. This is my own opinion, please do your own research before trading options. Gl to all and feel free to share your observations and opinions. Thanks!