It seems like Boeing is finally flying.
150MA finally crossed over 200MA
Moving average aligned nicely 20/50/150/200 confirming the upside.
Anticipating for a pullback to sub 198-200 to top up before the next bull run.
Lol, BA.
What a nightmare stock. But I still love it.
But let it be a cautionary tale to everyone, myself included. Never forget fundamentals. They matter.
I am a hardcore BA stan. As a rule, I am never bearish on this stock. However, traditionally that has screwed me. Now the inverse has happened.
I am an ex BA-investor. I bailed just before the crash because...
Boeing is at the bottom of 2021's value range, with 2021's POC just above that. Just outside last year's value range and well above the POC. Weekly RSI is showing just about 70 (overbought) mixed with price close to touching the upper Kelt channel. I'm short a small amount of BA and looking for a retest of last year's value range of around 185-187.
I had shared this earlier at the time when there was a breakout from the downtrend! This is definitely confirmed now and BA is on the way up and is flying high!
BA December 2022 Q4 earnings are on Wednesday 1/25 at 7:30am. Boeing (BA) reported Q3 September 2022 earnings loss of $6.18 per share on revenue of $16 billion. The consensus estimate was a loss of $0.01 per share on revenue of $18.9 billion. Revenue grew 4.4% on a year-over-year basis. I'm posting this as a short because of the current technical setup entry...
BA - Resistance 195 & 229 area. Support 172 area. Red chip does appear aggressive here. Since China had already open their border, individual can look into it.
How to view the guidance via chart ( Refer back to pin message guidance if to trade )
Red Line = Support
Blue Line = Resistance
Light Blue = bullish/bearish pattern
Arrow = Double/Trip top/bottom
Red...
I am not sure how long it will last considering the condition of the market. However, this move is super strong. I am watching 202.50 as a profit-taking level. If we break that level we could see a push up to 205-210.
Kicking off the new year with an analysis on my fav stock. BA!
New years resolution is to just trade this more. Because its actually so much less dramatic than the rest of the market. So let's get into it:
Recap:
I did trade this last week, if you followed that idea. My initial TP was 192 and then 196/197. We kind of got halted at 192 and that was the extent...
Over the last year, a good number of insiders have significantly increased their holdings in The Boeing Company. The biggest single purchase by an insider was when President David Calhoun bought US$4.0m worth of shares at a price of US$160 per share.
This is encouraging because it indicates that insiders are more optimistic about the company's prospects.
Also, BA...
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
I have been sort of ignoring BA for a while. But in looking through charts this evening and seeing if anything would be worth swinging this upcoming week, BA sure topped the charts.
So let me get into what I am seeing and what I will potentially be swinging this upcoming week.
BA has established a fairly strong uptrend on the hourly and daily.
Plotting...
= Technical Analysis for BA
= The analysis is based on trend analysis and the Dow Laws
= The successful Dow swing model is built from below
= The first target was to buy from 174.2 to 196.39... it was successful
= The second target from 196.39 to 223.18
= The third target, from 223.18 to 258.4
This uptrend looks exhausted due to price to momentum divergence. The likely hood of coming back to 50sma then probably even the 200sma is highly probable.
