BOEING CO NYSE:​BA

Please see my 3/17/19 post, "Boeing Bottoming Signals" The best time to buy a stock is when bad news continues to come out and the stock price fails to make new lows. This has certainly been the case for Boeing (BA), so far there are four rejections of the price zone at 361 to 365. Additionally there was a daily Stochastic bullish crossover on 4/12/19. There...

Overhead gap of interest after TL break. On watch for inside day and up

It's been a month since Boeing's share started taking hard hits following the crashes of their 737 MAX aircrafts that gained a lot of unfavorable media exposure. The biggest hit was the March 11 1D candle that left a big $13 Gap. The recent (since 2018) price action on BA shows that every 1D Gap (either bullish or bearish) was filled. So in technical terms one...

Boeing has peaked for now on the news that 20% production will be cut.

Setting up

This stock has not been doing well, there are some serious issues with one of their products and people have been hurt or killed. The stock dropped dramatically and has since dropped lower. I would not be looking for longs on this one. and I see at market open (while I'm writing this, another drop!) The big kicker for me is the gap that happened March 11, has...

BA is approaching our first support (horizontal overlap supoprt, 100% fibonacci extension, 50% fibonacci retracement) where we might see a corresponding bounce in price to our first resistance.

BA could have a pretty nasty drop, should it complete the expanding megaphone pattern. I might be personally biased, because I absolutely hate their balance sheet. Run.

BA strong reversal. Possible gap fill at 390's

This looks awfully familiar; not that it needs to mean anything....

Price got rejected at resistance at the start of the gap. Approaching buy zone again and 200SMA. Great opportunity to catch the next rally, target to close the gap. Stop with a buffer below the 200SMA.

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I think the bad news will keep flowing for BA . We have broken below support. Short targeting 336 as first target.

rsi and stoch rsi looking good

Expecting a rally soon for wave B.

Boeing (BA) have being printing Wyckoff distribution patter for long time followed by an Island Reversal pattern. I believe it is at the beginning of a lengthy down trend.

A chart perspective of Boeing.

Due to recent news of Boeing 737 Max, we could potentially expect further downtrend. Boeing has been under lot of criticism. We all know that Boeing is fairly strong company. However, I doubt Boeing will recover anytime soon due to the recent negative PR. The regression trendline explains 60% of variation associated with current trend and price. If we were to...