We anticipate a decline in Boeing stock, which we believe completed the Elliott 5th wave with 8 weeks of continuous ascent. Initially, we expect a drop to $230, and if this level is breached, we anticipate a decline to $222, corresponding to the 38.2% level.
8 straight weeks up..
Daily RSI is hi fiving pluto. Still volume is strong and no reversal candle has been shown..
I think BA will correct along With DJI in the coming days back to 230 minimum.
Daily RSI along with candles are both at resistance
NYSE:BA has the most powerful and longest momentum run of all of the 30 Dow components. The company reports earnings on January 24th and the run up implies that the 4th quarter is likely to be better than previous quarters in 2023.
This stock has moved strongly since the bottom in November and has been able to pattern out some of the speculation with...
I decided to just highlight the standard deviation/accumulation ranges with the rectangles.
Based on this, we may see a pullback into next week, but not likely to see a move to the bottom of the range.
Bias is still to the upside for me personally on BA and I think it will follow the rest of the market if we go up.
I have been holding BA shares and slowly...
Hello friends
In the Boeing share, we see a full 5 waves.
After these 5 waves, we see a clear 5 micro wave.
These 5 waves can only be seen in zigzags that have a 5-3-5 structure.
So we expected a 3-wave up which happened.
And considering that 78.6% of these 5 micro-waves have been corrected, we expect the price to drop.
At the same time, a hidden divergence is...
113ish is our long term support. We have bounced there many times. Green downtrend channels pre covid til now is being broken out of. I expect one small pull back on or around rate hike day. Then Go Long!!!!
As NASDAQ:NVDA and NYSE:BA have been my go tos this week, going to share the intra-day levels and plan for tomorrow.
Threshold break to the upside, target bull tgt #2.
Else to the downside, bear tgt #2.
Pullback is possible leading into tomorrow but generally the outlook for BA is positive and we should continue to see upward movement.
I will post an...
Hello friends
In Boeing's share, a 5 wave of the main cycle has been completed.
We expected a correction, which has been achieved.
Wave A of correction is completed as a 5-wave.
We expected a 3-wave pattern in a zigzag pattern, which did not materialize.
Currently, a 5th wave has been formed, which is a micro wave of wave B, and divergence has been identified in...
Boeing (NYSE:BA), in collaboration with the U.S. Department of Transportation and the Federal Aviation Administration (FAA), has taken a significant step towards environmental sustainability by spearheading an initiative to increase the use of Sustainable Aviation Fuel (SAF) across Asia-Pacific Economic Cooperation (APEC) nations. This move aligns with the...
Boeing opened much higher today, turned overbought on the 1D timeframe (RSI = 70.408, MACD = 1.220, ADX = 33.303) and is about to hit the 1D MA200 for the first time in two months. Since the long term pattern is a Channel Up, dated back more than one year, a candle close over the 1D MA200, will be a bullish extension signal much like November 7th 2022. If it...
Boeing (BA) shares are climbed today after the company secured major deals with Emirates Airline. Emirates agreed to purchase 90 Boeing 777 jets valued at $52 billion, while sister airline Flydubai will add 30 Boeing 787 Dreamliners to its fleet in an $11 billion deal.
This deal comes as Emirates faces increasing competition in the Middle East, including from...
Hello friends
In Boeing stock, we see the completion of a 5-wave pattern
Because wave A is 5 waves, therefore, the shape of the correction wave ABC is very likely
Therefore, we expect limited growth in the form of wave B and much more fall in the form of ABC.
But if our theory is correct, first the ascending wave B will form, then the descending wave C will be...
Monthly chart 3 black crows candlestick = Bearish
Weekly chart
Gravestone doji Reversal candle with strong volume. = Bullish.
Daily chart falling wedge pattern that would take us back to 198-200..
I seriously doubt we break over 200 because of the price action and weekly 200sma.
NYSE:BA had a confirmed “Larkquidity” Sweep signal from the Jeanius indicator. Which means it has stopped taking out lows, so I will be enter a long trade targeting the high of October, using the low of October as a stop loss.
Boeing results topped analyst expectations Wednesday thanks to a pickup in commercial aircraft deliveries as the manufacturer increases production, but losses in its defense and space businesses drove the manufacturer into the red for the quarter.
The company generated $2.6 billion of free cash flow in the second quarter, ahead of analyst forecasts, and...
![BA: BA - Ascending Triagle [MID-TERM]](https://s3.tradingview.com/y/Yow7x76D_mid.png "BA - Ascending Triagle [MID-TERM]")
