Boeing
Fly High With These Boeing SignalsBoeing recently crashed in more ways than one... Now the buy opportunities are coming in. Be sure to join Megalodon trading today and take full advantage of Boeing Stock.
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Elliott Wave View: Rally in Boeing (BA) Should FailElliott Wave view in Boeing suggests that the rally to $446.49 ended wave (III) in super cycle degree. The stock is now doing the biggest pullback since 2003 low within wave (4). The decline from $446.49 to $359.01 ended wave ((A)) as an impulse Elliott Wave structure. Wave (1) ended at $416.44, wave (2) ended at $427.70, wave (3) ended at $365.55, wave (4) ended at $402.67, and wave (5) ended at $359.01.
The 5 waves move lower ended wave ((A)) in larger degree as the first leg of a zigzag. The stock has started to recover in wave ((B)). The recovery also takes the form of a zigzag Elliott Wave structure. Up from $359.01, wave (A) ended at $399.95, wave (B) ended at $362.92, and wave (C) of ((B)) is expected to end at $406.26 – $431.97. We expect the rally to fail in 3, 7, or 11 swing as far as the pivot at $446.49 high stays intact. Once wave ((B)) completes, wave ((C)) should start and can take the stock lower and break below $359.01. Potential target for wave (IV) pullback is 23.6 – 38.2% Fibonacci retracement at $285.1 to $346.6.
Boeing Co (BA)(NYSE) Buy $378.50 >>> $414.01 (Good News)Boeing’s Earnings Report
This morning, Boeing management reported its quarter and investors sold Boeing’s stock down on the headline … at first. As of this writing, BA is back in the green to the tune of 1%. And therein is the opportunity.
This is a stock that has already suffered all the consequences it can suffer from its 737 Max incident, so now the upside potential makes owning BA shares the right thing to do.
Looking over Boeing’s earnings report , the metrics were fine, but the most important parts were that management pulled guidance for the year until a later date when they have more information from the authorities about the schedule for its 737 Max planes. BA also paused its share repurchase program, so that it can preserve its operating $2.8 billion cash flow (which is excellent, by the way). This is down 10% from last year’s but within reason considering the operational debacle BA has had to deal with.
Bottom Line on Boeing Stock
In the end, owning BA shares from these levels will be a winning investment. Short term, there are levels to trade for those who prefer to be active in Boeing stock. There is an open gap to $392 per share. Above $400, Boeing stock could spur a $30 rally to close the gap that is even higher. Conversely, below $360, BA would be in danger of testing $320. The right thing to do here is to hold BA stock for the months to come. The upside opportunity far outweighs the downside risk.
NYSE:BA
Boeing Co
Stock - NYSE (USA)
Profit:Risk = 2:1
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Buy = $378.50
Take Profit = $414.01
Stop Loss = $361.00
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Take Profit = +9.38%
Stop Loss = -4.62%
Downtrend momentumDue 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 interpret in probability, considering two variables: trend and price, we could expect 60% chance of continuation of downtrend. One thing to note is that we would also consider the possibility of temporary rebound before further decline (RSI, Stoch and MFI are bottomed as of now). Since Jan. 30 gap was filled, Boeing could well break 362 support level.
Boeing (It can swing lower first)View On Boeing (13 Mar 2019)
Boeing is the strong swing down mode at the movement and I expect the current saga is far from over.
Do not turn on your "value investor" mode just yet and the low can get lower and you can go in at cheaper prices later on.
I expect it shall go to $350 region pretty easily first.
DYODD, all the best and read the disclaimer too.
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intermediate short term support at vpocLook for a break under this line to short or confirmation of strong support. A break would be accompanied most likely with strong volume as the line shows the volume point of control (vpoc) area found with big volumes circled below.
Looking bearish and long term graph still overextended after The insane rally bringing it to 440 level.
Scalpers could make good short term buys and sells in this area as it will be heavily contested.
Boeing the stumble of a giantthe stumble of a giant undoubtedly the current problem with the plane model max has brought a blow to the coffers of the company. added to this is the stagnation of the product . and the compensations and more. but in past occasions this giant underwent stress of great magnitude and with the the time to time the giant was reincorporated to take the next step.
Boeing: Will it fill the Gap next week? What's next?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 can view the recent 361.50 bottom due to the 737 MAX crashes, as a technical filling of the January 29 - 30 Gap.
It is reasonable to expect that the 737 MAX Gap will be also filled so our target is now 415.60. The question that remains is what is next for BA? Based on a similar price action during May - July 2018, we may see a 0.8 Fibonacci retracement at 428.50 as a temporary top. Then depending on the price action, the situation needs to be reviewed as with this kind of volatility on the monthly chart (ATR = 53.0614) despite the obvious long term uptrend (RSI = 62.909, MACD = 47.210, Highs/Lows = 8.9928), anything is possible. The goal for investors is to take advantage of those Gaps and primarily buy the dips.
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Boeing Will Misdirect the BlameThe game-plan since December has been to prop these markets up at all costs; the PPT joined with the 6 largest wall street banks, Trump called a "buy the dip", the FED turned dovish, and off to the races we went.
For the DOW to continue higher, they need Boeing to be propped up. I envision a classic blame misdirection onto GE/Safran, the manufacturer of the LEAP-1B engines used on the 737 Max 8. Alternative, the pilots are blamed.
Besides offering what appears to be a conspiracy theory, consider the reaction we have seen off the support at $370. Another support sits at $360, and yet another at $330. The 100-day VWMA sits at $363, just between the two long-term supports. CCI and RSI are at historically oversold levels. There are a ton of institutional buyers under this bad boy, and nothing short of the truth (God forbid) will stop it from going up.
I am looking for BA to stabilize around $360 to go long - no need to jump the gun.
Short and long off the resistance and support.TradingView
Open position at $400.56
Stop loss at $403
Take profit at $379.6
Why this play?
we just saw that the fault is due to Ba software, plus all the planes are still grounded all over the world, so take a look at the fees they are gonna have to pay.
there is no way they are walking out of this without a scratch. based on that, i would consider their profit for the last quarter to be erased and see them going back to the $300-$360 range that they were trading at in 2018.
Price Consolidation till 2024. Expect more downward pressureEasy bull is over for BA. I expect more selling action, and more volatility.
If this is an end of wave 5, then expect ABC pattern here.
How it is going to look or what it is going to form into , we need short term look at this.
finviz.com
It is very possible for us to hit $240, with $250 being the psychological price for push back to $500.
As you can see most tarketing it higher highs, before the fractal event. Now, we have a first Downgrade of stock valuation.
Even Morgan Stanely suggested overbought.
Range Trading philosophy would be advisable at this point.
If there is going to be another accident after sofware fix, expect even more selloff.
As you can see in the past, BA had strong sell off events. Average sell off is 40% so ATH being 446, 240/250 seems about right.
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you,
Ajion
Price projection: Short to $266, idea Entries @416+I think, the future is not with Boeing for now.
I know hot patching, u can introduce new bugs just as easy while trying to fix an existing issue.
If there is one more plane drop, well, then get ready for some bumpy rides!
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you,
Ajion