BA - Wedge TighteningBA has been stuck in this channel for the start of the year. Price action has been tight as the movement has been very range bound.
As time continues to move on through the next quarter there may be an event that pushes price to break out of this sideways ranging movement. Near the middle of February we started to see price start to test ranges which could signal a potential reaction. Price showed to thin out near the price of 220 as the bulls ran thin and bears took over.
Looking to see how price continues to play within the range and potentially move out.
Boeing
BA FEB24 220/FEB17 225 DIAGONAL CALLHIGH BASE SET-UP
Detailed Definition of setup and what market conditions are desirable
Ok, so on January the 13th, BA made a new swing high and it's been trading above the 50-day SMA...really since about November 2nd. So as far as trend analysis goes, BA looks like it has more momentum to the upside in the coming months.
Detailed Definition of the trigger (entry point) used to enter positions
You can say this also has an ascending triangle pattern but I saw this more as a longer than 5 day base with lower or equal volume. I had set an alert for 212.15 using yesterday's high as my trigger. I also wanted to wait until earnings to see the price action. Seems to me as this has a higher probability of it going higher.
Detailed Definition used to determine Stops (abandon or adjust)
No stops will be used. I'm set up for max loss risking under 2% of my portfolio.
Detailed Definition of the methods used to determine targets
Let's take a look at the 4 hour chart. Since about November 10th 2022, it's been poking it's head above it until the price action brought it into the upwards channel I drew. So if it trades in this area until the 17th of this month.. then it should come close to my 225 target. But it may even want to jump up to the other channel above it and push to 230, 235, 240 maybe? That's why I went with a diagonal strategy just incase it does take off more.
How strike prices and expiration dates are selected
If we look at the hour chart I think it may want to slowly trade within this channel to get to 225 by the week of the 17th. Also, this traded in this range of 200ish to 225ish for most of the back half of 2021. So I would think it might want to trade in this area once again. 3 weeks is more than enough time for this trade to unfold.
Position management strategies when the stock goes lower
If the stock goes lower I'll let the combo expire worthless since I'm set up for max loss.
Position management strategies when the stock goes sideways
Again, set up for max loss so if it just stays here, i'll let it expire worthless and move on to the next trade.
Position management strategies when the stock goes higher
This is the outcome I prefer. If this goes straight through 225 and stays above 225 come the 17th, I'll close out the entire combo. That's why I would prefer this pushes up to the higher channel and stays above 225 until the 17th.
Position management strategy at expiration
Come February 17th, if this is trading below 225, I'll let my 225 strike expire and hold on to my 220 strike until the 24th. The week of the 24th I'll monitor this and close out the 220 strike once it gets to my 225 target.
BA Price headed to monthly resistanceDifficult chart to do the analysis. However, at a high timeframe like monthly, it is a bit easier. It seems there is a big monthly resistance sitting just 15% above the current price. That resistance is a zone 238-243.
There is higher probability that if price moves higher from here, it will stall in that range and probably face a rejection there for a pullback. In case of a pullback, the price will find support at the marked monthly support.
BA The Boeing Company Options Ahead of EarningsIf you haven`t BA The Boeing Company after my last post:
Then you should know that Looking at the BA The Boeing Company options chain ahead of earnings , I would buy the $210 strike price Call with
2023-4-21 expiration date for about
$14.90 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
$DAL leading the airline industry along with $BA$DAL seems like its up for a good start on 2023. airline industry is booming after covid restriction is easing, china opening up, and the southwest disaster. DAL is leading the way with their new upgrade of free Wifi on their in-flight offerings starting on February. this news might help DAL to boost their marketing strategy to lure other loyal customer from other airlines. but in my opinion, this free wifi upgrade will be very challenging to provide in the sky, with over 150+ people using it in the same time. the CEO didn't say specific details about how fast the wifi is, is there a time limit, and vulnerability of potential hacking. but regardless of these possible complication that might occur. the free wifi is still a good news for its customer. the southwest disaster boost other airlines with their loyal customer scrambles to re-book their flight to get their destination.
DAL typical price move is $1.00 to $1.40
Below is my price level entry and exit for intraday trading or scalp play.
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For calls; buy above $36.35 and sell at 37.05 or above
For puts, buy below $35.57 and sell at $35.11 or below
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Bot generated technical analysis:
Last price: 36.02
1st resistance level: 36.35
2nd resistance level: 36.69
1st support level: 35.39
2nd support level: 34.77
Honorable mentions: $BA technicals looks strong with
travel industry starts to boom so as BOEING
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Hi and welcome to this free technical analysis . ( mostly momentum play )
I am going to POST where i look for possibly entry and exit for intraday or scalp for trading.
I will try my best to make the idea short and simple as possible.
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thank you.
BA Simple Chart AnalysisBA - 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 Chip = $$
Green Chip = XX
BOEING - BULLISH SCENARIOOver 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 is expected to deliver year-over-year earnings growth of 131.72% to $2.78/share in 2023. Revenues are projected to increase by 24.34% to $81.66 billion.
The next resistance located at 0.618 Fibbo or $ 215
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BOEING - CEO Bought, Double Bottom ,etcWe have a double bottom on multiple time frames and we have all these gaps above us! CEO's can't day trade so it's always interesting to analyze their entries and exits as swing position. It does look like David Calhoun managed to buy the break out, perhaps he knows something I don't as well. Not financial advice, DYOR.
BA 16 DEC 22 190/195/200 BRKN BUTTERFLYHIGH BASE SETUP:
For the last couple weeks BA has been basing and consolidating at the 9 day and on Friday it suhed higher and broke out. The overall market is down today and this is still holding up pretty good. My entry point was determined when BA traded above previous highs and closed above the highs Friday. I didn't want to get in Friday because I wanted to see how today played out. Today's price action solidified my entry.
I wanna see this run up to that upward yellow trend line by early next week, and then pull back into the apex of the trade. If this continues higher and doesn't come back down into the apex, I'll just close the entire combo and take profits.
If this falls back down below 170, I'll be positioned for max loss and risking a little under 2% of my portfolio.
I'll update this in the coming days to see where we're at.
Boeing Update | Key Area | Opportunity to Take Profits | NEUTRALI first featured Boeing ($BA) back on May 27th, 2022 as a LONG / buy and hold. Since that call, the trade is up 40%+.
Boeing is also at a key area and looks as though it will pull back. Yes it could break out (buy and hold). I personally think Boeing will fail here, how deep - I don't know (we never know), offering a great opportunity to take some profit after a 40% move. For now, I am shifting my outlook from LONG to NEUTRAL for now.
Good hunting! 🤑
God Bless!
Going Short in Boeing Company BAHello Traders
Boeing Company - NYSE.
Trade Plan.
1) Short trade
2) Long trade
1) Short / Sell Trade.
Entry Level @ 175,70
Take Profit : Above the FIB level 23.6% / 4 Hour Support Zone @ 155.87
Stop Loss at the resistance red line @ 188.27
2) Long Trade
Entry point at the 4 Hour support zone with Bullish Candle@ 157.00
Take Profit : Below the Red resistance line @ 205.50
Stop Loss below the 4 Hour support zone @ 152.50
1) Short Trade
TP = Total PIPS in gain = 225 Profit 11.76%
Total PIPS in Stop loss = 119 Loss 8.09%
2) Long Trade
TP = Total PIPS in gain = 4800 Profit 30.50%
Total PIPS in Stop loss = 450 Loss 3.16%
Regards
BA week Nov 21stBA broke that downtrend, it tested that 4HR DEMAND and pushed up and is currently testing that 4HR SUPPLY
here is what i am thinking, if BA pushes past 175, it will head over to test 178 but if this does not and rejects that supply and retracement zone i see it a continuation to the next leg down 161.48 to fill that 4HR GAP 160.28 / 163.33. It will need to break those support zones
support zone 171.53, 168.12/52, 164.56, 160.98
resistance zone 178.19/97, 182.86, 186.91, 188.43
BA (Boeing) Trade IdeaHello guys,
Its been a long time, but I'm here to share a possible PUT (Short) idea for BA.
I'm looking at the 4HR time frame for this. Looks like this is in the oversold territory. (RSI: 74).
Looking at the chart, the next support seems to be the long term gap fill which is at around $161.
* Price Target : $161
* Stop Loss : Break > $172.27
If you're getting Puts, I'd prefer $165 put expiring in December.
$160 spread is also a good idea to get here. (Expiring December as well.).
Feel free to share your trade ideas in the comments below.
Do your own research before you trade. I'm not a financial advisor. Good luck!
The Boeing CoWednesday, 9 November 2022
12:28 PM (WIB)
The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems.
It operates through the following segments : Commercial Airplanes; Defense, Space, and Security; Global Services; and Boeing Capital. The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide. The Defense, Space, and Security segment refers to the research, development, production, and modification of manned and unmanned military aircraft and weapons systems for global strike, including fighter and combat rotorcraft aircraft and missile systems; global mobility, including tanker, rotorcraft, and tilt-rotor aircraft; and airborne surveillance and reconnaissance, including command and control, battle management and airborne anti-submarine aircraft.
The Global Services segment provides services to commercial and defense customers. The Boeing Capital segment seeks to ensure that Boeing customers have the financing they need to buy and take delivery of their Boeing products and manage overall financing exposure. The company was founded by William Edward Boeing on July 15, 1916, and is headquartered in Chicago, IL.
For more details about The Boeing Co, visit the website.
11/8/22 BABoeing Company (The) ( NYSE:BA )
Sector: Electronic Technology (Aerospace & Defense)
Market Capitalization: $101.091B
Current Price: $169.62
Breakdown price: $171.50
Sell Zone (Top/Bottom Range): $159.75-$143.00
Price Target: $199.80-$204.40
Estimated Duration to Target: 56-59d
Contract of Interest: $BA 8/20/23 170c
Trade price as of publish date: $13.30/contract