Boeing
Boeing looking to break out of downtrend channel. Keep on watch!
Look for Boeing next week to breakout of this channel or reverse back into channel. Time will tell, best of luck traders!
Give a thumbs up if you like this analysis! Comment down below your thoughts if you agree or want me to look at other stocks to analyze!
Boeing: Looking for Lower Levels? The Boeing Company - Short Term - We look to Sell at 208.00 (stop at 216.00)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 205.00. Levels close to the 50% pullback level of 209.60 found sellers. Daily signals are bearish. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 205.00, resulting in improved risk/reward.
Our profit targets will be 187.00 and 176.00
Resistance: 205.00 / 230.00 / 240.00
Support: 200.00 / 190.00 / 180.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Boeing Following Main Trend Line I believe Boeing will return to its pre-covid levels sooner than later. Air travel will only increase overtime and orders for new air crafts (domestic/private/military) are starting to pick up. Please let me know what you guys think and negative feedback will not hurt my feelings so don't worry. 🤣
Boeing engine fireI've been out of $BA since $235 and for good reason.
Major fibs are being broken and the trend line fail as well.
In addition, you can see how the oscillators are converging to the downside...
I see $180 as the price target.
Not shorting...
Personally, I am waiting for entry.
I've linked my past Boeing ideas
(bull & bear; right or wrong)
to give context to my thoughts now.
Happy Trading
$AAWW: Flying SoloAAWW continues to benefit while $JETS and stocks like $SNCY continue to push new lows, if you are looking for airline exposure I do believe you will see the best return here compared to the broader sector. Good luck traders!
Boeing Analysis 11.11.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button.
Thank you for watching and I will see you tomorrow!
BA Breakout and My Trading PlanBoeing is looking to breakout the downtrend here. It has been doing this pattern and breakouts ever since the covid crash and we have another instance here. BA has consistently been creating these downward wedge patterns and breaking out.
With the increase in vaccinations and covid issues starting to decline, and businesses and travel opening back up, this could be the catalyst that BA needs to start going back up. The USA also are now allowing vaccinated foreigners into the country which is huge for tourism.
I will be playing the gap fill at around 230$ - 235$, which would be my TARGET #1
There is also GAP #2 at around 245$ which could be the second target if it breaks the 230$ and the 240$
BEWARE: we did create a gap below, and is very possible that we fill that gap below before we can rip higher
OPTIONS:
I would take a month out, if more for these contracts. The Dec 3rd have decent open interests on the 225C and the 230C
DEC 17th look the best however with over 10k Open interest in many different contracts.
GOOD LUCK!
230 days inside a correction | What to do in case of a breakout Let's take a look at the current situation of Boeing:
a) For the last 230 days, the price has been on a Corrective pattern (yellow lines) inside a macrostructure (White trendlines)
b) Based on past behavior we can see that after the breakout of this type of structure, we tend to observe a small correction.
c) That's the situation we think is the perfect spot to develop Bullish setups with good Risk to reward ratios towards the target
d) Which is the target? Using the previous higher highs we can draw a trendline that may provide us an idea of a possible dynamic resistance zone. That's why we will use that as the take profit level
The key idea for this setup is to observe the breakout and the price above the ascending trendline. If that happens and we see a small correction, that would be a good spot to think about bullish opportunities
Thanks for reading, and remember to protect your capital, and always study the situation you want to trade before risking 1 dollar
BA - First Stop 240 then 275. Boeing - Finally on the move here with great volume on Friday. We have the 5/9/20 EMA's curled up and on watch for a cross above the 50EMA. Nice large double bottom in progress and looking for a break above 228 to test 240 in the short term. Above 240 with a successful hold of support and the implied move on this double bottom would be 275 for now.
I like shares and the June 2022 230C's with a stop loss at 210.65. Good luck!