Boeing
BA ShortBoeing has suffered a lot, cancelled deals, unclear orders for the next 5 years, less money by governments will be spent on defense and space missions (big divisions), high expenses with max plane repairs, etc etc etc... its a long,list no doubt. Is there hope, of course, but in my view not just yet. Smarter people than me (Buffet) sold airline positions not because of what happened now but because of most likely will happen with the commercial airlines industry in the years to come, most likely a changed environment all together.
On the chart, downtrend triangle from its first peak on the 26th of march, not reaching its high Fibonacci resistance at 190 but nevertheless respectively reaching the 180 mark. Lower lows lower highs all the way until yesterday, peaked a little out the downtrend- am I alarmed, not really. It did this also before and couldn't break out. Same most likely will happen here, backing this up with a nice downtrend On Balance Volume (daily chart), as well as looking at the Money Flow, (I hiked up the sensitivity at 7 level for better viewing) every time it hits this range as seen on the arrows, it backs down and losses steam as people take profit/close losses.
On the Fibonacci retracement since it's last peak on the 26th of March, it finished underneath the 138 level. Next is the 127 level, and than 120, where getting back into the triangle, and breaking lower as it did a few days ago reaching 113 and change- this is definitely an opening for more lows in my mind.
I think trying the 94 level will happen (June-July) , strong possibility of breaking that support as well. Will be watching it closely.
BA - descend and maintainRan up recently, Mostly due to overall SP500 market bounce the past week. Investors becoming bullish and short term bets being placed.
Now, with overall markets looking to take a breather, I think this one goes back down.
Target: $128
Entry today: May 19 - Short term trade. 500 shares short @ $132. Exit: tomorrow
BA Triangle Breakout Descending Triangle + RSI Divergence + Loss of Momentum + Long Wick Rejection of Support
The price action isn't telling me which way we will break out of the Descending Triangle yet so I will wait for more confirmation before entering Long or Short.
Bullish Over 124.39
Bearish Under 113.00
BA BOEING LONG TERM SWING TRADE SIGNAL Buy BA stock (MT4)
Entry 1 127.96
Entry 2 120.50
Sl 108
Tp.1 $132.10
Tp.2 $139.50
Tp.3 $148.10
TP.4 $156.50
Sector: Electronic Technology
Industry: Aerospace & Defense
Employees: 161100
The Boeing Company is an aerospace company. The Company's segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry. The Commercial Airplanes segment also produces commercial aircraft and offers a family of commercial jetliners. The BDS segment's operations involve research, development, production, modification and support of the products and related systems. The BMA segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems. The BCC segment's portfolio consists of equipment under operating leases, finance leases, notes and other receivables, assets held for sale or re-lease and investments.
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Investor Movement Index Summary: April 2020
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BA on KEY Support. If it holds, up!BA has been in the news for quite a while. Luckily for them, airlines ate dust for the past few days and they have fallen on the side from that too. I could foresee some good news coming their way such as A4A or some funding, but I'm looking here at price action. Watch this key support. If it holds, buy some longer dated calls for the upside. If it breaks, there is a long way down, buy some puts. From price action, these lower bids are getting bought. Supply just aint there, and this can shoot up on the way up. Lets see!
Play the ranges!
BOEING - Fundamental vs Technical Analysis -Stand AsideNYSE:BA LSE:BOE
Based on Technical Analysis seems that the Market should keep going down to level 120 USD (OPTION A)
Stochastic it can keep moving in oversold before turning up, confirming that it can go down.
Fundamental analysis, overall info on airspace business are negative, but the good news of the BONDS might give a boost to the stock.
Boeing Bonds on Thursday peaked at more than $70 billion allowing it to borrow as mush as $25 billion
Boeing has $39 billion in debt as of the end of March.
In conclusion, stand aside from BOEING.
BOEING Stock Analysis - "Stand Aside"Option A - Based on technical approach I would stand aside because I am not convinced about those descending prices and volume at the breaking point, but, I am tented to go long due to the Channel Pattern, volume (increased at the previous opportunity of price to rise) and the Symmetrical pattern that with the channel pattern makes the continuation signal stronger - Go long up to the level 180
Option B - 95 Dollar - Based on Fundamental Info (Reduction of shares and employees)