During the recent selloff, Boeing on long term basis failed the 5-year uptrend by falling below 1st upper standard deviation from 5-year (260-week) mean @ 137, however held the test of 10-year uptrend by bouncing up from 1st upper standard deviation from 10-year (520-week) mean @ 121. On short term basis, the price managed to hold 1-year ascending channel...
5/21/15: 142/141 BPS June Wk 1. $0.08 limit. Bounce off 100SMA, below 2 gaps and over EMA's plus tweezer bottom.
Open a long position after filling the gap.
If some are wondering why the stock price is falling on an earnings beat, well the answer is that even though earnings did beat estimates for the quarter, they did suffer a significant drop in free cash flow. Negatives: -Higher than expected costs for the 787 Dreamliner program, which are "continuing to rise". -Business class seats made by Zodiac Airspace...
Markets are patterned but not always clear therefore subject to personal interpretation. But Boeing appears to provide us with a nice impulse wave from its 2009 low. If correct, that implies two things : First a correction has started or will pretty soon that should push BA back towards 135-120. I like 120 as it is the 38.2 retracement of the previous wave and the...
As described in my last chart, Boeing has taken support at the bottom zone. We can long go long confidently at this level for a target of 159.08 which is equal to wave 1. There is a good possibility that we are in the early stage of wave 3 which can have explosive moves to the upside. This call is for those who want to prefer long trades in the coming week. Cheers
An Elliott wave count shows that we may have started the fifth wave to the upside. If that is indeed the case, we are in the second wave of the fifth wave and we will see a very sharp move to the upside if we take support at any of the zones. Keep track of this chart if you plan on going long anytime soon in the next week.
BA spent the whole of 2014 in consolidation but now price has broken above the 2014 high and cleared the $150 half figure a new trend could be emerging. BA has trended well in the past, for several months at a time, so presents a reasonable opportunity for the longer-term trader. After such an extended period of consolidation there is a high probability that...
Great pennant pattern at the ALL time high breakout
BA expected to open at 136.35 for a Retest Gap. To learn this strategy for free go to www.RealLifeTrading.com
I will look for long trade above $133 area in hope that we will see at least $140 area and depending from pace we could see more.http://tinyurl.com/bs7xgo9
Despite the fact that all traders are getting ready for a drop in the Dow and S&P, there are no reasons to worry about it. Stocks with upside potential are still available. For example, shares of airplane maker Boeing Co. (NYSE: BA) are set to take off. Should the USD 130 support level be held, the stock could head to USD 150-155. Incoming signals are so clear...
Continuing upward movement pattern in a 120-140$ range is formed on a weekly chart of Boeing Company. Chart of RSI rose above the 50 level, forming a double bottom reversal pattern. It is expected that the downward price movement will be bought on the level of $125 to break the pattern figures upwards. First target is to repeat highs at 142-144$ Stop-loss – lower...