Boeing stock will find buyers soonBoeing stock should bottom at around $163 and the rally will be immense. Add this stock to your watchlist.
0BOE trade ideas
Boeing (BA) Elliott Wave View: Impulse Lower Suggest More DownsiBoeing ticker symbol: BA ended a corrective cycle in January 24 at 217.59 high and we labeled as wave (B). Then the stock continued lower forming an impulse structure. Down from 24.01.2024 high, wave 1 ended at 198.32 low and bounce in wave 2 finished at 215.03 high. The market resumes lower in wave ((i)) ending at 197.15 low. Pullback in wave ((ii)) higher did a zigzag Elliott Wave structure ending at 208.10 high.
Boeing resumed to the downside in wave ((iii)) that is still in progress. Down from wave ((ii)) in lesser degree, wave i ended at 202.51 and wave ii pullback ended at 206.62. The stock resumes lower in wave iii towards 199.03 and bounce in wave iv ended at 204.15. Last wave v ended at 196.92 which completed wave (i) as a ending diagonal. Rally from 196.92 low ended at 203.80 and also wave (ii) correction. Then, the market drop strongly ended wave (iii) at 182.19 and small bounce to 185.97 end wave (iv) correction. Currently, we are expecting to complete wave (v) and also wave ((iii)) lower where market should react higher in correction as wave ((iv)) before resuming to the downside in wave ((v)) of 3.
Boeing in Talks to Buy Spirit AeroSystemsBoeing (NYSE: NYSE:BA ), the aerospace giant, is reportedly in discussions to acquire Spirit AeroSystems, its struggling former subsidiary. The potential merger comes as both companies grapple with persistent quality issues and cost pressures related to the production of the 737 MAX aircraft.
Spirit AeroSystems, which was spun off by Boeing ( NYSE:BA ) in 2005, has faced challenges in recent years, leading to concerns about aircraft deliveries and financial stability. The prospect of Boeing ( NYSE:BA ) acquiring Spirit underscores the aerospace giant's efforts to address these issues by bringing the supplier back under its umbrella.
While Boeing ( NYSE:BA ) and Spirit have yet to confirm the discussions, reports suggest that talks are underway, with Spirit exploring strategic options and engaging in preliminary discussions with Boeing ( NYSE:BA ). The move could provide Boeing with greater control over manufacturing processes, potentially alleviating some of the quality concerns that have plagued its aircraft production.
The news of the potential acquisition has sparked market excitement, with shares of Spirit soaring over 13% while Boeing's ( NYSE:BA ) stock experienced a slight decline. Analysts view the move as an opportunity for Boeing ( NYSE:BA ) to address Spirit's challenges and achieve cost savings through economies of scale.
However, the acquisition also raises questions about regulatory risks and potential hurdles associated with integrating Spirit back into Boeing's operations. The aerospace industry is closely monitored by regulatory authorities, particularly in light of recent incidents such as the January 5th incident involving a 737 MAX plane.
Despite the challenges, industry analysts believe that bringing Spirit back into the fold could benefit both companies in the long run. By consolidating manufacturing operations, Boeing may be better positioned to improve quality control and streamline production processes.
Additionally, the acquisition could provide a lifeline for Spirit, which has faced cash flow problems and quality issues in recent quarters. With Boeing's ( NYSE:BA ) support, Spirit may be able to stabilize its operations and regain investor confidence.
Overall, the potential acquisition of Spirit AeroSystems by Boeing ( NYSE:BA ) represents a strategic move aimed at addressing quality concerns and enhancing operational efficiency in the aerospace industry.
BA Long. FIB Retracement and EarningsBA has respected the $200 support level twice in the past 2 weeks. This is also in the golden pocket fib retracement from it's last run. Earnings are this Wednesday, so you could enter .5 position now and then the rest afterwards. Stop is below the last wick past 200 and target would be around 240. Would scale some out here and let some ride if the trend is still bullish into spring. MACD momentum building to be bullish.
$BA The Clipped Wing StoryNYSE:BA has a lot going on right now with the suspicious death of the Boeing whistleblower and the Massive lawsuits over the Alaska Airlines blowout. All these things aside, BA is a tricky stock, always going for the Shakeout Breakout at some point to remove all the weak hands. Circled in the image is a prime location for a long where price could bounce on support, a common trend line and the moving average. 1st Target 150 if the current trend breaks. 120 for a wickout bottom if the target breaks.
BOEING: Bearish - Possible SHARK detectedBOEING: Bearish - Possible SHARK detected
Boeing shares risk falling following an accident which left 50 people injured Monday in Australia during a flight from Sydney to Auckland, after a technical problem on a Boeing 787.
Technically, a SHARK is possible and the bullish channel breakout has been made.
And a PRZ around $140 may be possible.
monitor the 50 and 200 Moving Averages.
According to ICHIMOKU, a return to $221 is possible
BA SHORT 200PI love critical Level breaks. This is bear flagging right into 200. With all the bad news and price action. 200P 1/26 could 10x again tomorrow imo.
Buy BA $200 Put 1/26
4m
$1,480.00
10 contracts at $1.48
Type
Limit Buy
Position effect
Open
Time in force
Good for day
Submitted
1/25, 2:39 PM EST
Quantity
10
Status
Filled
Filled quantity
10 contracts at $1.48
Filled
1/25, 2:39 PM EST
Limit price
$1.50
Total cost
$1,480.30
Regulatory fees
$0.30
SHORT THIS OVER NVDA...
We'll See ya in the morning bois ;)
- Proffesseas
Boeing Stock Plummets Amidst DOJ Investigation & Safety ConcernsBoeing ( NYSE:BA ), the aerospace giant synonymous with innovation and air travel, finds itself in turbulent skies once again as its stock takes a nosedive following reports of a Department of Justice (DOJ) investigation and safety incidents involving its aircraft.
The latest blow to Boeing's ( NYSE:BA ) reputation comes as reports surface of injuries resulting from a "technical problem" on a LATAM flight involving a Boeing aircraft. Additionally, the DOJ's probe into an Alaska Airlines flight where a door panel came loose raises further concerns about the company's safety protocols and regulatory compliance.
The DOJ's investigation, which includes interviews with pilots, flight attendants, and passengers, could have significant ramifications for Boeing. The scrutiny extends to whether Boeing may have violated a previous settlement related to the infamous 737 MAX crashes in 2018 and 2019. Any findings of non-compliance could result in charges of defrauding the U.S. government or an extension of Boeing's probationary period.
These developments compound Boeing's ( NYSE:BA ) already precarious situation, with ongoing investigations into its manufacturing and safety processes. Recent incidents, such as a pilot reporting stuck rudder pedals in a Boeing 737 Max 8 and a "technical event" on a LATAM Airlines flight resulting in injuries to passengers and crew, further underscore the challenges facing the company.
Amidst the storm of controversy, Boeing ( NYSE:BA ) has remained tight-lipped, declining to comment on the DOJ's reported investigation. However, Alaska Airlines, one of Boeing's ( NYSE:BA ) major clients, asserts its cooperation with authorities while maintaining that it is not a target of the investigation.
The market's response to these developments has been swift and severe, with Boeing ( NYSE:BA ) shares plummeting more than 23% since the beginning of 2024. Investor confidence has been shaken by mounting concerns about Boeing's ability to navigate regulatory scrutiny and ensure the safety of its aircraft.
As Boeing ( NYSE:BA ) grapples with the fallout from these incidents, the road ahead appears fraught with challenges. Restoring trust and addressing safety concerns will be paramount for the aerospace giant to regain its footing in the industry.
In conclusion, Boeing's ( NYSE:BA ) stock woes underscore the high stakes involved in maintaining safety and compliance standards in the aviation sector. As authorities continue to investigate, the spotlight remains firmly fixed on Boeing's response and its commitment to ensuring the safety of passengers and crew worldwide.
BA Support Holding StrongBoeing is find strong at support $200 as we approach the bottom of an ascending channel we’re in…..also forming a falling wedge over the daily chart…..we could see a breakout and an increase in volume soon as the bulls should be stepping in……let’s see how this one plays out!
BA Key Support LevelBoeing is currently holding at the bottom of the channel on the Weekly Chart…..now that all bad news has settled in to the stock I believe we’ll have a gradual push to the upside respecting the channel and almost any good news will give the additional boost needed to push to the upside…..lastly I’ve found it beneficial to play companies like BA “Boeing” and UNH “United Healthcare” into the decision on the country’s budget, there’s usually money on that table somewhere for Defense and Healthcare…..let’s see how this one plays out!
Analyzing Market Dynamics: The Falling Wedge Dilemma Theoretically, we're observing a downtrend coupled with a falling wedge pattern here. However, there's a catch: we're still within the fair value zone, and the Point of Control (POC) sits higher.
Now, falling wedges, even amidst a downtrend, often tend to resolve towards the upside. If we follow this pattern, our target could hover around 212-214.
Considering the circumstances, I'm contemplating exiting my puts today. This feels like a bit of a coin flip, and frankly, this setup doesn't scream high probability to me—at least not in my playbook.
Is BA Boening ready ?On the daily chart BA had big trend up for November and December but then fell with news
of issues the the Max model which further developed into an FAA inquiry. In the meanwhile
Thailand and India based airlines contracted for more jets and an earnings report beat both
lines especially earnings. It would seem forward earnings are fortified by those new contracts.
The chart shows price currently sitting at the support of the bottom of the high-volume
area of the volume profile and just under the nearby POC line. In confluence, it has been in
consolidation at a Fibonacci level. I consider that BA has been accumulating within a narrow
range and is now well situated for another leg up. The last trend up was about 50% over 2
months. I will take a long trade here anticipating a similar move sometime soon. Targets
are 230 and 250 with call options for August or September also under consideration.
BA- Buy the recovery? or take partial profits? LONGBoeing had a near disastrous start to 2024 with a Malaysian part falling off a MAX jet at 36,000.
Incidentally, going viral is that an iPhone survived the plunge fully functional. 20% got
shaved off the market cap. I bought the low with calls at $215 expiring March 15'24. They did
80% for the week and 16% today. News catalysts are that an East Indian airline company placed
a contract for the purchase of 100 jets of uncertain model. Delta Airlines also did not pull their
existing contract. These catalysts have allowed price to recover about 1/3 of the plunge. The
15-minute chart demonstrates the super trend reversal better than the 60 minute which is
shown here on the idea. The relative volume indicator is about 3 X the running mean showing
trader interest uptick. BA could short squeeze where short sellers quickly buy to cover &
capture profit while the synergistic rise is compounded by near buyers coming in to get ahead
of the chasing? The caution is that the POC line on the intermediate
term volume profile is $ 210 and so getting contracts extended above that has increased
risk based on price distance from the POC. The uptrend instead of a true recovery could be
simply a correction in the overall downtrend. I will take some of the week's profit off
the table and keep a close watch on the price action.
BA Trade Setup into Earnings by Fib Retrace / Volume ProfileBA is shown on a marked up 120 minute chart with a Volume Profile and Fibonnaci retracement
levels as well as the trend angle reversal at the consolidation upon finding support at the
bottom of the high-volume area of the profile. The fib levels suggest targets. Risk in the trade
is after earnings reports of "beats" will drive the action higher or "misses" will cause a down
trajectory. Volatility will increase as the earnings date quickly approaches. Some traders may
want to close a winning trade just before earnings or take a predominant partial close leaving
the the rest to move through the storm looking for blue sky.
I have a risk appetite here. I will take call options for February 5th striking OTM at $240.
I will cut them no later than 24 hours before earnings or when they hit 200% if that happens
beforehand.
CAn Boeing weather the storm BA LongBA on a daily chart is trading in the bottom portion of its intermediate-term trading range
having incurred a series of adverse news catalysts, FAA investigation and loss of trader
sentiment. It is now in the lower portion of the high volume area and below the POC line.
There are multiple touches of a horizontal support before and after a big earnings beat.
The question now is whether BA can mount a good fibonacci retracement of the prior
downtrend. I believe that it is quietly acumulating volume and shares at a given price for
a solid base from which to make a trending move upside to the Fibonacci levels on the chart
and perhaps in time after another good earnings head toward the pivot high of last year.
I will go long from here finding good cause to buy at this discount.
Is BA accumulating for an another leg higher ? LONGOn this 120 minute chart of BA where price is a blue line I have superimposed a RSI from the 4H
time frame. Each is on its own scale RSI is 0-100 while BA is the actual price level. This set
up detects divergences to forecast near-future price action. One the chart text box comments
serve to explain this a bit more. Basically if price is flat and RSI is rising divergence is there.
Likewise if RSI is falling and price is sideways there is bearish divergence. It follows that when
the RSI line is above price and price is rising, if the slope of RSI exceeds the slope of price,
that is a bullish bias. If price is falling and is above the RSI which is falling faster that is
a bearish bias. At this time, I believe that institutions are making small ( for them )
incremental buys trying not to move price until they get their quota. Price is currently
below the mean VWAP anchored into the distant past. Most buying and volatity will occur
at that price. I want to get in early. I will buy call options above current price near to
the VWAP so striking $210. So far BA has been very good to me actually a cash cow because
of the strategy used. I have two contracts at $220 for July. If things go well with this
trade, I will use the profits to buy a contract for expiration in September and spread the
risk over more time as a risk-off strategy. A stock share long trade is good from here for an
investor but the price ranging is not enough for your average trader. Fundamentally BA has
had plenty of good news and bad news. I focus on the good news. The new contracts to buy
coming out of India and Thailand point to future earnings stability something that suggests
the time to trade is now.
Expecting over $210 in the next 2 weeksThis is purely going off of technicals. I think there are some good levels to take into consideration and worth exploring. I'm particularly excited about the gaps we have yet to close. Of course, I'm ready for a bearish scenario as well with my stop loss clearly illustrated. Right now I like the risk to reward ratio. Let's see what next week brings.
"Boeing Stock: Key Point in Rising Channel, Watch for Volatility"We are currently at a crucial point in Boeing shares. If we can stay within the ascending channel, a consistent upward trend may continue. However, if we deviate below or above the channel, I have indicated potential areas. Additionally, I have expressed possible buy and sell zones. It is important to pay attention to potential volatility."
WARNING: THIS ANALYSIS IS NOT INVESTMENT ADVICE. CONSIDER YOUR RISK TOLERANCE AND FINANCIAL SITUATION BEFORE MAKING DECISIONS. FUTURE PERFORMANCE IS NOT GUARANTEED; THIS IS MERELY AN OPINION. INVEST PRUDENTLY AND CONDUCT THOROUGH RESEARCH.
