This is just my analysis of BA and my thoughts for trading Monday. So, i personally like to use Fibonacci Retracements, Bollinger bands, MACD and a few other indicators. From the look of it, to me, it may have another day just like Friday depending on how the overall market is doing. Went up $5.43 total including pre-market. BA had a nice amount of volume at the end of the day. The MACD just crossed showing a sign of an upward trend. Same with the moving averages using a 6, 14, and 26 period exponential moving average are showing signs of the start of an upward trend but has not crossed yet. The Fib Retracement is already jumping up into the next percentile. Although not a hugely popular indicator, i use it and have seen it work on many occasions. Bollinger bands show the price jumped up over the center line moving average as well. I see it running up to at least the $334.90 area. If it gets past there, it may test the waters again around $335.50-336. It may pull back on one of these points mentioned be cautious and pay attention.
Keep in mind, this is all based on a zoomed in, 1 day and 1 minute scale as i day and swing trade. Picture link posted below for chart. I love trading BA. It's a great, strong company and even exceeded earnings expectations this quarter as they have the last 7 quarters from what i saw. I see it growing plenty more this year as they've been steady growing over the years.
As far as i can tell, there are a couple potential catalysts to include the possible UK contract over Airbus and the new KC-46A Pegasus tanker awaiting USAF approval. Both links below.
Make sure that if you follow this advice to do your due diligence and research what you're getting into as this is all my own personal opinions. Let me know what y'all think and any constructive criticism is welcome. Thanks for y'all's time and happy trading!
Picture of a chart for reference - https://imgur.com/gallery/5No5bVM
https://www.cnbc.com/2018/05/04/boeing-looks-set-to-beat-airbus-in-new-plane-deal-with-iag.html
Submitted May 06, 2018 at 05:17PM by 79camaroZ28 https://ift.tt/2FP1hmr
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