BOEING COMPANY (BA) for long positionSignals
Position: long Entry price: 198
Target price: 230 Stop loss: 200
Indicators
RSI is very low, better to wait till the price touches the support line around 198.
Bullinger bands and Keltner channel are opened, meaning a strong trend. So the price will probably reach the support. Same clues from the MACD .
Conclusions
Boeing is going to be fine despite the near-term turbulences. Recent weaknesses from the stock is an entry opportunity for long positions and also for long term positions.
Clearly from the lines the trend is positive.
Airlines
Technical analysis update: LUV (13th July 2021)Southwest Airlines Company experiences correction similarly like Delta Airlines. Graphs of these two companies show high positive correlation. Though there are some differences. In Southwest Airlines Company RSI bottomed out and reversed back above 30 points. MACD and Stochastics show first signs of reversal too. In addition to that LUV did not retrace its recent opening gap. These are all bullish developements for LUV. Because of that we would like to set our short term price target for LUV to 55 USD and our medium term price target to 57.50 USD.
Correlation with DAL:
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Technical analysis update: DAL (13th July 2021)Delta Airlines experiences correction for about four months now. ADX continues to climb above 27 points which suggests that trend might be near its peak. In addition to that RSI fails to cross below 30 points. Such phenomenon in RSI tends to correlate with strong bullish trend of higher degree and weak bearish trend of lower degree. MACD and Stochastics remain bearish. Despite that we would like to set our short term price target for DAL to 45 USD and our medium term price target to 47.50 USD.
Correlation with LUV:
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Decisive moment for UALUAL has been tracing out a choppy symmetric triangle since March 2021, and has also obeyed the key ascending support since the Covid meltdown of Mar-May 2020. UAL is now testing that key support again, and 3 distinct scenarios could play out. (1) Immediate upside bounce, (2) Re-test the $50 support and recover, i.e. false break-down, or (3) fail the re-test and fall into the sub-$50 range.
All scenarios end with the same target range of $57-$60, but just have different time horizons. Anyway consider placing your stops somewhere respectful of the "trap" losses at risk in scenario (2).
BA Should Hold Support Here BA Current Price $237 Price Target $280
BA $240c 7/9 ($181,2% till breakeven) (Outstanding)
Boeing Shares fell sharply on Friday after yet again another plane issue that caused a cargo ship to land in the ocean. Only two people were on board the plane and both have no significant injuries.I think BA will be able to move past this issue and continue to receive more orders and be a beneficiary of the reopening. After the holiday weekend Im expecting big travel numbers which should help a travel stock like BA. Technically on the chart we have a firm support level around $235. We should hold that level and trade up to $245 in the short term.
AMERICAN AIRLINES ON RECOVERY - INTERESTING - ALL - DAILYThank you for your likes, shares and comments! really appreciated! This is not a financial advice just an idea
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ALL American Airline Group >
- A slow recovery
- A strong redline roof
- A potential triangular long entry zone
- Beating some strong selling powers ranging above those past levels
NEW POSITION $LUV Target 64.78 for 15.93% $LUV Target 64.78 for 15.93%
Or double position at 46.98
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
ABNB Summer runner + new highsABNB Daily TF
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Analysis
Strong name and after 2021 Q1 earnings, reporting revenue has already recovered to pre pandemic levels... $ABNB is showing strength for stockholders and more growth to come with International travel still on the verge of recovering. Possibly see an increase in $ABNB bookings with travel activity increasing as summer approaches. Now... after nearly correcting 40% from ATHs, looks like we have reached a nice bottom consolidation in 129-139 ranges with a nice breakout to 152.70 and building support around 144 level. Nice bull flag set up with two daily inside candles to start the week. These next couple days will determine direction. Ideally would like to see this push to 151 by the next two days, and open the next day above the previous days close for continuation to new highs (over 152.70 is breakout level).
Targets: 155, 162, 173
Key Levels
Support: 146.38, 143.88, 141
Resistance: 151, 152.70
Trade Ideas
1.Shares
2. 1-2+ week out calls (atm/ otm 5-10pts out *further otm buy more time*)
Southwest Airlines Looks Like It Wants to BreakawaySelling climax and capitulation occurred during period from Mar-2020 thru early Aug-2020. Covid-19 infection rates were shifting into acceleration mode and an effective vaccine had yet to be developed/approved. Economic conditions were deteriorating and the airline industry was barely "hanging by a thread". So what's different? Global economic recovery and loosening of TSA restrictions and CDC guidelines are a relief to both businesses and consumers.
That's the fundamental story undergirding this price action in LUV. Technically speaking, LUV is undergoing a consolidation phase which began @ 3 months ago. This weekly chart shows a classic cup-with-handle pattern and typically is followed by a breakout to new highs or, at the very least, a high probability to test prior resistance levels @ 65-67 price levels.
This creates a short-term trading opportunity or potential for an extended run for more patient investors who subscribe to the economic recovery investment thesis.
Signing off....
J Clinton Hill
TechnicallyMacro.com
$AAL - COVID Recovery Gap Fill to $27?Was watching this for a while, but generally dont get involved in airlines. Today AAL has broken out of its ascending triangle, a bullish sign that may give this steam to fill the gap near $27. No position, but if you were interested, stop loss and target are included on setup.
AAL - Airlines recovery, BUY opportunityWe can see a nice wedge breakouts on rising volume in airlines.
Fundamentally, we should take into a consideration deffered demand on trips due to COVID restrictions. Combined with Technical Analysis it means that airlines have space to growth.
I am publishing this idea a bit later then I should, but still it is a great buy opportunity.
Keep in mind your possible risks. Probably AAL will give a chance to take a large position on retest (level 22.30). Stop Loss 21.00
IAG / ICAGY dip upcoming?ICAGY has finally broken under the ascending support line whose anchor point (a historical minimum) formed in Oct 2020. Price action in the past 6 weeks has traced out a bearish triangle; if the pattern is confirmed, we would expect a >20% drop down to the $4.00 area. High buyer interest at those prices would almost certainly mean a rejection back to the $5+ range, barring secondary/complicating effects introduced by a dividend announcement.
DESCENDING WEDGENice descending wedge forming on 1D chart of BA. The confirmation might be over the low smas (9,20) and obviously a break out over the wedge resistance line. I am bullish for the next week and see big potential for this sector. Nice support on the 100sma. Just an amazing play it would be 😋😍
$JETS - Recovery of the Airline Industry“The U.S. Global Jets ETF $JETS provides investors access to the global airline industry, including airline operators and manufacturers from all over the world.”
TECHNICALS
$JETS is currently trading at $25.50 which is 13% below their most recent high of $28.98 which was made in March 2021. The stock has been in an upward trend since October 2020 as a result of increased vaccinations around the world and strong guidance. As seen on the chart, between 2017 and early 2020 $JETS established a strong support zone between $27.50 and $28.50. With travel expected to increase into the summer and vaccinations continue to be rolled out, $JETS can potentially see a 10% move and settle between $27.50 and $28.50 in the coming months.
RECOVERY
Based on their most recent earnings reports, airline companies such as $AAL, $DAL, $LUV, and $UAL have all posted that their revenue is up 100% or more from their pandemic lows. Although revenue is sitting around 50% of pre-pandemic levels, the growing number suggests that the industry is recovering.
RISKS
The greatest risk to the travel industry at the moment is the massive increase in covid cases in India and the emergence of the new covid variant B.1.617. Although much more information is needed, the new variant appears to be spreading at a much faster rate than before and it is unknown if vaccines will help prevent the contraction of the virus.
Anthony, OptionsSwing Analyst
Airlines lagged as Dow Transports move upFEDEX and UPS have moved up alot in recent days along with some other dow transports. Airlines have lagged behind with no bids. This week, look for Airlines to move out of oversold conditions to move Dow higher. News will break out as passengers return to flying domestically. Volume will pick up accordingly. Breach 46.70 with volume, look out 52!