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Technical analysis update: JETS (8th February 2022)The airlines sector has been strongly impacted during the Covid 19 crisis which resulted in slump of most aviation related stocks. Over the past two years, this sector has been lagging behind the rest of the economy as a result of persisting lockdowns, travel restrictions and other health related mandates. Although, some countries such as Italy, Great Britain, Denmark, Norway and Switzerland are already seeing restrictions on social life being eased. We expect this phenomenon to continue globally and strengthen over time as the Omicron variant poses lower health risk when compared to previous strains of the virus. We view this as a very positive development for the airline sector and as one that will bring air travel back to life over time. Additionally, we think this will act as a catalyst which will result in a revival of the bullish trend. At the moment, the JETS ETF remains approximately 36% below its all time high value which is attractive pricing in our opinion. Further, we are becoming increasingly bullish on the JETS ETF; because of that we would like to set a short-term price target to 23 USD and medium-term price target to 25 USD. Additionally, we would like to set a long-term price target to 30 USD. Illustration 1.01 Illustration above shows the weekly chart of combined market cap of AAL+DAL+LUV+BA. It is 45% below its all time high value from February 2019. Illustration 1.02 Illustration above shows the weekly chart of combined market cap of LHA+AF+RYAAY. It is approximately 17% below its all time high value from November 2017. Technical analysis - daily time frame RSI is bullish. MACD is due to perform a bullish crossover which strongly bolsters the bullish case for JETS. Stochastic is bullish too. DM+ and DM- show bullish conditions in the market. However, ADX contains low value which suggests that the prevailing trend is either neutral or very weak. Illustration 1.03 Picture above shows the daily chart of JETS. It also shows the downward moving channel where upper bound acts as resistance and lower bound as support. We expect an eventual breakout above the resistance. Breakout setup for this trade would involve entry above the resistance and stop-loss below it. Technical analysis - weekly time frame RSI is bullish. MACD remains in the bearish area; though, it is flat and trying to turn to the upside. Stochastic is neutral. DM+ and DM- are bearish with ADX showing presence of weak or neutral trend. Support and resistance Resistance 1 lies at 22.94 USD and Resistance 2 at 25.20 USD. Resistance 3 sits at 28.98 USD. Support 1 can be found at 19.28 USD. Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
AMEX:JETSLong
by Tradersweekly
7
Boeing Crashing. BAImmediate targets 201, 193, 183. Invalidation 257. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NYSE:BAShort
by Rykin_Capital
6
$MSFT $BA $BABA $BTCUSD I OptionsSwing WatchlistMSFT 1D I We have a possible head and shoulder pattern in formation on the daily chart for MSFT. The neckline is near $280, a break below can take us to $260. BA 1D I Just as we expected we saw BA retrace to our $205-$210 support level. Overall, it is showing strength relative to the market, indicating the bull flag might break. BABA 4H I Currently down more than 60% from ATH. We have a possible ascending triangle on BABA leading into earnings. BABA reports earnings on 02/24 pre-market. BTCUSD 1D I Just as we mentioned last week we were expectinga pullback on BTC to near $38K. Now we want to see it hold above this level and make a higher low.
NASDAQ:MSFTLong
by optionsswing
$SPY $BA $DKNG $BTCUSD I OptionsSwing WatchlistSPY 2H I We had a double top on SPY last week and a breakdown from an uptrend. Watching for a break below Friday's low and a full given market weakness. BA 1D I We have a massive bull flag on the BA daily and hourly chart, which has been playing out since March of 2021. Watching for a lower high between $205-$210. DKNG 2H I We have an ascending triangle on DKNG on the 2 hour time frame. DKNG is due to report earnings this week. Watch on a break from our trading pattern. BTCUSD 1D I Bitcoin broke out from a massive downtrend at the end of January. As of now it failed to break through/hold $45K. Watching for a lower high near $38K
AMEX:SPYLong
by optionsswing
Boeing in a Range? The Boeing Company - Short Term - We look to Sell at 229.71 (stop at 242.04) We look to sell rallies. Previous resistance located at 230.00. Previous support located at 190.00. Trading within a Bearish Channel formation. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 230.00, resulting in improved risk/reward. Our profit targets will be 190.83 and 176.80 Resistance: 230.00 / 240.00 / 260.00 Support: 200.00 / 190.00 / 175.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:BAShort
by Saxo
$UPS $BA $DIS $BABA I OptionsSwing WatchlistUPS 4H I UPS possible ascending triangle. Seems to be testing the bottom of the pattern we can attempt to catch the bottom on this name with a tight stock below $206. BA 1H I The breakout we wanted above $219 happened last week. BA can hit $230 resistance this week before pulling back as earnings approach on 01/26. DIS 2H I Strong bounce on DIS at the bottom of our channel. We've picked up unusual activity betting it could fill the gap to $155. Watching a break above 01/14's high. BABA 1D I Jumped to a high of $138.70 last week. Retraced as the markets pulled back and it is now holding support above $130. Possible breakout on the 15M time frame.
NYSE:BABALong
by optionsswing
2
Boeing: Looking for Lower Levels? The Boeing Company - Short Term - We look to Sell at 208.00 (stop at 216.00) Preferred trade is to sell into rallies. Previous support, now becomes resistance at 205.00. Levels close to the 50% pullback level of 209.60 found sellers. Daily signals are bearish. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 205.00, resulting in improved risk/reward. Our profit targets will be 187.00 and 176.00 Resistance: 205.00 / 230.00 / 240.00 Support: 200.00 / 190.00 / 180.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:BAShort
by Saxo
6
$AAPL $BA $SE $NVDA I OptionsSwing WatchlistAAPL 1H I AAPL was rejected once again near $180. It might be forming an ascending triangle. Watching for a bounce near our trend or near our support level at $176. BA 30M I BA seems to be consolidating right above $200. Picked up unusual activity on Friday. Watching for a bounce near the $200 level or a breakout from the current pattern. SE 1H I SE is down nearly 40% from recent highs. It is breaking out from the current downtrend, and last week we saw a bullish reversal sign as it is making a higher low. NVDA 2H I Broke out from our pattern last week, it is pulling back now and forming a possible falling wedge. Watching for a breakout from this pattern or bounce near $290.
NASDAQ:NVDALong
by optionsswing
Is this the beginning of the long waited move?Although "almost" every single sector moved ATH's, the travel stocks are still at their lows. I have been keeping eye on CCL AAL BA for their long waited move. Looking at the daily chart: 1. Made the first higher low 2. Stayed above the 0.236 Fib line 3. RSI 14 crossed RSI 50 Looking CCL to move to the 0.382 Fib line and hoping it will either: 1. Stay above 2. Make a higher high and create a bullish trend. PS. This is not a financial advise nor I am a financial advisor.
NYSE:CCLLong
by aaronrtan
1
BA - Finally showing some signs of lifeBA, one of my favorite companies (I'll just throw this out there so you can know of some Bias before reading further), if finally showing signs of life and more catalysts on the horizon. 737 Max Approval appears highly likely - although this might prove to be a "sell the news" event after recent price movement, it ultimately will bring the stock higher in the coming months. COVID Vaccine = more confidence to regain some sort of normalcy as far as air travel - I agree we wont go straight back to where TSA numbers were historically but it's a massive step in the right direction. 737 Max Orders - Rumors yes, but once the plane is FAA cleared - people will start to see and understand it'll be the safest bird in the sky. Fuel efficient, retirement of old planes, Planes ready to ship almost instantly. Defense contracts - I sometimes feel like BA defense operations have been over looked (not all but some) and from a FCF perspective - this just is another drop in the bucket to getting profitable. Dividends reinstated down the line. I'm sure I missed some but just throwing some ideas out there, why I see this heading in an uptrend with further room to run by year end. PT1: $223 PT2: $265 PT3: $308 I'm betting by year end we're between PT1 and PT2 but as always trade wisely. GLTA
NYSE:BALong
by Slothcharts14