Trading Boeing $BA With Integrated Risk Controls

October 12, 2023, 08:45 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BA

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short BA slightly under 204.64, target n/a, stop loss @ 205.23 Details

The technical summary data is suggesting a short of BA as it gets near 204.64, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 205.23. 204.64 is the first level of resistance above 196.2, and by rule, any test of resistance is a short signal. In this case, if resistance 204.64 is being tested, so a short signal would exist.

Swing Trading Plans for BA

• Buy BA slightly over 204.64, target 226.69, Stop Loss @ 204.05 Details

If 204.64 begins to break higher, the technical summary data tells us to buy BA just slightly over 204.64, with an upside target of 226.69. The data also tells us to set a stop loss @ 204.05 in case the stock turns against the trade. 204.64 is the first level of resistance above 196.2, and by rule, any break above resistance is a buy signal. In this case, 204.64, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short BA slightly near 204.64, target 193.35, Stop Loss @ 205.23. Details

The technical summary data is suggesting a short of BA if it tests 204.64 with a downside target of 193.35. We should have a stop loss in place at 205.23 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 204.64, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for BA

• Buy BA slightly over 198.35, target 204.64, Stop Loss @ 197.89 Details

If 198.35 begins to break higher, the technical summary data tells us to buy BA just slightly over 198.35, with an upside target of 204.64. The data also tells us to set a stop loss @ 197.89 in case the stock turns against the trade. 198.35 is the first level of resistance above 196.2, and by rule, any break above resistance is a buy signal. In this case, 198.35, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short BA slightly near 198.35, target 193.74, Stop Loss @ 198.81. Details

The technical summary data is suggesting a short of BA if it tests 198.35 with a downside target of 193.74. We should have a stop loss in place at 198.81 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 198.35, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Boeing (BA) available here: BA.

BA Ratings for October 12:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	204.64
P2	193.74	184.56	226.69
P3	198.35	193.35	249.23

AI Generated Signals for BA

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Boeing (NYSE: BA) report below can help you, but we have more details too. The trading plans for BA, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.