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$BA | #Boeing Back To $200
The heavy selling last week and the 30% decline seems to have attracted some buyers once again.
the stock had a massive swing today having been down 7% pre market it ended in the green.
LEts see if the $200 target can be hit in the days to come.
Passenger numbers over the weekend were very positive for the airlines and BA moved in tandem .
$BA | #Boeing Back To $200
The heavy selling last week and the 30% decline seems to have attracted some buyers once again.
the stock had a massive swing today having been down 7% pre market it ended in the green.
LEts see if the $200 target can be hit in the days to come.
Passenger numbers over the weekend were very positive for the airlines and BA moved in tandem .
$CVNA May get a better entry for Carvana
Stock carries a high short interest at 34%
Company profile
Carvana Co. is a holding company and an eCommerce platform, which engages in the buying of used cars and provision of different and convenient car buying experience. It operates through the following segments: Vehicle Sales; Wholesale Vehicle Sales; and Other Sales and Revenue. The Vehicle Sales segment consists of used vehicle to customers through website. The Wholesale Vehicle Sales segment comprises of the proceeds from vehicles sold to wholesalers. The Other Sales and Revenue segment composes of sales of automotive finance receivable originate and sell to third parties. The company was founded by Ernest Garcia, III , Benjamin Huston and Ryan Keeton in 2012 and is headquartered in Phoenix, AZ .
#TopMarketGainers | $CVNA May get a better entry for Carvana
Stock carries a high short interest at 34%
Company profile
Carvana Co. is a holding company and an eCommerce platform, which engages in the buying of used cars and provision of different and convenient car buying experience. It operates through the following segments: Vehicle Sales; Wholesale Vehicle Sales; and Other Sales and Revenue. The Vehicle Sales segment consists of used vehicle to customers through website. The Wholesale Vehicle Sales segment comprises of the proceeds from vehicles sold to wholesalers. The Other Sales and Revenue segment composes of sales of automotive finance receivable originate and sell to third parties. The company was founded by Ernest Garcia, III , Benjamin Huston and Ryan Keeton in 2012 and is headquartered in Phoenix, AZ .
$ABBV On breakout watch above $100
P/E ratio 17.15
Company profile
AbbVie , Inc. is a research-based biopharmaceutical company, which engages in the development and sale of pharmaceutical products. It focuses on treating conditions such as chronic autoimmune diseases in rheumatology, gastroenterology, and dermatology; oncology, including blood cancers; virology, including hepatitis C virus (HCV) and human immunodeficiency virus (HIV); neurological disorders, such as Parkinson's disease; metabolic diseases, comprising thyroid disease and complications associated with cystic fibrosis; pain associated with endometriosis; and other serious health conditions. The company was founded on October 19, 2011 and is headquartered in North Chicago, IL.
$SPY Chart Review
Factors to consider -
Regaining the 200 & 20 ma's first targets for bulls.
Local Fibonacci support held at $299.93
Horizontal support below is $297
Major Fibonacci support $296-$292
Uptrend is broken but that is not a major problem, trend-lines
changes constantly within uotrends.
RSI no longer overbought.
Remember markets go up more often than down.
$SPY Chart Review
Factors to consider -
Regaining the 200 & 20 ma's first targets for bulls.
Local Fibonacci support held at $299.93
Horizontal support below is $297
Major Fibonacci support $296-$292
Uptrend is broken but that is not a major problem, trend-lines
changes constantly within uotrends.
RSI no longer overbought.
Remember markets go up more often than down.
$BA Boeing Chart Review
Another dreadful session for $BA which resulted in
a 16% decline, somewhat due to the lack of price support .
I have identified some historical support
levels to consider in tomorrows session if the
trend remains bearish .
The main support sits at $155 but hopefully its not required.
Bulls would like to reclaim the $173 Fibonacci level.
$ABBV On breakout watch above $100
P/E ratio 17.15
Company profile
AbbVie , Inc. is a research-based biopharmaceutical company, which engages in the development and sale of pharmaceutical products. It focuses on treating conditions such as chronic autoimmune diseases in rheumatology, gastroenterology, and dermatology; oncology, including blood cancers; virology, including hepatitis C virus (HCV) and human immunodeficiency virus (HIV); neurological disorders, such as Parkinson's disease; metabolic diseases, comprising thyroid disease and complications associated with cystic fibrosis; pain associated with endometriosis; and other serious health conditions. The company was founded on October 19, 2011 and is headquartered in North Chicago, IL.
$BA Boeing Chart Review
Another dreadful session for $BA which resulted in
a 16% decline, somewhat due to the lack of price support .
I have identified some historical support
levels to consider in tomorrows session if the
trend remains bearish .
The main support sits at $155 but hopefully its not required.
Bulls would like to reclaim the $173 Fibonacci level.
$AAL American Airlines Review
AAL had a strong rejection from the Fibonacci Golden Pocket @ $22.89, in reality
it had ran to far to fast and was overbought. The selloff has found support on the 12MA, any
recovery now must cross the main Fibs (while) and the local Fibs (yellow). Moving
averages and the VWAP $16.80-$17.50 is strogn resistance.
If trading remember the pain this week when placing your trade.
$AAL American Airlines Review
AAL had a strong rejection from the Fibonacci Golden Pocket @ $22.89, in reality
it had ran to far to fast and was overbought. The selloff has found support on the 12MA, any
recovery now must cross the main Fibs (while) and the local Fibs (yellow). Moving
averages and the VWAP $16.80-$17.50 is strogn resistance.
If trading remember the pain this week when placing your trade.
So has a 35% decline this week brought a fresh buying opportunity?
The RSI was overbought but has now found support on previous resistance.
Buyers bid step in before the close yesterday and European airlines have recovered strongly today.
I have included some upside resistance levels/targets to use during today's session.
Moving averages must also be considered as resistance having provided such reliable support
from the lows.
So has a 35% decline this week brought a fresh buying opportunity?
The RSI was overbought but has now found support on previous resistance.
Buyers bid step in before the close yesterday and European airlines have recovered strongly today.
I have included some upside resistance levels/targets to use during today's session.
Moving averages must also be considered as resistance having provided such reliable support
from the lows.
$BA Boeing Sales Figures no shock
Today's negative sales figures were no big surprise and may very well had no influence on the stock which was way overbought.
The stocks RSi has reached 84 which was not sustainable, thus the drop and wise traders taking some profits.
Would like to see it consolidate and maybe test the $200 level before gathering some energy to move higher.
$BA Boeing Sales Figures no shock
Today's negative sales figures were no big surprise and may very well had no influence on the stock which was way overbought.
The stocks RSi has reached 84 which was not sustainable, thus the drop and wise traders taking some profits.
Would like to see it consolidate and maybe test the $200 level before gathering some energy to move higher.
$AMZN AMAZON on watch for break above Fibonacci resistance
Alert set for break above $2550 for a possible long on break above the fib 1.618 level.
Looks like we may get some rotation back into big tech in the days to some after the recent rally in many of the beaten s=down sectors.
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