As explained in a previous analysis, we expected Boeing’s stock price to rally much higher. That’s exactly what this American stock has done regardless of the COVID-19 pandemic, together and problems delivering new aircraft to clients. Problems in the airline sector for the lack of travellers due to the lockdown. Read the Boeing stock forecast below.
The COVID-19 pandemic has affected Boeing’s Stock price this year, 2020, quite a bit because the whole world has been locked down, and the skies have been almost empty for a few months. But should it be a problem? No, it should not. We must not focus on fundamentals analysis or catastrophes as supply and demand traders. We must use the logic behind price, why it moves and when it’s too cheap or too expensive.
Maybe Boeing stock may seem expensive to buy if you have a smaller trading account. That shouldn’t be a problem with many stock brokers now since they allow the purchase of a single share, not multiples of 100 shares. If you were to buy one single share of Boeing stock today, it would cost you $202. That’s not a lot of money. You can triple that amount and much more. You are no longer forced to buy 100 shares. That would be like a $20,200 investment. You can buy maybe 10 shares of Boeing stock for about $1,000.
However, as supply and demand traders, we know that after a strong sell-off, we should expect a bigger correction. Boeing’s stock price has just done that as expected. The stock has been rallying much higher for the last three weeks, and it’s a nice stock candidate for long-term longs with a lot of margins for profit to reach a weekly imbalance much higher, around $335 per share.
See below the Boeing stock forecast, the before and after scenarios as explained in a previous Boeing stock price analysis.
This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.
Trading supply and demand imbalances are ideal for beginners and those with a full or half-time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind.
As supply and demand traders, we do not need to pay attention to Boeing stock news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why do you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.
Unless you are doing very short-term trading and scalping, you should not worry about fundamentals or earnings announcements on Boeing’s stock price.
You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for the price to pull back or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.
There are several ways of buying stocks and futures. When trading stocks, you can buy shares of the underlying stock or use options strategies to go long or short at these specific supply and demand levels, long calls or long puts or spreads. You can even buy Boeing stock CFDs (contracts for difference) if you are in a country where it’s allowed.
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