Boeing stock market today 2019

Boeing BA american stock dropped to strong weekly demand imbalance located around $366 per share. Clear uptrend on the weekly and monthly timeframes with new demand levels being created and supply levels being eliminated. There is no reason to go short no matter how bad the news are on Boeing stock due to the last two unfortunate plane crashes in the last months were so many people died. I don’t think big investors take that into consideration, the retailers will because they will see bad news on all media, fear will take over and they will sell their Boeing shares. What happens then? Those are the sellers that big investors need to go long.

Boeing BA american stock analysis and forecast

Where did price drop after last unfortunate accident? Price dipped to a very strong weekly demand imbalance located around $366 per share. Boeing stock has already reacted to that demand level, it rallied more than $10 since it reached that demand imbalance.

As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and reacts strongly to those imbalances. Why is it that 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.

You can use these imbalances to plan your trades in lower timeframes. There are several ways of buying stocks. 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.

Watch this Boeing video analysis

Alfonso Moreno
Alfonso Moreno
Full time trader, expert technical analyst and founder of Set and Forget supply and demand online trading community. Traveler, photographer and adventurer.

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