Boeing uptrend opportunity based On 1.00 Lot Calculation:
- Boeing Company, American aerospace company—the world’s largest—that is the foremost manufacturer of commercial jet transports. It is also a leading producer of military aircraft, helicopters, space vehicles, and missiles. Boeing manufactures seven distinct families of commercial aircraft, which are assembled in two facilities—Renton and Everett—in Washington state and one facility in California.
- EVENT: Boeing Company announced that Investment 777 Partners, a Miami-based private investment firm, has agreed to purchase 24 737 MAX 8 airplanes with the option to purchase 60 additional planes at a later date. A strategic investor in the aviation sector, Investment 777 Partners plans to lease the 24 planes to its partners, including Canadian-based Flair airlines, a low-cost passenger carrier. Boeing believes Investment 777 Partners’ order demonstrates renewed faith in it and that the purchase marks a turning point for the company.
- Also, Reuters reported that Boeing was nearing a multibillion-dollar deal with Southwest Airlines Co for the purchase of 737 MAX 7 airplanes.
- Airlines have slowly begun to put orders in for Boeing’s 737 MAX planes as bans are slowly lifted across the globe.
- Boeing shares were trading higher on Friday. The stock may also be gaining amid reopening optimism, which has been a positive catalyst for air travel stocks.
Boeing, March 15, 2021
Current Price: 270
|
Boeing |
Weekly |
|
Trend direction |
|
|
308.00 |
|
|
295.00 |
|
|
281.00 |
|
|
259.00 |
|
|
247.00 |
|
|
233.00 |
Example of calculation base on weekly trend direction for 1.00 Lot*
|
Boeing |
||||||
|
Profit or loss in $ |
38,000.00 |
25,000.00 |
11,000.00 |
-11,000.00 |
-23,000.00 |
-37,000.00 |
|
Profit or loss in €** |
31,860.48 |
20,960.85 |
9,222.77 |
-9,222.77 |
-19,283.98 |
-31,022.05 |
|
Profit or loss in £** |
27,310.62 |
17,967.51 |
7,905.71 |
-7,905.71 |
-16,530.11 |
-26,591.92 |
|
Profit or loss in C$** |
47,405.00 |
31,187.50 |
13,722.50 |
-13,722.50 |
-28,692.50 |
-46,157.50 |
* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 14:30 (GMT) 15/03/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details