Short

Nice Doji forming on BOEING weekly chart. Put Option play ??

Updated

Boeing just reported a loss of earnings this quarter. Note the strong downtrend Boeing has acquired since its airplane issues. This small doji signals that only a small amount of buyers are at this low level. If price goes below this Doji, then sellers are back in control to the downside. This could be a nice Put Option play to the downside.

Note

I would love to hear your thoughts???

Trade active

Warren Buffet states he sold all his airline holdings in April. Well, this can't but help my case in the short on Boeing. This story is better than "Better Call Saul," LOL!!

FireKnight

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