BA - Breakout Imminent
Repeat formations in the stock are indicating a breakout is coming. News has been positive with 737’s being re-commissioned in December and tickets being purchased as early as the end of this month. Three targets after 170-175 breaks: 1st is 190, 2nd is 227, and 3rd is 249. Tagging the third target would also mean we close another gap from the covid-19 market collapse. Currently awaiting potential bailout news as the government is considering another stimulus. In my opinion, that would be the catalyst to get this moving through the weekly red cloud that’s looming above. Good luck if you play!! I’m long in options 3 weeks out.
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