MOMENTUM - Engine Failure, Breakout Failure - Boeing $BA - Short
Updated
Momentum trade:
- Looking for a quick short in the morning on Boeing.
- Bad news with grounded 777 after engine failure.
- Terrible earnings, terrible indeed.
- BA has NO business breaking out of resistance here.
Not their fault, but shorts will attack. Don't be greedy either in this market. Both sides get chopped!
SL: 226
TP1: 207
TP2: 203
TP3: 190
RRR: 3.0
- Looking for a quick short in the morning on Boeing.
- Bad news with grounded 777 after engine failure.
- Terrible earnings, terrible indeed.
- BA has NO business breaking out of resistance here.
Not their fault, but shorts will attack. Don't be greedy either in this market. Both sides get chopped!
SL: 226
TP1: 207
TP2: 203
TP3: 190
RRR: 3.0
Trade closed: target reached
Closed with TP1, not as strong of a short as I was expecting. (24/33)
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