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BA VWAP bounce LONG
Boeing Company (The)
Long
BA VWAP bounce LONG
By AwesomeAvani
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Updated
Aug 26, 2023
4
Cheer
Cheer
Aug 19, 2023
BA on the 1H chart put in a double top. Given the heavy volumes on the volume
profile, BA was shorted heavily at the top. Those shorts have rode the profit train
down to the mean VWAP. At this point they are buying to cover and taking profit
and are joined by new buyers. BA has reversed and pivoted up. the MACD is
confirmatory. Volume is adaquate and steady albeit without any spikes.
BA is a low mover. Price has about 5% upside to the double top and POC line of
the volume profile. This is most suitable for a call option trade to follow this
megacap up. Please leave a comment if you would like to query my ideas as to
a good option for this trade.
Aug 26, 2023
Trade active
BA rose to a pivot closed 50% of the position then fell to a low at 212 reload the
profit and then some looking for a target of 238 on this uptrend.
airlinesstock
anchoredvwap
BA
emaribbon
Moving Averages
Oscillators
reversal
reversalpattern
volumeprofileanalysis
Volume
vwapbounce
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