BA-2
TSLAInside day candle on the weekly.
TSLA reports earnings after close on Wednesday. A 75 point move is priced in.
**TSLA previous earnings (4/29, 7/22, 10/21) gapped up at market open the next day, and sold off. Same day expiration OTM Options Premiums opened losing almost all value. Be aware of this.
Lotto Trade Idea: 900C BID/ASK: 15.75/16.10
775P BID/ASK: 9.10/9.50 can work if you're bearish.
AAPLAAPL had a strong week last week, and was able to close above the 138 level on Friday. AAPL reports earnings after close on Wednesday. A 9 point move is priced in. If AAPL has a positive earnings reaction they can move straight to 150. A negative earnings reaction can move back down to 128.
Lotto Trade Idea: 150C BID/ASK 1.30/1.32
BA AlertLooking back historically on BA's chart we can see a favored pattern the stock likes to move in. We have seen since the beginning of last year 2 large bullish flag formations. We now have been trending in a much tighter and shorter flag since the middle of November. Only recently have we broke out of that flag and are now testing out our 200MA - 1Hr .
Keep eyes on Boeing - a lot of room for a promising recoveryIt took some time for Boeing to break out of its bullish wedge, but the support held well, and we see some more stubborn attempts from buyers to push the price up.
RSI is rising above 50, MACD has crossed over and the histogram is moving slowly towards positive territory. Earnings are after 7 days. so keep that in mind. An impulse above $216 will confirm the continuation of the bullish trend. My long term target is $250.
BA Take profit mode off completed Bearish BAT patternBA is in take profit mode.. basically using the top of the move $213+ algos will retrace at minimum down to 61.8 fib.
Best entry short was $213 so manage trade carefully with stops.. You can use the 20sma on the Daily as a guide as price recently rejected perfectly showing short term sell bias..
There is some price imbalance below so there are alot of things to like here.
If you decide to short cover at 61.8 fib by rule. There could be further downside but that would be another setup.
Good luck!!!