BA
TSLAI WOULD GO SHORT UNDER 405 OR GO LONG OVER 420.
TRADE IDEA: UNDER 405: 385P BID/ASK: 4.65/4.95
TRADE IDEA: OVER 420: 450C BID/ASK: 5.80/5.90
$BA 10/5-10/9$BA 10/5-10/9 Short
- BA in upper side of larger downtrend channel originating back to June of this year (2020).
- Will be following new downtrend beginning on Oct one from 172 (Should be white line starting at those highs).
- Surrounding variables relating to COVID and also election tied in. I see downtrend continuing and possible overreaction in coming week. I expect a red week coming for the entire market. (BE ADVISED I HAVE VERY BEARISH OUTLOOK ON MARKETS WHERE THEY ARE REGARDLESS)
Entry: Really anywhere between 167-173 (165 if you're reaching, but obviously more risk is involved and I would maintain a tight leash on this if you enter around 165)
Price Targets:
162.5 - Really would like to see 165 levels broken down to 163-162.5, that was tested 10/1 but had strong support.
160.6/200D - 160 Support level dates back to 2015-2017 times
156 - Pretty heavy Q2 Resistance
150 - Late 2015 Resistance
145 - If it were to hit 145 levels I would exit my position entirely due to bottom channel inching closer. I would then plan Re entry for possible climb back to top channel.
Risk/Loss Leash: -1.5% OR TOP CHANNEL BREAKOUT
Trade at your own risk, I did not hit your buy/sell button
AAPLAS LONG AS AAPL CAN STAY OVER 116 IT CAN MAKE A MOVE HIGHER TOAWRDS 119, 124.
TRADE IDEA: 117.25C BID/ASK: .60/.63 10/2
BA - Short to fiil the Gap $160, then Long to $190 in OctoberI predict NYSE:BA could drop to fill or at least back test the gap up $160 last week. Then sideway up to $190 in October.
Disclaimer
Boeing path and directionHello everyone
Boeing started a uptrend channel in march
Boeing broke this uptrend channel in SEP
price is going to retest the broken uptrend
watch for price reversal or back into the channel for resume of uptrend
watch key notes on chart for more detail
for any question feel free to ask :)
AMZNI WOULD GO LONG OVER 3100 INTO 3130. OVER 3130 CAN SEE 3150, 3200. IF AMZN FAILS AT 3100 IT CAN DROP BACK DOWN TO 3000.
TRADE IDEA: 3200C 10/3 BID/ASK: 27.00/27.95
PTONI WOULD GO LONG OVER 100. IF PTON FAILS AT 100 AGAIN, IT CAN DROP BACK DOWN TO 92, 88.
TRADE IDEA: 105C 10/2
BA Gap Fill?BA has now retraced to the 0.618 Fib Level and has a gap to fill at 253.70$. Even though I don't like the stock, fundamentals don't seem to matter right now and it presents a nice R:R trade with this daily candle. The 1/15/21 250 Calls options trade for only 3$..!! As always trade this at your own risk, cheers !!
