BA
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 !!
BOEING engine downcrappy situation for BOEING, if AIRBUS is crashing hard, Boeing will not laugh. I'm opening a short to 142$ after market opening today and after a possible small bounce up.
Watchout when RSI or MFI will touch 20 since it can trigger a buy the dip. Possible regression to the mean with a rally to 160 before going down (highly unlikely).
PT1:141$
PT2:120$ for October if Market in bear mode
Stop if SP500 rallies or big news coming.
Boeing Range boundStruggling to pick a direction many airlines stocks have been stuck in a range bound pattern which is also seen here in Boeing (BA). Currently back towards the center of the range there is an equal opportunity for both sides to see some price action. Although As volume starts to dwindle and less activity is seen for new orders of aircraft, the outlook is unclear for whats to come next.
Playing uncertainty in your favor can be of benefit when shorting options spreads.
BOEING PREPARING TO DUMP? OCT TABOEING is down over 50% from it's highs back at the start of the year. Will BA have enough strength to hold through or will it lead the market down another hole...
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The stock currently sits above what has proven to be strong support @ $153 but before we play this one we need confirmation.
Watching the orange trend line as support/resistance, it holds strong on the weekly timeframe.
Possible long on a break and hold of resistance @ $190.
Upside targets: $234
Possible Short Entry pn break and hold below $153
Caution needed with this stock as it continues its push up. Seems like it's due for a correction in a few months.
DotcomJack | Michael Jordan of Stonks
Wyckoff Accumulation BACame across this concept recently and though I'd give it a try myself. BA has been good if you knew when to sell but a hell of a hold on stock and options October and further out as of late. Chart is from Early June to current date. I would prefer the Spring to happen earlier, however, given market sentiments this concept seems to be on point for how BA will play out up to earnings. I approached this as honestly as possible, but will try and take a smaller date sample and compare.
TSLATSLA TESTED THE 405 LEVEL 3 TIMES TODAY, AND FINALLY BROKE UNDER GOING INTO CLOSE. TSLA IS CURRENTLY DOWN 26 AH. THE 405 BREAK WAS PRIME ENTRY FOR PUTS. IF TSLA STAYS UNDER 385 IT CAN SEE 368, 359 NEXT. TSLA IS DOWN 24% FROM THE HIGHS THIS WEEK. SO IF YOU'RE NOT ALREADY SHORT I WOULD BE CAREFUL.