BA TRADE LOGIC
Took a 
BA $150 P position before the market closed today and making a note of why I ultimately made the trade.
1. Earnings catalyst (obviously).
2. Been trading with a downward channel but broke the channel even more to the downside.
3. After breaking the downtrendBA entered a gap made back in November 2020 from 172ish to 158/9ish (blue lines).
4. If I read my research correctlyBA hasn't turned a profit on earning in like 3 or 4 quarters and will probably miss again. With the market acting the way it is I think it will sell off after earning regardless of good or bad news.
My price targets are the green lines.
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Not financial advice.
BA $150 P position before the market closed today and making a note of why I ultimately made the trade. 1. Earnings catalyst (obviously).
2. Been trading with a downward channel but broke the channel even more to the downside.
3. After breaking the downtrend
BA entered a gap made back in November 2020 from 172ish to 158/9ish (blue lines).4. If I read my research correctly
BA hasn't turned a profit on earning in like 3 or 4 quarters and will probably miss again. With the market acting the way it is I think it will sell off after earning regardless of good or bad news.My price targets are the green lines.
-
Not financial advice.
Note
This played out beautifully if I do say so myself. I made decent money on this trade but didn't take 600% percent gains when i had the chance :/.. It's something I'm working on
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.