BA - Look to LONG!
DOW had a nasty pullback today as Boeing drags it down. BA had bad news regrading FAA approval and delays with the 777x.
BA formed a cup and handle as well as an inverse head and shoulder with a breakout at the 256.67 level. I like how BA bounced on that 50day SMA and used it as a support. I'm looking to long BA 3 to 4 weeks contract for a possible gap fill to 248 and possible test of the breakout level.
Contract Suggestion:
BA 7/16 255C @ 2.15 (12.7k OI with 6.4 volume today)
BA 7/16 260C @ 1.55 (11.7k OI with 3.6k volume today)
BA formed a cup and handle as well as an inverse head and shoulder with a breakout at the 256.67 level. I like how BA bounced on that 50day SMA and used it as a support. I'm looking to long BA 3 to 4 weeks contract for a possible gap fill to 248 and possible test of the breakout level.
Contract Suggestion:
BA 7/16 255C @ 2.15 (12.7k OI with 6.4 volume today)
BA 7/16 260C @ 1.55 (11.7k OI with 3.6k volume today)
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-Ross Trades
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Twitter: twitter.com/Ross_Trades
-Ross Trades
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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.
Please drop a like & follow so you don't miss any analysis that I post! Greatly appreciate it! Thanks!
Come join our community!
Twitter: twitter.com/Ross_Trades
-Ross Trades
Come join our community!
Twitter: twitter.com/Ross_Trades
-Ross Trades
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.