BA as predicted

BA was having difficulty crossing that 180 level and we were saying that it could be today the D day...well, it was! The market open with a gap up and took the stock to the fibo levels 1.618. I was expecting to reach the 190 levels and it almost did it.

Scenario Call
We need to start having in mind that the earnings are in two weeks so the market will start to have more volatility. if tomorrow there is a new gap up, i think the price could reach the 200 levels

Scenario Put
Based on the same earnings logic, if the buyers doesn't show up, the stock could loose the momentum and do a pull back to 175 or even 170.
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Sabiamos que BA estaba teniendo dificultad en atravezar la zona de 180s y que hoy podia ser el dia...bueno, hoy si era el dia!!. El mercado abrio con gap up, fuerza y llego a los niveles de fibo 1.618 llegando casi que al precio 190.

Escenario call
Tenemos que empezar a tener en cuenta que los earnings son en 2 semanas, por lo cual la volatilidad empezara a crecer. Si manana el mercado abre con un gap up, el precio podria llegal a niveles de 200

Escenario Put
Si por el contrario, el mercado no aguanta y aparecen los vendedores, la accion podria retroceder hasta precios de 175 o incluso 170
Trend Analysis

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