Short and long off the resistance and support.

18 mars 2019

TradingView
Open position at $400.56
Stop loss at $403
Take profit at $379.6

Why this play?
we just saw that the fault is due to Ba software, plus all the planes are still grounded all over the world, so take a look at the fees they are gonna have to pay.
there is no way they are walking out of this without a scratch. based on that, i would consider their profit for the last quarter to be erased and see them going back to the $300-$360 range that they were trading at in 2018.

25 mars 2019

Note

Will not be longing from this support.
If we were to long, somewhere around the 350s. but im scare. only short play now.
talked to a pilot a week or so back regarding the 737 situation.
He was telling me it was completely Ba's fault and there was no way they were getting out of it.
I wanted to believe him at that time but the market just kept pumping bs news. But it looks like it's finally time for this stock to get hammered!