$BA - 3 wave moves PT 243 - then 260+

To me it appears BA continues to put in a series of 3 wave moves and soon it will break out of the symmetric triangle and rally to over 240 again. From there I expect a pullback to retest the uptrend line and last pivot low AVWAP, before rallying to back above 260. The apex is 10/22 for this, although I expect the breakout to happen this week. Option call volume was flowing late in the week and buyers really started to step in to gobble this stock up. The upgrade later in the week and the positive news failed to get BA above the downtrend line, but the sell off provided buyers an extra opportunity to get this stock at the cheaper level before it makes the move up. As expected the selloff was bought up very quickly.

Watch for the TL break on this one if not already in, once that is taken 240 should come quickly.