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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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
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.