BA out of descending wedge with bounce on retest! BREAKOUT ALERT

2021年5月23日

The last two times BA has seen this defending wedge breakout since the covid drop it’s seen multi day runs. This could be the start of another leg up and possibly the 300 move. Will be looking to play the breakout not longer dated calls since it’s been so news driven. Will just buy and roll shorter calls as the opportunity presents itself. It has been so news driven I don’t want to play the longer calls and tie up capital. Will be looking at the MA for scales 50 MA is shown and just above current levels.