AwesomeAvani

BA- Buy the recovery? or take partial profits? LONG

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AwesomeAvani 已更新   
BATS:BA   Boeing Company (The)
Boeing had a near disastrous start to 2024 with a Malaysian part falling off a MAX jet at 36,000.

Incidentally, going viral is that an iPhone survived the plunge fully functional. 20% got

shaved off the market cap. I bought the low with calls at $215 expiring March 15'24. They did

80% for the week and 16% today. News catalysts are that an East Indian airline company placed

a contract for the purchase of 100 jets of uncertain model. Delta Airlines also did not pull their

existing contract. These catalysts have allowed price to recover about 1/3 of the plunge. The

15-minute chart demonstrates the super trend reversal better than the 60 minute which is

shown here on the idea. The relative volume indicator is about 3 X the running mean showing

trader interest uptick. BA could short squeeze where short sellers quickly buy to cover &

capture profit while the synergistic rise is compounded by near buyers coming in to get ahead

of the chasing? The caution is that the POC line on the intermediate

term volume profile is $ 210 and so getting contracts extended above that has increased

risk based on price distance from the POC. The uptrend instead of a true recovery could be

simply a correction in the overall downtrend. I will take some of the week's profit off

the table and keep a close watch on the price action.
交易進行:
交易結束:目標達成:
BA had great earnings. The position taken from the idea developed into awesome profits.
交易進行:
BA on a zoomed in view looks to be reverse upside. there have been three episodes
or bulish divergence on the RSI in the past week including presently.

My chart suggests a new leg up !
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