BA has a bull flag penant and should be finishing its consolidation soon.
Taking the equal legs target of the bull flag gives 310.
1.618 of elliott wave fib extension is
Conservative target 283
Moderate target 310/314
IV is very low on BA right now. Barchart straddle/strangle screener is showing good probability.
Feb 26 2021 222.5C would be a 7-bagger at the conservative price target of 283
Taking the equal legs target of the bull flag gives 310.
1.618 of elliott wave fib extension is
Conservative target 283
Moderate target 310/314
IV is very low on BA right now. Barchart straddle/strangle screener is showing good probability.
Feb 26 2021 222.5C would be a 7-bagger at the conservative price target of 283
Note
Lol forgot to finish my sentence. 1.618 fib extension of elliott wave 1 is 283.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.