BA - Breakout Imminent Repeat formations in the stock are indicating a breakout is coming. News has been positive with 737’s being re-commissioned in December and tickets being purchased as early as the end of this month. Three targets after 170-175 breaks: 1st is 190, 2nd is 227, and 3rd is 249. Tagging the third target would also mean we close another gap from the covid-19 market collapse. Currently awaiting potential bailout news as the government is considering another stimulus. In my opinion, that would be the catalyst to get this moving through the weekly red cloud that’s looming above. Good luck if you play!! I’m long in options 3 weeks out.
BA
Oh BOEING, you dirty little son of...Boeing is loving this channel, given enough downward momentum we should see the lower target sooner than later. Obviously, I see a possible short happening soon, although I hate to chart Boeing because you never know when Big Brother will come in and hand them money. I have a target of $136- $144. This is not trading advice.
Will Boeing finally launch from this channel?Boeing has been difficult stock to trade... but the more a market consolidates, the more it blows up when it does.
We may consolidate a bit further in the purple box, but I am looking for a breakout out of this channel this month or early November the latest.
FYI: I have been wrong on timing BA twice in a row. I DO NOT want to see it close below my purple box.