Bullish sign on BA after months of downside
מעודכן
My first published potential play so please provide any feedback, advice or insight that may help. I've been trading on and off for about 5 years and I feel like I'm still just scratching the surface... But anyway, lets dive in!!
- Currently Looking to make a play on BA. Noticed BA is forming a Double Bottom pattern on the monthly and weekly chart. I'll keep this short and sweet; these are the key points as to why this trade looks strong:
- BA starting to form higher highs and higher lows on Daily from the point of origin (Fri Nov 15th 2024)
- BA is sitting at a major discount from trading at levels of (440-320) for a good portion of two years from JAN 2018 to JAN of 2020 (for good reason) due to a slew of poor numbers, covid, employee strikes and major product deficiencies (A Buy the dip opportunity looms)
- double bottom chart pattern (W, M, D)
- bullish pin bar off 140 support on Monthly
- Key psychological resistance at 200 LVL and previous choppy channel from JAN23- July23, if we break that BA is going to moon to the neckline, if neck line breaks could see price go as high as $320 major resistance
- LTB $200-205 C EXP 21MAR25, 1-3 entries on Monday 02 DEC 24
-1st Target $200-220 channel from previous months, trim at 1st target, leave runner to the neckline
-re-enter long for neckline break to about 265ish- 320ish
- Good R:R , set a stop loss at around the 137 level, if you have the capital I would buy a one year out if not more. this is a LONG term play but will be looking to secure profits along the way
- Currently Looking to make a play on BA. Noticed BA is forming a Double Bottom pattern on the monthly and weekly chart. I'll keep this short and sweet; these are the key points as to why this trade looks strong:
- BA starting to form higher highs and higher lows on Daily from the point of origin (Fri Nov 15th 2024)
- BA is sitting at a major discount from trading at levels of (440-320) for a good portion of two years from JAN 2018 to JAN of 2020 (for good reason) due to a slew of poor numbers, covid, employee strikes and major product deficiencies (A Buy the dip opportunity looms)
- double bottom chart pattern (W, M, D)
- bullish pin bar off 140 support on Monthly
- Key psychological resistance at 200 LVL and previous choppy channel from JAN23- July23, if we break that BA is going to moon to the neckline, if neck line breaks could see price go as high as $320 major resistance
- LTB $200-205 C EXP 21MAR25, 1-3 entries on Monday 02 DEC 24
-1st Target $200-220 channel from previous months, trim at 1st target, leave runner to the neckline
-re-enter long for neckline break to about 265ish- 320ish
- Good R:R , set a stop loss at around the 137 level, if you have the capital I would buy a one year out if not more. this is a LONG term play but will be looking to secure profits along the way
הערה
Currently smacking off 160 Resistance, tested 3-4 times in the last 2 days or so. Well see if we can push past it on Fridays session if not early next week, I expect a break of $160 with rising volume and a session close above $160 with a retest in the following sessions. But its BA so BA is doing BA things lolעסקה פעילה
BA looking strong today, making a push to the $160 resistance level. was not expecting this big of a move in one day to potentially retest. We shall see!הערה
looking to close above $160 today or sometime this weekהערה
BA Looking strong this AM, lets see if we can hold this move and close above $160 for today!!הערה
Were rippin today boys!! $$$הערה
up about 70% since entering on 02DEC24הערה
Went up about 140% on Monday, so i decided to trim one of my contracts. I have one left, gonna let that run until we hit our target of 200. From there given context I will get back in for the neckline break. This trade is hitting even sooner than i thought. Dont leave profits on the table boys.הערה
QUESTION.... Does anyone think a 200 point move to $380 per share is WAY too ambitious by DEC 25?
העסקה בוטלה באופן ידני
i manually stopped out because i was witnessing all my green to go red. Im fully out but will be looking to re-enter on the neckline break 
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