EBITDAtiger

pennant on BA chart

Long
NYSE:BA   Boeing Company (The)
Bullish pennant on 4H chart with declining volume . Sellers might be running out of steam. BA also popped up with unusual call option activity coming from the institutional sector just based on the size of the trades/cost of options and surprisingly they were options that expire this week.

What do you think it's going to do? Pop off and make those options print or trade sideways as lockdowns take hold again in Europe with concerns that the US may follow? The chart looks bullish but the macro factors seem bearish in the short-term.

Comments

BA Plans to Resume 787 Dreamliner Deliveries! BA flying high!
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@ktaba, I was wondering why it was taking off! full steam ahead!
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I see BA making new 52 week highs very soon. It already broke a two year downward trend and the RSI is more palatable now. It will weather the bearish macro environment. It will ratchet up fast as it did the second week of March moving up 25% in a week! BA breaking out, don’t miss it!
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@ktaba, it's really tough to tell, but I think you're right. It would make sense that Dow component stocks like BA that have safe dividends will outperform through this chop. Plus Boeing is relatively isolated from those events; contracts they already have aren't going away. I'll try not to miss out! Cheers
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@EBITDAtiger good luck mate!
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@ktaba, Can I buy it today?
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EBITDAtiger strawserpbiggskc61
@strawserpbiggskc61, I would say so, it's nowhere near its all-time high and as @ktaba just pointed out they're resuming 787 Dreamliner deliveries so all systems are go
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Also 3 or 4 recent price upgrades by analysts this month!
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@ktaba, that'll put some fuel on the fire!
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