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.

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