$BA Is Boeing Breaking Out? for NYSE:BA by jaxdog

On my watch list for Monday. Looking to go long here with well defined support. If it violates support idea is void. Ideas, not investing / trading advice.

Comment:

News:
Boeing to Debut 777X, Spotlight Defense and Global Services and Highlight Sustainability, Technology and Partnerships at 2021 Dubai Airshow
- Boeing ecoDemonstrator 737-9, Etihad Airways 787-10 Dreamliner and flydubai 737 MAX 9 on display at global aerospace event
- Boeing defense platforms include KC-46A Pegasus, P-8 Poseidon and MV-22 Osprey

Comment:

Additional News:
Boeing Uncrewed Teaming Aircraft Advances Flight Testing

Link for airshow on above news:

Trade active:

1/4 position started. Entry price $224.76, entry time 11:13 AM Eastern my stop will be a close below the 20 EMA. I'll look to add on either a pullback that does not violate my stop or a close over the 200 DMA

Comment:

Added small to this position to bring up to a 1/3 size @ 229.73. I'll be looking to build this position out over the coming days / weeks depending on how it performs. I'm hoping to be able to build into a longer term trade. Months not days or weeks. All TBD.

Trade closed manually:

I did not like the big reversal candle today so I closed the position for a super small gain. $BA will remain on my watch list for a new set-up.

Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I may or may not take any trade published and I am under no obligation to post any action or update to any idea.

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