The Bull case has been building , there is a notable swing in sentiment amongst some quite resolute bears, todays successful flight was a huge relief to long term bag holders, although details are limited. In my opinion $173 is a very significant level to break, where we have the sloping channel and overall Fibonacci .236 retracement resistance. The next level to watch is $187 - $192 where previous rallies have found a major roadblock. Lets hope for the industry we see the $200 level in the weeks to come. Will be on looking for large spike in volume to give the green flag.
Yes! Boeing options activity is looking very bullish. Time to hop on this train.
ramrom1
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Bang on analysis!
PolarHusk
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GoodPotential
karthick1984
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perfect analysis.. thanks a lot for all the charts.. esp BA when every one was negative
UrBullishGrace
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good chart. I’m bullish on BA as well
LetsBeMillionaire
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break the fk ing channel and hit 190 pls for me
dugand
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Thank you, I am one of the bag holders!
dread003111
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great call, thx
chanc93
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Just trying to understand the chart, is $173 the entry?
asigristch
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@chanc93,
"$173 is a very significant level to break", if it breaks 173 and holds that would be a perfect scenario entry point . You can set price alert / volume alert. Volume increase can be a significant indicator , also if you get advanced market data, you can track big orders pieling 8n a day or two bfr a major rally.