BA - very bullish candle patterns - Jun 26 expiry 220 calls

Jun 15, 2020

First there was a complete candle body reversal, and now today might be a bullish engulfing. Both are in greeen square.
Also RSI 7-day dipped below 50 and is back over (in strong trends the 7-day will touch 50 and bounce while the 14-day will not)
Note - on my chart the stochastic %K is just over RSI, not sure why it is lower here.
I bought 220 strike 6/26 expiry calls for $5.95

Jun 15, 2020

Note

adding a note - the weekly 20sma is in a clear down trend, so that makes me weary of calls. I am taking profits quickly and only holding small positions overnight.

Jun 16, 2020

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Sold calls this morning for a nice gain.

Jun 17, 2020

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If stock opens higher today I may use weekly calls for a day trade. Use 5-15-30min chart, caution, and patience.

Jun 17, 2020

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Sorry I forgot to say that I think BA heads lower again, towards 20sma, and I bought one weekly 190 put contract yesterday.