Is BA accumulating for an another leg higher ? LONG

AwesomeAvani Updated   
BATS:BA   Boeing Company (The)
On this 120 minute chart of BA where price is a blue line I have superimposed a RSI from the 4H

time frame. Each is on its own scale RSI is 0-100 while BA is the actual price level. This set

up detects divergences to forecast near-future price action. One the chart text box comments

serve to explain this a bit more. Basically if price is flat and RSI is rising divergence is there.

Likewise if RSI is falling and price is sideways there is bearish divergence. It follows that when

the RSI line is above price and price is rising, if the slope of RSI exceeds the slope of price,

that is a bullish bias. If price is falling and is above the RSI which is falling faster that is

a bearish bias. At this time, I believe that institutions are making small ( for them )

incremental buys trying not to move price until they get their quota. Price is currently

below the mean VWAP anchored into the distant past. Most buying and volatity will occur

at that price. I want to get in early. I will buy call options above current price near to

the VWAP so striking $210. So far BA has been very good to me actually a cash cow because

of the strategy used. I have two contracts at $220 for July. If things go well with this

trade, I will use the profits to buy a contract for expiration in September and spread the

risk over more time as a risk-off strategy. A stock share long trade is good from here for an

investor but the price ranging is not enough for your average trader. Fundamentally BA has

had plenty of good news and bad news. I focus on the good news. The new contracts to buy

coming out of India and Thailand point to future earnings stability something that suggests

the time to trade is now.

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