BA is in take profit mode.. basically using the top of the move $213+ algos will retrace at minimum down to 61.8 fib.
Best entry short was $213 so manage trade carefully with stops.. You can use the 20sma on the Daily as a guide as price recently rejected perfectly showing short term sell bias..
There is some price imbalance below so there are alot of things to...
Boeing's recovery is steady and the uptrend is not that aggressive as other stocks recovering since the first lockdown, but that's because of the specific industry that Boeing is in, hit hard by the COVID-19 pandemic.
We have a small correction inside the uptrend, but that may end soon, as we have formed a bullish flag. RSI has already provided a bullish signal....
... for a 1.94 credit.
Notes: Although I've previously shied away from single name in the IRA, I'm starting to target some options highly liquid single name here, since I've already got positions on in all of the exchange-traded funds that are currently productive from a premium-selling standpoint. 30-day implied is at 50.9% and expiry specific at 51.4%. ...
