To get a full understanding of what is happening,
see the month view:
(the blue trend line down was just an arrow from the monthly view)
However, for the options, target extensions 1.27 ($116 and 114), and 1.61 ($112 and 110).
This is a lot of symmetry. I'm definitely short this in the short term, but I wouldn't be surprised if this makes it to the first target zone (90 to 95) area.
BA settled their labor dispute this past Friday.
BA has been in consolidation and the Alley-gator has been
compressed, or as Bill Williams describes the sleeping alley-gator. I would buy with a buy stop 2 ticks above the
fractal marked; 138.90 My stop loss would be below the blue line or the gators jaw.
BA is in a strong sector under accumulation the past...
it looks BA rally is going to an end. Ease Of Movement (EMV) shows prices moved upward with low volumes and Money Flow Index (MFI) says BA is now overbought.
This is what the japanese call SAN-KU, or in english three gaps. This is a bearish setup in an uptrend.
Along the san-ku, we also have an island reverseal pattern, which is a very powerful reverseal pattern.
Weekly chart looks really bearish.
All notes on the chart.
IMO the uptrend is over and it is time for a correction or a consolidation ( probably a...
Boeing 's Dreamliner continues to be a problem for Boieng. A Japanese airline reported wiring issue with the 787 yesterday.
So far this year , AIRBUS is ahead of Boeing in term of orders ( 892 vs 775).
Technically , the price broke it 's support this morning, so I'm short BA with a target around 96 - 97.
I bought OCT 13 97.5 PUTS.
Cheers
Algo
ChartChatConnect & TTM visual representation. This is when TradingView gets ultra exciting; when a member is looking for every advantage of other arenas but with the power of individuality that TradingView presents. I will keep this conversation going until the team takes over with development or the formatting for Carter's TTM. Sincerely, Beauty (inspired by a...
Like many of the Stocks which made their all time high in 2007 then declined into 2009 low in 5 waves making first leg down Wave "(A)" are since retracing Wave "(B)" up and due to general positive market condition could make deep retracement or even overshoot 2007 high in expanded Flat. Boeing is also from 2009 low has completed what I believe is Wave "A" high in...
