Scrolling through the big option players and caught BA on an up trend. All signs point to a continuation. I'm getting long on this play on Monday 6/6/22. This has easy momentum to 155. It's below quarterly VWAP. The Volume Profile is weak at the current price. Going to look for price to clear 141 for entry and set 140.70 as my stop. This may come back and flag a bit before it continues up so I don't want to ride that wave. If I stop out no problem I'll wait for another entry.
Comment:
This never closed a candle above 141 so I dodged the chop today. Will watch again for a nice move above 141.
Order cancelled:
Don't like the way the market flipped here. Will look again once this ticker starts ranging again. Thanks for the views.