Revisiting an old friend Boeing. The stock which introduced me to options.
The two previous bull flags leapt out on decreasing volume. After which the low on the flags to the next tops were 23 and 31 days respectively.
We are now in a third consecutive bull flag on declining volume. This *could* open up the possibility for some lucrative call options, despite increased IV in the last day, low $. Boeings Beta is the highest its been since March 2020 correction - signaling more volatility/decoupling.
Additional confirmation to watch - RSI breaking above 50 at flag breakout. The two previous breakouts were also met with RSI breaking above 50 (demonstrated in chart).
P.S. Earnings Wednesday Jan. 27th.
The two previous bull flags leapt out on decreasing volume. After which the low on the flags to the next tops were 23 and 31 days respectively.
We are now in a third consecutive bull flag on declining volume. This *could* open up the possibility for some lucrative call options, despite increased IV in the last day, low $. Boeings Beta is the highest its been since March 2020 correction - signaling more volatility/decoupling.
Additional confirmation to watch - RSI breaking above 50 at flag breakout. The two previous breakouts were also met with RSI breaking above 50 (demonstrated in chart).
P.S. Earnings Wednesday Jan. 27th.