BA - Ready to pop on big news!

8 ก.ค. 2021

Boeing had really good news with chinese aviation officials have expressed willingness to conduct flight tests on Boeing Co's BA 737 MAX, potentially paving the way for the fastest-selling jet's return in China. This is the type of catalyst that BA needs to get out of this consolidation period!

-Almost closed above 6DAY SMA!
-50DAY SMA will be a small resistance (239.19)
-wolfe wave formed (1HR timeframe) today and
triggered with a target of 242.70

Contract Suggestion:

Short-term trade: BA 7/16 250C @ 1.15 - I opened this trade 15 minutes before close.
Long -term trade: BA 7/23 250C @ 2.30 - Looking to grab in the AM if we get some momentum going.