BA TRADE LOGIC

2022년 4월 27일

Took a BA $150 P position before the market closed today and making a note of why I ultimately made the trade.

1. Earnings catalyst (obviously).
2. Been trading with a downward channel but broke the channel even more to the downside.
3. After breaking the downtrend BA entered a gap made back in November 2020 from $172ish to $158/9ish (blue lines).
4. If I read my research correctly BA hasn't turned a profit on earning in like 3 or 4 quarters and will probably miss again. With the market acting the way it is I think it will sell off after earning regardless of good or bad news.

My price targets are the green lines.
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Not financial advice.

2022년 5월 1일

노트

This played out beautifully if I do say so myself.

I made decent money on this trade but didn't take 600% percent gains when i had the chance :/.. It's something I'm working on