Boeing Company (The)
Long
Updated

Will Boeing finally launch from this channel?

669
Boeing has been difficult stock to trade... but the more a market consolidates, the more it blows up when it does.

We may consolidate a bit further in the purple box, but I am looking for a breakout out of this channel this month or early November the latest.

FYI: I have been wrong on timing BA twice in a row. I DO NOT want to see it close below my purple box.
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I am VERY long Boeing call options. October 16s
Note
With all the attention and attempts I gave this idea, I still managed to miss this trade. I was planning on getting long this week! But with the pre-market Covid news it'll run without me. Those that are involved, nice trade!

Breakout from channel:
snapshot
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I see continued upside in BA from here:
snapshot
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Horizontal now.. very pretty:
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Explosive move - I am watching closely for profit taking.
snapshot
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Getting back in a buy zone here. Monitoring today for an entry at 219 or lower (I want above 217). Looks like it may need several sessions to consolidate further inside this area. I'll be buying Jan 15 calls in small pieces. May be a day trade or short term swing. Will update my exit:
snapshot
Order cancelled
in light of the new Covid strain surfacing I will not be buying.

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