Bullish scenario forecast for Boeing Airlines (BA) for August
BA
Triple green candles on daily chart potentially indicating reversal upward after finding support near 150$ support area . Looking for a potential swing trade bounce up to fill the gap near 245-250$ zone on daily timeframe . Utilizing 240-260$ Strike BA call options for 8/21, 8/28, or 9/4 exp might be a more aggressive path to trade this setup. if no new lows then 260 should be printed very soon, in our view. Our cycles analysis indicates a new buy cycle has begun. SL at 150, TP1 at 272