Short planes

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Updated: 13 February 2020

$BA – Short planes

$BA (Boeing Co)  is a great vehicle to play the short side as this stock has a very good momentum. In the chart you have 6 reasons that 350-355 area is a big resistance so please take it with care. Consider short triggers in the mentioned price range and don’t risk more than expected. Although it seems like a great setup with a lot of conditions, this is not a cause to go all in. Id first wait for the price to start reacting and trapping some buyers, then shoot once the bulls are trapped.

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Remember: These are not trade recommendation to buy or sell securities. Always do your own due diligence and trade at your own risk.

Never chase a trade once it is too extended from the entry zone.

Never risk more than 1% of equity per trade.

Happy Trading!