BA - low risk, high reward calls - 7/17, 240 strike - exit if BA

Jun 18, 2020

This 30 min chart shows stochastic %K making a sharp 3-candle move up (from under 20 to over 80). This is a leading indicator for me, to be on the lookout for more upside (often after a pullback).
The white rectangle shows the corresponding candles that created the stochastic move.
On daily chart, 10sma is coming out of cloud and MA's are sloping upward. If BA makes another run it is easily going past 220.
For now, I see a great reward to risk. If you have limited capital then buy one call. If you are uncomfortable, watch it to learn. Follow the 30-60 min RSI and see if it holds bull support and moves back over 50.

Jun 18, 2020

Trade active

Sorry my title cut short. My exits, for now, are stock below 189, then 187.

Jun 19, 2020

Note

30min chart - stochastic is bearish and stock has been unable to bounce up so far. Since weekly chart is very bearish, I will close half position on a 30m close below 192. Also to keep my full position into next week, I want to see 30m stochastic %K move up and get over RSI.

Jun 19, 2020

Trade closed manually

Sold calls, closed position. Loss about 25%. This market higher open and fail today is supporting technicals to downside. I see high red volume bars (first 30m) on many stocks.