| I'm being cautious with momentum plays this month. All these AI stocks and tech names that have been ripping? I'm not chasing that stuff right now. I will only play those on very short time frames. But BA? This is an old economy, defensive, the kind of name that can work when everything else is getting chopped up. The thing with daily squeezes is you've got to be patient, but when you pair that with stacked EMAs and actual fundamental progress, that's telling me institutional money might be positioning for higher prices. They're ramping 737 production to 38 per month and looking to get FAA approval for 42. This isn't some random momentum play - there's actual substance behind the technical structure. Your Action Plan I'm keeping an eye on that $220 area as support. If BA holds above there and starts showing me some shorter timeframe squeezes, I'll probably take a position. Nothing crazy, just something to put some money to work while I'm staying away from the extended tech stuff. What I like about this is it's working off that earnings gap in a methodical way. The fundamentals actually support what I'm seeing technically - they beat delivery expectations, got some trade tailwinds with those tariff agreements, and management sounds more confident than they have in a while. If this thing gets going, it probably wants to fill that gap toward $240. But I'm not trying to be a hero about it. Let me get my entry first, then we'll see what it wants to do. You know what I mean? I'd rather wait for the right setup and maybe watch it go without me than scramble into something just because it's moving. That's been my downfall too many times before. Anyway, BA's on watch. Let's see if it wants to give me what I'm looking for. And while it is a slow week for earnings, I will continue to also focus on my aftershocks strategy. It worked beautifully in RDDT just a few days ago. So there's no reason to abandon it now. If you'd like to learn more about how it works, click here to get started. |
Post a Comment
Post a Comment