Longsetup for BA - The Boeing Company

15 Feb 2023

BA

We realized some unusual call volume in the last days for the stock of BA. Also the chart looks really good for a breadout above 220 $.

Executives for Air India unveiled the single-largest airplane purchase ever on Tuesday (Feb 14), purchasing close to 500 planes from Boeing and Airbus. Although the price was not made public, industry experts estimate the cost at about $85 billion.

Under Tata Group’s ownership , Air India will look to challenge domestic giant IndiGo and regain its place as the country’s largest airline. Specifically, the airline will buy 220 planes from US-based Boeing and 250 from Airbus that will be assembled in Europe. (source: yahoo finance)

We bought the stock at 15.57 $

Buy Market: 218.45 $
Sell Stop Loss: 199.50
Sell Profit Target: 245.00

When the stock reaches 230.00 $ you can also move the stoploss to your entry price as a breakeven stop.