Boeing may fall to 142.80 - 148.90

Our pivot point stands at 183.9.

Our preference

The downside prevails as long as 183.9 is resistance.

Alternative scenario

The upside breakout of 183.9 would call for 194.8 and 201.1.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 182.8385 and 181.851). Finally, Boeing has penetrated its lower daily Bollinger band (173.88).

Supports and resistances

201.1 **

194.8 *

183.9 **

179.7

169.95 (USD-last)

155

148.9 **

142.8 *

136.6 **

Number of asterisks represents the strength of support and resistance levels.