Boeing may rise to 167.40 - 172.90

Our pivot point is at 139.4.

Our preference

Short term rebound towards 167.4.

Alternative scenario

The downside breakout of 139.4 would call for 130.5 and 125.2.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 153.62 and 162.3244).

Supports and resistances

178.3 **

172.9 *

167.4 **

162

151.02 (USD-last)

142.8

139.4 **

130.5 *

125.2 **

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