Boeing may rise to 198.80 - 203.60

Our pivot point is at 176.8.

Our preference

The upside prevails as long as 176.8 is support.

Alternative scenario

The downside breakout of 176.8 would call for 169.1 and 164.3.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 181.1835 and 180.6136).

Supports and resistances

208.2 **

203.6 *

198.8 **

194.1

183.73 (USD-last)

179.7

176.8 **

169.1 *

164.3 **

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