Boeing may rise to 202.20 - 207.10

Our pivot point stands at 172.9.

Our preference

The upside prevails as long as 172.9 is support.

Alternative scenario

The downside breakout of 172.9 would call for 165 and 160.4.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 181.4455 and 181.4084).

Supports and resistances

212 **

207.1 *

202.2 **

197.2

186.05 (USD-last)

176.2

172.9 **

165 *

160.4 **

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