Boeing may fall to 162.60 - 166.90

Our pivot point stands at 193.4.

Our preference

Under pressure below 193.4.

Alternative scenario

The upside breakout of 193.4 would call for 200.9 and 205.4.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 182.03 and 181.547).

Supports and resistances

205.4 **

200.9 *

193.4 **

190.4

180.23 (USD-last)

171.2

166.9 **

162.6 *

158.3 **

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