Boeing may fall to 160.40 - 164.60

Our pivot point stands at 187.3.

Our preference

Under pressure below 187.3.

Alternative scenario

The upside breakout of 187.3 would call for 194.6 and 198.9.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day moving average (respectively at 182.1985 and 181.6062).

Supports and resistances

198.9 **

194.6 *

187.3 **

184.4

179.67 (USD-last)

168.9

164.6 **

160.4 *

156.1 **

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