Boeing may fall to 160.40 - 164.60

Our pivot point is at 188.4.

Our preference

The downside prevails as long as 188.4 is resistance.

Alternative scenario

The upside breakout of 188.4 would call for 195.7 and 200.1.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 182.3155 and 181.5772).

Supports and resistances

200.1 **

195.7 *

188.4 **

185.6

178.9 (USD-last)

168.7

164.6 **

160.4 *

156.1 **

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