Boeing may fall to 159.50 - 164.50

Our pivot point stands at 194.1.

Our preference

Under pressure below 194.1.

Alternative scenario

The upside breakout of 194.1 would call for 203.1 and 208.3.

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 stock is trading under both its 20 and 50 day moving average (respectively at 182.933 and 181.713).

Supports and resistances

208.3 **

203.1 *

194.1 **

190.6

180.07 (USD-last)

169.7

164.5 **

159.5 *

154.2 **

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