Boeing may rise to 205.90 - 211.20

Our pivot point is at 177.6.

Our preference

The upside prevails as long as 177.6 is support.

Alternative scenario

The downside breakout of 177.6 would call for 168.8 and 163.6.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 183.4445 and 181.9538).

Supports and resistances

216.7 **

211.2 *

205.9 **

200.4

186.89 (USD-last)

181.1

177.6 **

168.8 *

163.6 **

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