Boeing may fall to 152.70 - 158.70

Our pivot point is at 199.8.

Our preference

As long as 199.8 is resistance look for 158.7.

Alternative scenario

The upside breakout of 199.8 would call for 210.7 and 217.2.

Comment

The RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 183.5825 and 182.1476).

Supports and resistances

217.2 **

210.7 *

199.8 **

195.4

178.31 (USD-last)

164.7

158.7 **

152.7 *

146.7 **

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