Boeing may fall to 138.60 - 144.50

Our pivot point stands at 175.9.

Our preference

The downside prevails as long as 175.9 is resistance.

Alternative scenario

Above 175.9, look for 186.3 and 192.3.

Comment

The RSI is below its neutrality area at 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 181.898 and 181.466). Finally, Boeing has penetrated its lower daily Bollinger band (170.62).

Supports and resistances

192.3 **

186.3 *

175.9 **

171.7

167.03 (USD-last)

150.5

144.5 **

138.6 *

132.6 **

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