Boeing may fall to 148.60 - 154.80

Our pivot point stands at 186.9.

Our preference

Under pressure below 186.9.

Alternative scenario

The upside breakout of 186.9 would call for 197.6 and 204.

Comment

The RSI is below 50. The MACD is positive and below its signal line. 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 178.8345 and 178.642).

Supports and resistances

204 **

197.6 *

186.9 **

182.8

175.08 (USD-last)

160.9

154.8 **

148.6 *

142.3 **

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