Boeing may fall to 151.40 - 157.30

Our pivot point stands at 188.4.

Our preference

Under pressure below 188.4.

Alternative scenario

Above 188.4, look for 198.7 and 204.8.

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 182.37 and 177.6032).

Supports and resistances

204.8 **

198.7 *

188.4 **

184.3

177.27 (USD-last)

163.3

157.3 **

151.4 *

145.4 **

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