Stocks

Boeing may fall to 149.80 - 155.90

2024-06-19

Our pivot point stands at 186.

Our preference

Under pressure below 186.

Alternative scenario

Above 186, look for 196.3 and 202.6.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day moving average (respectively at 181.461 and 177.3768).

Supports and resistances

202.6 **

196.3 *

186 **

182.1

174.99 (USD-last)

161.8

155.9 **

149.8 *

143.9 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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