Boeing benefits from positive technical pattern - Analysis - 10-01-2021

Boeing's stock (BA) rallied 1.97% in the last session, settling at 215.50, with support from the 50-day SMA, while impacted by piercing the neckline of a positive technical pattern that formed in the short term, the Double Bottom pattern.

Therefore we expect more gains for the stock, targeting the resistance of 234.15, provided it holds above 212.65.

Expected trend for today: Bullish