Boeing driven lower by pivotal resistance - Analysis - 27-04-2017

Boeing's stock (BA) fell in the intraday levels, registering a loss of 0.98% in the last session, or 1.80 points, as traders took profits of past gains in the intraday levels and short term trading, while the stock vents off the overbought saturation apparent in relative power indicators, lending it positive momentum that helped it rise again, in order to tackle the pivotal resistance of 184.22, amid the dominance of the main upward short-term trend along the trend line, with a noticeable rise in trading volumes. 

Therefore we expect the stock to return higher in the coming trading, provided it pierces the resistance of 184.22, targeting thereafter the resistance of 193.15.