Boeing leans on current support - Analysis - 07-12-2018

Economies.com
2018-12-07 12:51PM UTC

Boeing's stock slumped 3.09% in the last session, or 10.60 points, thus leaning on the support of 329.77, amid the dominance of the downward correctional wave in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more losses for the stock, especially if the support of 329.77 was breached, targeting the next one at 311.17. 

 

Expected trend for today:  Bearish          

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