Boeing leans on SMA support - Analysis - 12-01-2021

Boeing's stock (BA) fell 1.48% in the last session while leaning on the support from the 50-day SMA as it seeks a bottom to bounce it higher anew, while trading alongside the upward medium-term trend line. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 234.58, provided it holds above 208.04. 

Expected trend for today: Bullish