Boeing pares losses - Analysis - 01-12-2021

Boeing's stock (BA) fell 0.33% in the last session amid the dominance of the downward correctional trend in the medium term, with negative pressure from the 50-day SMA, and countered by positive signals from the RSI after reaching oversold levels.

Therefore we expect more losses for the stock, targeting the pivotal support of 191.85, provided it settles below 205.30.

Expected trend for today: Bearish