Boeing returns higher - Analysis - 20-11-2023

Boeing Company's stock (BA) returned higher in the intraday levels, while trying to vent off overbought saturation with negative signals out of them, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA.

Therefore we expect more gains for the stock, targeting the first resistance of 223.90, provided it settles above 199.60. 

Expected trend for today: Bullish