Boeing returns lower - Analysis - 15-03-2019

Boeing's stock returned lower while settling below the resistance of 387.36, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave (from 292.47 to 446.01), with negative pressure from the 50-day SMA. 

Therefore we expect more losses for the stock, especially if the resistance of 369.24 was breached, targeting the next support at 351.12, which represents 61.8%.

Expected trend for today: Bearish