Boeing rises alongside downward correctional line - Analysis - 27-12-2021

Economies.com
2021-12-27 11:34AM UTC

Boeing's stock (BA) rose 1.25% in the last session amid positive signals from the RSI, after reaching overbought levels, settling at 204.22, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the first support at 191.85, provided the resistance of 205.30 holds on.

 

Expected trend for today: Bearish

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