Boeing rises cautiously - Analysis - 08-11-2019

2019-11-08 14:03:26 GMT (Economies.com)
 

Boeing's stock rose while settling below the resistance of 369.45, representing the ratio 50% of Fibonacci retracement levels for an ascending wave, amid negative pressure from the 50-day SMA while the RSI reached overbought levels. 

 

Therefore we expect the stock to return lower, targeting the pivotal support of 328.64, representing the ratio 76.4%. 

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.1053
0.0029
0.2594%
1.2900
0.0099
0.7765%
Tadawul
7924.19
-8.33
0.10%
16.954
0.151
0.902%
57.807
0.448
0.781%
63.41
1.11
1.78%
1467.045
8.765
0.601%
 
 
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