Boeing rises cautiously - Analysis - 08-11-2019

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