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.%
1.1299
-0.0032
0.2793%
1.2620
0.0113
0.9039%
Tadawul
7416.67
22.41
0.30%
18.706
0.359
1.957%
40.585
0.350
0.870%
43.25
0.90
2.13%
1798.720
12.735
0.713%
 
 
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