Boeing settles at negative zone anew - Analysis - 12-06-2019

Boeing's stock skidded below 350.94, representing the ratio 61.8% of Fibonacci retracement levels for an ascending wave in the short term (from 292.11 to 328.34), with negative signals from the RSI after reaching overbought levels, hinting at forming a negative divergence. 

Therefore we expect more losses for the stock, as long as it settles below 350.94, targeting the next support at 328.34. 

Expected trend for today: Bearish