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

2019-06-12 13:24:01 GMT (Economies.com)
 

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 

 
 
 
  Symbol Last Change Chg.%
1.1100
0.0202
1.8540%
1.2351
0.0165
1.3577%
Tadawul
7050.66
0.49
0.01%
17.867
0.756
4.418%
35.258
1.828
5.468%
35.33
0.04
0.11%
1732.640
4.780
0.277%
 
 
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