Boeing shakes off negative pressure - Analysis - 02-06-2023

Boeing Company's stock (BA) rose in the intraday levels, managing to shake off negative pressure from the 50-day SMA, amid the dominance of the upward short-term correctional trend, with positive signals from the RSI despite reaching overbought levels, marking a fresh profit of 1.10% in the last session, or 2.26 points, and settling at 207.96. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 221.33, provided the support of 196.36 holds on.

Expected trend for today: Bullish