Boeing surrounded with negative signals - Analysis - 15-08-2019

Boeing's stock fell in the short term amid the dominance of the downward trend in the medium term, with negative signals from the RSI, coupled with negative pressure from the 50-day SMA, while settling below the pivotal resistance of 330.97. 

Therefore we expect more losses for the stock as long as the resistance of 330.97 holds on, targeting the first support at 309.59. 

Expected trend for today: Bearish