Boeing surrounded with positive pressures - Analysis - 17-08-2022

Boeing's stock (BA) rose in the intraday levels, while buoyed by piercing the main downward trend line recently in the short term, with support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels, affirming positive divergence, with the stock rising 0.94% in the last session, or 1.61 points, settling at 172.08. 

Therefore we expect more gains for the stock, targeting the resistance of 188.00, provided the support of 161.25 holds on.

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 Expected trend for today: Bullish