Boeing tries to shake off negative pressure - Analysis - 07-08-2020

Boeing's stock fell in the intraday levels while gathering momentum to help it rise anew and shake off negative pressure form the 50-day SMA, with support from the 50-day SMA, while trading alongside the upward short-term trend line. 

Therefore we expect the stock to rise and target the resistance of 194.64, provided it holds above 166.30. 

Expected trend for today: Bullish