Boeing turns gains into losses - Analysis - 19-11-2020

2020-11-19 11:52:28 GMT (Economies.com)
 

Boeing's stock (BA) hit a session-high at 222.06 before tumbling back and marking a loss of 3.21% on profit-taking, while gathering momentum and venting off overbought saturation in the RSI, amid the dominance of the upward medium-term trend, with support from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 234.58, provided the support of 181.62 holds on. 

 

Expected trend for today: Bullish 

 
 
 
  Symbol Last Change Chg.%
1.1925
0.0031
0.2640%
1.3327
-0.0056
0.4155%
Tadawul
8693.47
65.41
0.76%
23.186
-0.860
3.577%
45.285
2.460
5.744%
48.14
0.36
0.75%
1805.560
-60.950
3.265%
 
 
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