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

Economies.com
2020-11-19 11:52AM UTC

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 

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