Boeing may rise to 198.10 - 202.60

174.7 is our pivot point.

Our preference

The upside prevails as long as 174.7 is support.

Alternative scenario

The downside breakout of 174.7 would call for 167.1 and 162.8.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 181.086 and 181.1114).

Supports and resistances

207.2 **

202.6 *

198.1 **

193.5

182.31 (USD-last)

177.6

174.7 **

167.1 *

162.8 **

Number of asterisks represents the strength of support and resistance levels.