Boeing may fall to 142.50 - 148.50

178 is our pivot point.

Our preference

The downside prevails as long as 178 is resistance.

Alternative scenario

The upside breakout of 178 would call for 188.5 and 194.6.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 178.4915 and 180.898).

Supports and resistances

194.6 **

188.5 *

178 **

173.9

167.91 (USD-last)

154.7

148.5 **

142.5 *

136.4 **

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