Boeing may fall to 146.80 - 153.00

Our pivot point is at 183.1.

Our preference

The downside prevails as long as 183.1 is resistance.

Alternative scenario

The upside breakout of 183.1 would call for 193.5 and 199.8.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 179.0895 and 178.3104).

Supports and resistances

199.8 **

193.5 *

183.1 **

178.9

172.75 (USD-last)

159.2

153 **

146.8 *

140.7 **

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