Medium term view - BOEING CO : The support has been reached, it causes the bounce.
The trend has been momentarily interrupted by a correction. It approaches the support at $309.600, which also is the invalidation level. It should cause a bounce and resume the bullish trend. The next target is at $400.000. The invalidation level is below $309.600.Arguments :
- The support has been reached, it causes the bounce.
- Prices made a new all-time-high, this confirms the strength of the trend.
- The MACD is falling.
- The moving average is supporting prices.
The Boeing is an aerospace firm. The company's segments include: Commercial Airplanes, which develops, produces and markets commercial jet aircraft and provides fleet support services, mainly to the commercial airline industry; Defense, Space and Security, which engages in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility, vertical lift, and commercial derivative aircraft; Global Services, which provides supply chain and logistics management, pilot and maintenance training systems and services, and data analytics and digital services; and Boeing Capital, which manages overall financing exposure.
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