Boeing Wave Analysis – 21 December, 2021

• Boeing reversed from support level 186.70

• Likely to rise to resistance level 210.00

Boeing recently reversed up sharply from the key support level 186.70 (low of the previous impulse wave (i)), strengthened by the lower daily Bollinger Band.

The support zone near the support level 186.70 was strengthened by the support trendline of the wide down channel from March.

Given the clear bullish divergence on the daily Stochastic – Boeing can be expected to rise toward the next resistance level 210.00 (top of the previous correction (ii)).