Boeing: ⬆️ Buy
– Boeing reversed from support level 183.00
– Likely to rise to resistance level 192.50
Boeing recently reversed up from the support zone between the support level 183.00 (lower border of the sideways price range from the end of September, which also stopped wave (1) at the end of March) and the lower daily Bollinger Band.
The upward reversal from this support zone completed the short-term impulse wave (iii) and started the active correction (iv).
Given the strength of the support level 183.00 and the bullish divergence on the daily RSI indicator, Boeing can be expected to rise further toward the next resistance level 192.50 – upper border of the active sideways price range, which stopped wave (ii) earlier this month.