BOEING Co.: WEEKLY SCENARIO – 09 February 2022

BOEING Co. Technical Analysis: Weekly Chart

In the weekly charts, BOEING Co. is trading in a down channel.

It is trading above 20 and 100 days SMA & below 50 days SMA.

The immediate support is 204.51 & the resistance level is at 218.76.

BOEING Co. is trading in the down-channel until there is a trend reversal

BOEING Co. Technical Analysis: Daily Chart

In the daily charts, BOEING Co. is trading in a down channel.

It is trading above all SMA.

The immediate support is 208.58 & the resistance level is 216.58.

BOEING Co. is trading in the down-channel until there is a trend reversal.  

How to Trade BOEING Co. this Week:

BOEING Co. will follow the downtrend until their trend reversal. So, remain bearish on BOEING Co.

TRADE SUGGESTION- SELL AT 212.94, TAKE PROFIT AT 208.58 AND STOP LOSS AT 216.58