Boeing ST : the upside prevails as long as 214.60 is support

Our pivot point is at 214.60.

Our preference: the upside prevails as long as 214.60 is support

Alternative scenario: below 214.60, expect 202.73 and 195.66.

Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 208.59 and 203.97).

Supports and resistances:

264.55 **

257.34 *

250.13 **

242.92

226.09 USD - last

219.26

214.60 **