Boeing seeks a bottom to boost it - Analysis - 22-10-2018

Boeing's stock traded alongside the main upward trend line in the medium and short terms, while seeking a bottom to bounce it higher anew, recording a loss of 0.86%, or 3.09 points, while a positive divergence formed in the Stochastic indicator as shown below the attached chart. 

Therefore we expect the stock to return higher, targeting the resistance of 374.48, provided the support of 352.37 holds on. 

Expected trend for today: Likely Bullish