Watch These Boeing Price Levels as Stock Faces US-China Trade War Turbulence
Key Takeaways
- Boeing shares remained in focus Wednesday as investors digested reports that China told its airlines not to take more deliveries of the company’s jets amid an intensifying trade war between Washington and Beijing.
- The stock temporarily dropped below the prominent November swing low last week before promptly rebounding above that level to potentially form a double bottom.
- Investors should watch important support levels on Boeing’s chart around $146 and $137, while also monitoring crucial resistance levels near $166 and $187.
- The measured move technique forecasts an upside price target in the stock of $237.
Boeing (BA) shares remained in focus Wednesday as investors digested yesterday’s reports that China told its airlines…
