Boeing breaches main upward trend line - Analysis - 13-08-2018

Boeing's stock slid 1.25% in the last session, or 4.31 points, breaching the main upward medium-term trend line as shown in the attached chart, with negative pressure from the 50-day SMA, doubling thereafter the negative pressure on the stock. 

Therefore we expect more losses to come, as long as the stock settles below the resistance of 347.67, targeting the support of 319.25.