Trump: China to Buy 200 Boeing Aircraft, Order Could Reach 750 - Reuters

The news represents a positive catalyst for Boeing due to the potential for a large order. However, the stock has experienced a sharp decline of 6% in the last 24 hours, with the RSI entering oversold territory at 26. While technical indicators are weak, such news could trigger a short-term recovery move. Nevertheless, the upside may be limited due to the MACD and price structure below moving averages.

The news marks a positive step in US-China trade relations, which could create broad optimism for technology stocks. Although GOOGL shares rose 2.8% in the last 24 hours, the RSI remains neutral at 50, and the MACD continues to stay below the signal line. While there is potential for an upward move in the short term, momentum is weak, so any rally is expected to be limited. Trading just below the 20-day SMA (399.22), the stock may struggle to break through this resistance.