The price is in a correction and may grow.

On the daily chart, the fifth wave of the higher level (5) of А develops, within which the wave 1 of (5) formed, and a downward correction ends as the wave 2 of (5). Now, the wave c of 2 is ending. If the assumption is correct, the asset will grow to the area of 300.00–335.00. In this scenario, critical stop loss level is 149.25.

Shares of The Boeing Co., one of the largest manufacturers of aviation and space technology, are trading at 173.00.