Shares of The Boeing Co., one of the largest aviation and space technology manufacturers, are trading in a downtrend at 167.00.

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.