Growth is possible.

On the daily chart, the fifth wave of the higher level (5) of А develops, within which the first wave of the lower level 1 of (5) formed. Now, a downward correction has ended as the second wave 2 of (5). If the assumption is correct, the asset will grow to the area of 266.00–300.00. In this scenario, critical stop loss level is 149.25.

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