Due to recent news of Boeing 737 Max, we could potentially expect further downtrend. Boeing has been under lot of criticism. We all know that Boeing is fairly strong company. However, I doubt Boeing will recover anytime soon due to the recent negative PR. The regression trendline explains 60% of variation associated with current trend and price. If we were to interpret in probability, considering two variables: trend and price, we could expect 60% chance of continuation of downtrend. One thing to note is that we would also consider the possibility of temporary rebound before further decline (RSI, Stoch and MFI are bottomed as of now). Since Jan. 30 gap was filled, Boeing could well break 362 support level.