Bullish potential detected for RTX

Aug 2

Entry conditions:
(i) retracement back to potential support area of $210.18 (4hr support level of 5th March) or $215.00 (4hr support level of 3rd March) for RTX, and
(ii) observation of market reaction at these potential support areas noted above.

Depending on risk tolerance, the stop loss for the trade would be:
(i) below the rising 50 day MA (currently $206.71), or
(ii) below the rising quarterly VWAP (i.e.: $204.06), or
(iii) below the 4 hour support level from 9th April (i.e.: $203.69).

Aug 9

Order cancelled

UPDATE (week ending 07-Aug): Potential trade abandoned since price action continued northbound without any retracement back to meet entry conditions - not interested in chasing potential trade - let's look for another and wish this trade all of the best.