Hi traders, Let's have a look at some stocks. As boys, when growing up, it is a norm for us to play make believe war games. So this stock came into mind. Guess what : Harmonic Patterns just appears before me like magic. - A bullish Bat (in orange) that completed in Nov 2016 - Now a Bearish Butterfly (in green) completing soon Raytheon is a major US defense...
Raytheon stocks after 2009 went sky high. Time has come to short them soon!!!!!
Raytheon is in oversold territory with a nice pin bar on the daily chart. High volume on the rejection from 120 (strong psychological number and previous resistance) After hours dipped to 118.5 but has since move back up to 120.48 in pre-market. Entry order above yesterdays high. Target 128.