I have been waiting for some of the most unloved parts of the market to pick up and that includes RTX and Aerospace. A decent reversal might be setting up if todays price action is any indication of what could come in the future. Stock is still well below highs in June and I think the outlook is better now then it was then. If we can hold this support zone and...
LMT's jet is specifically mentioned in the bill which should result in a large sum sale to boost their profits. This is a good long term hold as well as a good trade short-term for the recently passed defense bill via congress overturning Trump's veto. RTX, which is Raytheon and united technologies combined in a merger, both organizations have had longstanding...
NYSE:RTX Possible Scenario: LONG Evidence: Price action TP1~ 75 This is my idea and could be wrong 100%.
NOT A FINANCIAL ADVISOR NOR IS THIS FINANCIAL ADVICE. DO YOUR OWN RESEARCH BEFORE BUYING AND SELLING. TRADE AT YOUR OWN RISK. MILITARY INDUSTRY IS STEADY CONTRACTS -- EVEN DURING A PANDEMIC SOLID TREND UPWARDS TOWARD ATH'S TRADING AT A MASSIVE DISCOUNT -- 100%+ GAP BETWEEN ATH AND MARCH LOW SL AT 56-52 T1 67 T2 75 T3 84
RXT is consolidating on the daily. Nice wedge which broke, now I would wait for confirmation for the setup to be valid. Trade with care!
Quiet some resistance at $64 but indicators might push it through just watch this gap.. retest gap! my strategy almost got kicked me out after adjusting my target and stop loss. Close one! lets case that target lol So.. remember Im not an financial advider bla bla
This week. look into this one for break of resitance to $14 $BA $RTX AMEX:DFEN
We had a breakdown from our previous analysis. However, once we stay above our yellow trend line support we maintain a bullish bias. $BA is still a BUY in my opinion GL traders!
RTX has broken its red trend line support after earnings. I continue to think RTX is undervalued. We have a level of support at $57.35. Watch for a retest of $63.30.
Playing for a sector rotation from big tech into value. The Aerospace sector has been beaten down and I think there is some short-term opportunity here as drug makers enter phase 3 trials at lightning speed. Not to mention defense spending could continue higher.
I like this over 61...
I seen the executive president of DDTG global global global grab some RTX so I checked the chart. Thought I spotted a bullish cypher, and measurements line up. I think Davey is a little early on the long. My play will be a scalp short of the break of (B) for a position reverse at the multi level confluence (D) point (entry long). Typically the take profit long...
Here at YouCanTrade, we have been keeping watchful eye on defensive stock Raytheon NYSE:RTX , which has been trading below its 8 day EMA over the past 2 weeks of trading. The last two days of positive market activity has helped Raytheon pullback to its 21-day moving average, which could be a signal for taking a position in the direction of the downward trend....
Here goes the breakdown! It was a little obvious with breaking down the support line with a retest.
Long or short within the red and green boxes!
My custom-coded candlstick alerts are pointing to a bullish few weeks for RTX! I'm in. Daily candlestick alert was about 4 trading days ago.