RTX FlagRTX has had a run up and then been in a consolidation pattern forming a flagging formation. Buying at the bottom of the flag pattern and looking for a breakout.
Trade ideas
RTX breakout RTX is primed for a breakout, it has the same pattern that BA has had, this would be a good long.
2020 Actual Trade: RTX +17% Profits
RTX went up and down in sudden turns from March to July
Only stabilized period is between August and mid- September
Looking like a breakout on 09/16 where we got into RTX
But, it turned out to be wrong entry point so it suffered under-water period for about 1.5 months
Holding through this tough time knowing its volatile nature paid off a reward +17% profits in November
RTX Gap Fill ReversalRTX had a gap in its past price action, it has recently filled the gap after it reported earnings. Now it has reversed after the gap fill. This is a gap fill reversal and am looking for it to reverse back to where the original gap formed at the $55.5 level.
RTX prepare to LongTrendline Break by Gap
Wait re-test trendline
Entry 60
Stop: 56
Target: 80;
Earning date 10/27/2020 6 AM
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
RTX Round upRTX is forming a rounding up formation, looking like its going back to the 63.5 range. Its moving averages are holding up as support.
RTXi think this is good to buy here, obviously lagging the market, institutional interest, airlines may be in trouble for a while but related stocks like this one should be fine, more of long term hold ("long term" for me is like more than a month), if this hits the 70-80 range in two or three months that'll be good enough for me, also think it's a legit long term (over a year) hold as well
RTX FlagRTX has been a consolidation flag since March, it has broken below its moving averages and is reaching the apex of the flag. I'm expecting this to actaully break downward to the $56 area.
Possible Bullish Breakout from WedgeRTX price broke above the symmetrical wedge. The defense is generally undervalued (stock fell due to coronavirus, but government defense spending has not). Wait for it to retest the wedge and if it reverses take a long position
RTX - LONG - 5YR+ HOLD - VALUE! 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
RTX long term.RTX great setup for next 6 months. Major resistances lie at $64 and $72. Expecting mid $80's by early Spring. Above $60 no short term danger.
$RTX with falling wedge breakout$RTX previously broke out of falling wedge, now looking to possibly form a bull flag for continuation. Should we hold the point of control we can see the price targets marked. However if we cannot hold it as our critical pivot point, we could fall back to our trendline support
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RTX - Trade setups within the corrective structureRXT is consolidating on the daily. Nice wedge which broke, now I would wait for confirmation for the setup to be valid.
Trade with care!
Bullish Breakout!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
RTX for week of 8.9RTX looking for a potential buy this week.
Enter: 61.90
Stop: 59.00
Targets:
Target 1: 63.80
Target 2: 65.00
Target 3: 68.00
Target 4(Extreme): 70.00
GoldCartel - Raytheon long-term forecastRaytheon Announces Deal To Make Israel's Iron Dome Defense System In the US.
This analysis fails if it can break out and close below the red support line.
