gravestone doji possible price pressure, BUT 50% fib possible upside move and flag breakout near consolidation.
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.
Looking decent on the indicators and good spread. Long
Long or short within the red and green boxes!
Here is a clear Bullish Pattern from my perspective and and it'll be long for NYSE:RTX very soon. My prediction is btw 70-74 , 79 is possible as well. Please share your idea. Thanks
NYSE:RTX Since the merger with United Tech, RTX has made significant gains in its new share price. I agree with the Bulls assessment of RTX: Pratt & Whitney’s placement on the A320 family and A220 aircraft should substantially increase the company’s installed base of engines, which would unlock decades of high-margin servicing revenue. The firm’s missile and...
Watch a break of 59 to confirm the inside week and up, where 59 / 60 resistance becomes the new floor for the future of Aerospace and Defense.