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Fundamental Indicators:
Sector – Industrials
US Business Cycle Stage – late cycle, when this sector is neutral
Revenue – consistent growth for the past 5 years, although just 6% average annual rate, the performance in 2022 TTM is considerably slowing down
Profits – although slight increase in...
NYSE:RTX
Raytheon Technologies Corporation , an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide.
It operates through four segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense....
The asset has now held the upper major support from its last ATH breakout. with nancy going east for ramen we shall have some potential interest in case china reacts to her visit to Taiwan.
Indeed. A Wave, B Wave as a condensing or constricting triangle, pivot and now just awaiting confirmation.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line....
The PEAD projected a Bullish outlook for $RTX after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
A repeated patter on the weekly RTX chart appears to be forming, and technical indicators are set up similarly.
The daily chart is also in alignment as previously. Technical Indicators have just crossed over and suggest a breakout is in order.
About 15% upside potential with upside target at 113.80, about mid-September 2022.
Fundamental and geopolitical...
Long term chart for RTX showing two distinct channels
A large ascending triangle structure can be seen in the first to lead to the first channel breakout
The second is a inverted H&S structure which will lead to the break out of the second channel breakout which extends back to year 2000
The PEAD projected a Bearish outlook for $RTX after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
RTX with underlying strength prevalent in its technicals & fundamentals. Leading the industrial sector via geopolitical factors and a favorable balance sheet, RTX continues upwards on a channel trend and on several premises: 1) Buyer responsive price action that has been developing since Q4 of 2021 2) Participants driving auction over KSMAs, 3) Support held at...
$RTX was buyable today. I looked at it pretty much on and off all day but with market looking like crap, and not much else setting up, I would rather let this one go than be in a hurry to increase exposure.
That said, this is what relative strength look like.
Goals 94, 92. Invalidation at 104 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the...
Since beginning the United States' War of Terror with the illegal invasion of Iraq in 2001, US weapons contractors and their shareholders (incl. many US politicians and advisors) have reaped untold billions in profits:
Beating the Market
$10k invested in Lockheed Martin in 2001 would be worth over $200k today. Likewise the same amount invested in Northrop...
