UTX posted a Valentine's Day dividend, and now it's time to consider buying back into them. Despite an earnings miss, they're going strong with high winds on the US Federal budget negotiations in Washington yielding to compromise and better news for their Carrier and Otis Elevator brands appearing stronger through higher revenues favoring better terms on their...
United Technologies Corp Weekly Chart removes the white noise of the daily candlestick patterns, revealing a cleaner perspective of who controls price for this stock. UTX is bouncing up after hitting support levels AND with professional traders setting up for earnings news. The precision trading of the professionals is not impacted by the slow hidden rotation...
Ultimately long. Short term drop with resistance possibly being tested at $134.50; good entry for short term call. Smooth and defined occilations allows for plenty of entry opportunities in the near future.
Follow the comments on the chart! If the price goes up to the size of the stop loss point, put the stop loss on the entry point, Stop loss means that the closing price must be below the Stop line, the shadows are not acceptable.NYSE:UTXSP:SPXDJ:DJI
THE UTX PRICE HAS SHOWN DIVERGENCE WITH THE MOMENTUM AND BROKE THE TREND LINE DOWN . IN ADDITION, UTX PRICE CLOSED TODAY BELOW SMA 50.
THE FIBONACCI TARGET AT 61.8% IS 113.97 AND A SECOND TARGET AT 78.6% RETRACEMENT IS 111.82
THE STOP LOSS IS SET UP AT 120.50
THIS IS ONLY FOR EDUCATION PURPOSES.