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...
Popular sector as of late but this sector is pulling back today. Cup and handle targets are calculated using the depth of the cup and fib levels and added to the long entry level. I use the .386, .618 and .786 for targets one. The handle is an area of consolidation and ideally it should be located above mid cup. RTX is in a channel up and unless the bottom...
The chart is on a clear uptrend RTX is an aerospace and defense stock. We all know the current event in Ukraine and Russian war. As a result, it pushed the price higher with relative strength. RSI is above 50. Remember before entering 1. what is the Pattern or the set up: Pullback to 20 ema 2. Volume accumulation 3. Moving averages 20>50>100 4. Is stochastic...
Immediate targets 87, 82, 79. Invalidation 100. 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...
Definitely don't short here. Fundamentals for the military industrial complex are (unfortunately) stellar at the moment. This is just getting started.
Let’s look at the recent news with Ukraine. Anyone who bought the US rumor about Russian aggression profited in weapons manufacturing stocks from December to present day. This is example is not meant to lean in any direction of morality as much as it is meant to show how news hints at the direction of the markets. - The US has been working of possible Russian...
I like this stock. This is one of the stocks I have not sold out from. I believe in this company, it has solid fundamentals, and in times of war and conflict, it becomes an even more relevant company to invest in. It has been avoiding this bear market quite nicely, but I see the market rally we had also had an effect on RTX. While the RSI on the daily still...
Recent breakout, pulling back in an orderly fashion to the 20-day line, exhibiting relative strength to the market indexes as they continue to falter. Look for a bounce off of the 20-day line that clears Tuesday's (2/22/2022) high with a stop loss just under Tuesday's low.
Raytheon Technologies Corporation ( NYSE:RTX ) Sector: Electronic Technology (Aerospace & Defense) Market Capitalization: 142.598B Current Price: $95.27 Breakout price: $94.60 (hold above) Buy Zone (Top/Bottom Range): $94.50-$89.40 Price Target: $99.80-$100.60 (1st), $126.00-$127.40 (2nd) Estimated Duration to Target: 48-52d (1st), 540-560d (2nd) Contract of...
Monthly Fib Retrace projection+ Cup and handle on Weekly chart breakout sitting near $100 level/ATH
$RTX never recovered its high from Feb 21. It's been climbing its way back through a series of ascending channels. Most recently it has been consolidating since June 21 which should make a good base for ATH. It has been building an ascending wedge which has held steady since earnings. As long as it stays in the channel it should grind higher. Breaking out of the...
"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected...
On of my favourite stocks. Clear buy setup - a flat pattern on daily, target - x2 move based on the size of the pattern. Price reacts to the trend line also. IMO - a nice buy opportunity
The PEAD projected a Bearish outlook for $RTX after a Negative over reaction following its earnings release placing the stock in drift C. If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Looking at a possible breakout trade with analyst avg rating pointing at $106 Need the following conditions: - Break above present high - good volume - good overall market conditions going into next week Set loss would be set at the moving averages where break below averages signals sell. Profit at decline on bullish momentum. Will not buy major gap ups.
Good momentum and breakout from Raytheon. First PT $95 with possible retest of box breakout. SL $89 zone. Blue skies you gotta buy