Raytheon Technologies Corporation is an American multinational aerospace and defense conglomerate headquartered in Waltham, Massachusetts. It is one of the largest aerospace, intelligence services providers, and defense manufacturers in the world by revenue and market capitalization.
Buy: $89.41
Stop: $85.30
Target: Open
Also appearing on the scan this afternoon...
GREETINGS!
I've made several posts on Rolls Royce and Raytheon the past few months. Ultimately, we remain bullish for another leg up, but the back-and-forth price action has been exhausting.
Why are we bullish? Well, my strategies involve a simplistic basis of eliot wave theory which shows airlines and major indices have another leg, but I also consider other...
RTX has been rejected by the 13 EMA now twice over the past week. This looks like its heading lower to new support at the 83 level. It is also rounding down nicely
'Where's your head at?'
If you've never watched Love Island - I have a girlfriend so I am practically forced to - this is a question that is asked by the contestants to their prospective partners to figure out the basic human relationship formation, as to whether someone actually likes them or not.
I like to use visual imagery to see whether it lines up with my...
The PEAD projected a Bullish outlook for $RTX after a Positive over reaction following its earnings release placing the stock in drift B
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Airlines have had quite the run up since the low. Warren Buffet is way past his prime.
BUT WTF IS THIS PRICE ACTION!?
I've done a fair amount of "research" into the numbers here and here's my best attempt to make sense of it.
We all know the COVID correction was the E wave of a triangle. That was obvious. You see it on every major index.
Triangles happen in wave...
RTX achieved better-than-expected profitability across all of its reportable segments in the first quarter and recently raised its dividend with a quarterly distribution now stands at $0.51 per share. RTX represent an interesting exposure to the aerospace and defense industry, by ither side company levels of commercial air travel to return to pre-COVID-19 levels...
Please note this is only an idea, invest at your own risk.
The price shows a nice and steady move up high, supported by trendlines . There should be support by the 20MA, which can act as good entry point. Additionally, there should be a support at 84, which acts as key support. If this breaks, setup might become invalidated.
A safer play can be to wait an...
The PEAD projected a Neutral outlook for $RTX after a Positive under reaction following its earnings release placing the stock in drift A
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.
I had stated on a study previously the chances of RTX shooting high or stretching out grom the looks of it RTX had its time to shoot up but failed a conformation was made tofsy that it will drop to form a “U” again you heard it hear first a little more unorthodox feom other traders and stufied but still gold happy trading i now call this position a “short”
