Textron has pushed old highs since the summer, and some traders may see potential for further upside.
The first pattern on today’s chart is the $74.81 level, the highest weekly close in the first half. Strong earnings drove the aerospace stock above that level in late July. It tested that price area each of the next four months, and kept closing above it. Has old...
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
The PEAD projected a Neutral outlook for $TXT after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $62.66
Target Price: $61.38
Stop Loss: $63.94
The PEAD projected a Neutral outlook for $TXT after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.
The upward correction has not taken place. Instead the downtrend has been confirmed and got new dynamics. In a first step I expect another test of yesterday's low.
We have opened a broad window after the holiday and fell a pretty stair down. The window is waiting to be closed within the next2 days or so. As the uptrend is intact we may rise further the as well.
$TXT is back at it. Back in July, it put in a double bottom , broke out but didn't make much progress.
It is now putting another base and looking very interesting. $74.40 (red dotted line) is ATHs from back in 2008. So this potentially could trigger a major new up cycle
$TXT is in the same industry as $RADA (Aerospace & Defense) also setting up a nice 2 months base. $70 is the level to watch but be aware that $73 -$74 area has been a major top for the stock twice before back in late 2007 and 2018
Set Ups for the week! $TLRY, $HFC, $JMIA,$MARA, $RIOT, $FDX, $SU, $MSFT, $FB, $ZM, $ROKU, $TWTR, $GE, $GM, $F, $BA, $AAL, $CCL, $CRM, $LOW, $HD, $TXT
Providing my levels and my analysis for you guys to see!
Hope You guys enjoy would like some feedback any further questions about the tickers comment bellow thank you!
The company is structured as a conglomerate and through its subsidiaries is active in the defense, aerospace and security sectors. Corporate demand is still down compared to the previous year, but leisure travel in small jets has more
than offset the business travel decline. Military segments is more interesting, these units maintained profitability. Plus, demand...
Hey guys, TEXTRON is in a bullish movement with low buy volume and a bullish hammer candle. On the TIMEFRAME 1 Min we see a collapse of the price but it is to start on a last low precedent and return to its rise. It is plausible that it is heading for the next high and if the buyers are still in the game. We can go to the high point that comes after, which...
