Textron Inc (TXT - US) is moving down in ABC zigzag down wave pattern. B wave is complex flat pattern. C wave already started down with impulse down. Wait for pull back to get into trade for C down.
Check out the chart and let me know what you think. Earnings weren't great (AS EXPECTED) but with businesses opening back up I fully expect a good retrace here. Happy Thursday! Cheers!
TXT is scheduled to release earnings this week. Textron had a great year of releasing new models and receiving new orders. Their used aircraft sales continues to be some of the largest in the industry. Although there was an accident in a factory this last quarter optimism for the company i believe remains strong.
No clear path currently. a lot of Consolidation inside of trading range and market is entering a bottle neck. Wait for confirmation prior to entering any positions to mitigate loss potential
Textron is sitting on the December 2018 low and also near its trend line. If the general market decline pulls this below the trend line it could fall significantly. I would expect the support line to hold and yield a decent return over time.
Textron produced a solid 15.85% earnings surprise and the stock rallied but the bears and profit takers formed a shooting star doji. I imagine that 7% gain was just too much for one day, so we'll have to settle for 4% and watch to see if a trend sets in to hammer back out the remaining 3% from today's high. They didn't seem to enjoy a Q1 2019 rally like most of...
NYSE:TXT Above the increasing 5, 20, and 50 MA's. Also above the 1, 2, 3-day VWAPs. Buy above yesterday's high of 54.67. Stay away if it gaps up.
case study 2nd channel is a bit descritionary. top level doesnt hold much weight
Place only Buy Stop orders above the already formed bullish candle and set TP levels anywhere within the green box.
Left shoulder is done and 3/4 of head is done too.
Consecutive down days with inside day hammer on high volume sitting on poc support ma's converged hourly side trap reversing with e.o.d volume surge looks good could well be breaking out to new highs soon
A strong company. This swing has a really tight stop limit loss. It appears to be a nice reversal pattern.
Textron's share value versus Jacobsen Competitors