RTXD trade ideas
RTX prepare to LongTrendline Break by Gap
Wait re-test trendline
Entry 60
Stop: 56
Target: 80;
Earning date 10/27/2020 6 AM
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
RTXi think this is good to buy here, obviously lagging the market, institutional interest, airlines may be in trouble for a while but related stocks like this one should be fine, more of long term hold ("long term" for me is like more than a month), if this hits the 70-80 range in two or three months that'll be good enough for me, also think it's a legit long term (over a year) hold as well
RTX - LONG - 5YR+ HOLD - VALUE! NOT A FINANCIAL ADVISOR NOR IS THIS FINANCIAL ADVICE. DO YOUR OWN RESEARCH BEFORE BUYING AND SELLING. TRADE AT YOUR OWN RISK.
MILITARY INDUSTRY IS STEADY CONTRACTS -- EVEN DURING A PANDEMIC
SOLID TREND UPWARDS TOWARD ATH'S
TRADING AT A MASSIVE DISCOUNT -- 100%+ GAP BETWEEN ATH AND MARCH LOW
SL AT 56-52
T1 67
T2 75
T3 84
$RTX with falling wedge breakout$RTX previously broke out of falling wedge, now looking to possibly form a bull flag for continuation. Should we hold the point of control we can see the price targets marked. However if we cannot hold it as our critical pivot point, we could fall back to our trendline support
Please like and follow for more!
$RTX Raytheon Earnings Beat - Buy the Dip$RTX Raytheon Earnings Beat - Buy the Dip
Raytheon announced Q1'20 earnings this morning - beating both top and bottom line estimates for the quarter. Forward guidance was below expectations, which caused the stock to initially dip -2% in early trading. But smart long term investors quickly bought the dip and the stock ended the day about even.
With this move today, we now have a possible bullish hammer on the daily chart that looks to be holding the lower channel support line. I anticipate a bounce in the near term from this level. Expect it to move quickly once it clears some resistance around $64.
Medium term target: $82.00 by Sept (assumes lower channel support line is not broken)
Note: Not investment advice.
