After a month of sideways action, UTX broke to the upside to resume an uptrend. UTX candlesticks lengthened just prior to the run up.
buy above diagonal trend, stop loss below diagonal trend
THIS IDEA IS NOT READY YET IMO. Looking for ideas I came across UTX. I was hoping to play the UTX merger in a bullish way, but the chart pattern is bearish. We have an ascending wedge looking to end around May 2020 - Same as SMH, AAPL, SPY, and others. I think we can catch a small rebound inside the white triangle. My entries are either breakdown of the white...
Although many Dow 30 components had a severe sell-down in December 2018, most have not gone up further than the previous highs. UTX is such a stock. It has now officially been range-bound for over a year, as it was range-bound before the December collapse.
White candlesticks are small, weak, & irregular in trend pattern. Suspended Buybacks in 2017, reason was too much debt. Shifted into a Trading Range that dropped sharply in Nov.-Dec. 2018. No Dark Pool Quiet Accumulation in the bottom, Small Funds buying caused move up.
UTX recently had a High Frequency Trader early morning huge black candlestick, which triggered Smaller Funds’ Volume Weighted Average Price orders. The Buybacks have struggled to maintain price at the support level, which is around $121.
UTX was under heavy selling by High Frequency Traders for 2 days. The runs down ended at a weaker support level. Sell short traders should consider this a risk area for a bounce, due to Buy to Cover orders from Professional Traders closing sell short positions.
KRATOS DEFENSE & SECURITY SOLUTIONS This is a rare opportunity to get in on the ground floor of a potentially MASSIVE run to between $20 and $30 a share especially with all the turmoil in the world combined with a massive multi-billion dollar increase in Military Spending by this administration. KTOS, within the last few months, has landed gigantic contracts,...
United Technologies Corp Weekly Chart removes the white noise of the daily candlestick patterns, revealing a cleaner perspective of who controls price for this stock. UTX is bouncing up after hitting support levels AND with professional traders setting up for earnings news. The precision trading of the professionals is not impacted by the slow hidden rotation...
Follow the comments on the chart! If the price goes up to the size of the stop loss point, put the stop loss on the entry point, Stop loss means that the closing price must be below the Stop line, the shadows are not acceptable. NYSE:UTX SP:SPX DJ:DJI
Looks like this could be taking off soon. Stop loss @ 116.
UTX/USD is showing a potential inverse head & shoulders here. target level is around $163 if this ends up being a valid pattern. fundamentally this is a defense and aerospace related stock; with a 2nd Korean war looking more and more likely every day, this could be the news-related catalyst for the price movement.
Long @ 108.59
UTX stalled at 61.8% Fib in rising wedge wave B. Downside where C=A = 69
United Technologies in a very risky situation... On long term basis price is trading between 10-year and 5-year means. Price close to macro means is actually an outlier, an indication of uncertainty of major market participants and investors regarding the stock. On short term basis price is currently on downward risk, as it trades below the 1st standard...