RTX LT IDEALT idea for a Biden Administration. Ultimately targeting over 100 and dip buys all the way down to 75 look good (If we get them).
RTX trade ideas
$RTX with a Bullish outlook following its earnings #Stocks 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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RTX - A PROXY FOR AIRLINES/AIRLINE INDUSTRY (RYCEY, AAL, BA)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 4's... so now wtf is this "impulse??"
The 3-3-3-3-3 wave structure points towards some type of diagonal for the bullish count.
This sort of chop is going to wash people out if you don't have a game plan.
Here's mine.
It's always critical to pay attention to RSI or some other momentum indicator to spot corrections.
We know RSI rarely exceeds ~70 in corrections and rarely goes lower than ~30 in uptrends. We will use this rule to define most of the PA.
We define the primary channel shown in bold.
and subchannels for each subwave in lighter color.
Annotations shown on chart.
We see waves A and B of 3 clearly.
When you get into the subdivision of C, that's where you have to pay attention to detail.
Two conflicting things are shown.
By EW rules you have another leg up. This also makes sense from the geometry of an expanding diagonal - you want to put in that awkward third wave.
This would align with a channel break which is typical.
However, if you look at the 4 hr RSI, you are already getting a reaction at 70. For this reason, I am not swing trading this last "potential wave up."
I am waiting for a retrace of wave 4... might take a few months.
However, I am still holding my long-term RYCEY as it is possible that stock pops during this last leg up.
You usually see w4 marked by the channel bottom, and w5 must be larger than w3.
For this structure, that would lead to a >50% gain.
Here is my Boeing BA chart as reference which shows a very similar sort of relationship in movement, albeit coiling down triangle rather than impulse.
RYCEY
Raytheon Tech. (RTX)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 until at least 2023.
Possible continues trend up, with new ATHPlease 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 approach to 20MA, and ride it up to 92. Then expect price to eventually test 93 resistance.
If can surpass 93 resistance, expect new ATH .
Happy to get feedback on my idea.
$RTX with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $RTX after a Positive under reaction following its earnings release placing the stock in drift A
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RTX - Long Term Bullish trend developing...RTX is in the early stages of a Long-Term bullish trend. Play to the upside as long as the price stays above the Ichimoku BLUE Turning Line.
FOLLOW UP RTX LOOKIN GOOD TO SHORTI 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”
GET READY FOR RTX VOLATILITY TOMORROW 03/31/21
Volatile day tomorrow determines the short near future for RTX you heard it here first.
ANOTHER FREE QUICK MONEY PLAY FROM YOURS TRULYHello, Most of you are new followers let me be brief me as a trader im inpatient and very impulsive that alone makes me make mistakes on my trades but im a real person when it comes to options trading im extremely passionate have been for 7 years you can check to see how long this account has been open, That being said one of my strengths is predicting price action and im deadly accurate, Its almost a spirtual feeling ive learned to understand and consolidate....
Lets talk free money, RTX my grandpas retirement stock originally UTX until bought out made my first 1,000% with this company I love how cheap there option contracts are and how slow and fast price action can move, A slow day turning into a volatile day the day of you owning a “call or put” is extremely profitable its almost a cheat code...
When I see this current chart at its current state, I see 2 things that are inevitable to happen its either one or the other, But its not a week process or even a 4 day process, if RTX is going to shoot up its by the end of this week...
Im waiting on a confirmation tomorrow (03/30/21) if this stock is green a STRONG candle a jump up is EXPECTED, But if otherwise happens and price action stays the same or even dips and closes red expect a drop to happen again all within 6 trading days...
Given 2 days for the price to shoot up if tomorrow is GREEN and closes green i will purchase a call if tomorrow closes RED and closes red i will purchase a put all for next week.
Its either one or the other keep your eyes on this fast money olay because thats what im here for fast money option plays....
I will show you with this prediction how accurate I am how consistent with my predictions I am, I will follow up tommorow again do not purchase any contracts yet until i give the go tomorrow.. HAPPY TRADING!
RTX RetestRTX has just retested is support level of 75. 75 was the previously resistance that was broken out of and rallied to the 80 range. Since then it was come back to retest the 75 which is now support, after retesting that level it has rallied on a good green candle and back above its moving averages. This looks bullish back to the 80-81 range as a retest w/ remount play.
RTX Retest/RemountRTX previoulsy broke out above the 74 range. The breakout couldn't hold and price pulled back to the 74 level. It has retested and now remounted above that level. Looks like its going to go back to the previous breakout high between 78-80
RTX ShortShorting RTX as it has a major false breakout with a huge wick.
Price is 72.64, target is $66. Swing trade.
Looking good. May cut in half at target and let it run.
RTX 6th TEST BreakoutRTX and the aerospace industry looks bullish. The Aerospace sector wasn't hit nearly as hard today as the rest of the market and is showing upward strength. RTX has now tested resistance of the 74 level 6 times. With each test supply is getting less, and demand is growing, i believe this will breakout to the 80 area.
RAYTHEON TECHNOLOGIES CORPORATION Chart DailyHey guys, RAYTHEON TECHNOLOGIES CORPORATION is in a bullish momentum with a sort of hammer candle and a continuation of negotiated buy volume. On the TIMEFRAME M1 we notice the shape of a hammer candle with a large volume of purchase made. It goes on the base of the bollinger to go to the top of the stabilization zone in order to check it. Great potential to breakout the price with the momentum both for the zone to arrive in the second and to land on the next high.
Before the high of the bollinger will be tested then a next high to be accessed before the breakout of a stabilization zone. And an adjustment (on TIMEFRAME H4) ending in resistance (on TIMEFRAME H1) on this point for an excess in this one. With the required buying force, half of the intermediate median will be tested
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