RTX CORP.: TECHNICAL ANALYSIS
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 102.50 |
| Take Profit | 107.00 |
| Stop Loss | 100.00 |
| Key Levels | 94.00, 95.50, 100.00, 101.00, 102.50, 103.00, 105.00, 107.00, 108.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 100.30 |
| Take Profit | 95.50 |
| Stop Loss | 102.00 |
| Key Levels | 94.00, 95.50, 100.00, 101.00, 102.50, 103.00, 105.00, 107.00, 108.00 |
Shares of RTX Corp., an American aerospace and defense conglomerate, are trading at 101.00.
On the daily chart, the price is correcting to the resistance line of the ascending channel 105.00–94.00.
On the four-hour chart, the quotes are approaching the intermediate high of 102.00 and may consolidate above it today. After consolidating above last year’s high of 103.00, there will be no obstacles to further growth, and the asset may move towards the global target above 108.00.
Technical indicators are strengthening the buy signal: fast EMA on the Alligator indicator are above the signal line, and the AO histogram is forming ascending bars, rising in the buy zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 102.50, with the target at 107.00. Stop loss – 100.00. Implementation period: 7 days or more.
Short positions may be opened after the price declines and consolidates below 100.30, with the target at 95.50. Stop loss – 102.00.
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