Long
Lets make a bomb with RTN
Planning to long this company. It is a company that is in the military/defence business. A company such as this does not go with normal companies and the eventual bear market should not effect this. I think it is having a techinal pullback. Look at the earnings, all positive, look at it on a weekly/monthly timeframe, big uptrend. I think 1 more leg up then a pullback either a higher wave or C wave.
Looking to make a double bottom here then move up. Adam-Eve double bottom.This is a classic reversal pattern you see it everywhere.
thepatternsite.com/aedb.html
Buy at around $170 with a stop of $160 or so and wait a few months and take profits. You can play this with margin here. bit.ly/2TrYjMW
Other things there I think are worth play are OR, DOV, ECL and AAP all shorts. I looked at alot and see RTN as a long, most of the rest are short plays coming to the end of a cycle.
Weekly
Monthly with realistic targets
Looking to make a double bottom here then move up. Adam-Eve double bottom.This is a classic reversal pattern you see it everywhere.
thepatternsite.com/aedb.html
Buy at around $170 with a stop of $160 or so and wait a few months and take profits. You can play this with margin here. bit.ly/2TrYjMW
Other things there I think are worth play are OR, DOV, ECL and AAP all shorts. I looked at alot and see RTN as a long, most of the rest are short plays coming to the end of a cycle.
Weekly
Monthly with realistic targets
Note
This is not ready yet, Just checking today. Will probably go to low $160's Ideally I would like to see it wick past the other bottom to make divergence. So not yet maybe next week or the week after.Trade active
Took a while but its now in buying area. If it goes past the low it is void.Trade closed: stop reached
That was quick!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.