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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