UTX Breaks to the UpsideAfter a month of sideways action, UTX broke to the upside to resume an uptrend. UTX candlesticks lengthened just prior to the run up.
UTX
UTX - Feb. 2020 Entry - Another Pattern Failure May 2020THIS 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 ascending triangle, or preferably the rebound at top around Feb. 2020.
I think the Feb. 2020 entry would be the best price position in the pattern for failure.
We should stop at Strong Support. This has held since 1973 which I consider strong.
I will update as this idea develops.
Just throwing it out there since I am seeing an overall pattern develop across multiple sectors.
2yr/10yr inversion was in March 2019. www.cnbc.com
We are approaching the 12 month period, where this has predicted a recession with 100% ACCURACY FOR LAST 7 RECESSIONS
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, ROKU and AAPL. May close ROKU today.
UTX in Long-Term Trading RangeAlthough 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.
UTX Huge Black Candlesticks May Be Precursor to More DownsideWhite 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 Heavy VWAP ActionUTX 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 Collapses on High Frequency Traders’ Volume Surge DownwardUTX 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.
BULLISH SECTOR! HUGE CONTRACTS! BUYOUT COMING!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, one of the contracts could fetch the company upwards of $10 BILLION in equipment/service revenue.
Investors Business Daily ranks KTOS extremely HIGH:
E.P.S: 76 (Anywhere between 75 to 99 is a solid company/e.p.s rating)
Group RS Rating: A-
Accumulation/Distribution Rating: B+
Composite Rating: 89
Timeliness Rating: A
Institutional Ownership: 90.86%
On 12/06/2018, just 11 days ago, a buyout rumor hit the wires and the stock spiked.
Since that rumor, the stock has settled back down.
This company CANNOT and we think WILL NOT last by itself without being purchased by another larger company.
Our contact on Wall Street tells us talks are ongoing for a full takeover at between $20 and $25 a share.
Go back and look at the recent contracts and the value of them within the last few months, you will be amazed.
We finished adding to our large position today.
2.5 Million Shares Long
Average Cost: $12.44
THE STOCK IS A BARGAIN AT CURRENT LEVELS!
UTX: Pros Set Up for Earnings Today While Dark Pools RotateUnited 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 pattern revealed by the Accumulation/Distribution indicator on the weekly scale. As the stock price rose, large-lot Dark Pools sold (rotation), hiding their activity. The rotation is not about this report; those buying and selling adjustments occurred in November and December. This rotation is about the first quarter earnings report for 2019, which will come out in April. Dark Pools make decisions 1-3 months ahead of the earnings reports. Today UTX is reporting last year’s results, ancient history for the Dark Pools. The pro traders are gearing up for HFT action on this high-profile stock.
Short sell signalFollow 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
UTX potential inverse head & shoulders: target ~+48%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.
DOW JONES OVERVIEW: UTX IN MACRO UNCERTAINTY, ON SHORT TERM RISKUnited 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 deviation form both 1-year mean and quarterly means - at 98 and 89 respectively - indicating downtrends on yearly and quarterly basis basis.
