5UR trade ideas
A triple Bull clawThe decline slopes are decreasing in downward slope angle. Sentiment in selling off fast is decreasing. Two directions fill up the gap at 50-55 or trend back up in the channel. I predict that it will trend inside the channel due to all the contracts being awarded and that we will get out of this pandemic in a better position. Plus people invest forward looking.
RTX Bullish Cypher, Dave Portnoy is early! I seen the executive president of DDTG global global global grab some RTX so I checked the chart. Thought I spotted a bullish cypher, and measurements line up.
I think Davey is a little early on the long. My play will be a scalp short of the break of (B) for a position reverse at the multi level confluence (D) point (entry long). Typically the take profit long would be C to D retrace of .382 and .618, but I will leave half on for trend continuation higher.
RTX SHORT PLAYSharing my RTX short play for the week and possible entry for Long play. Any feedback would be awesome. Mahalo
I do like RTX as a long play as well after merging with united technologies. The products they provide in aerospace, drones and defense systems will play a role in the future imo.
beat earnings last 4 quarters
est eps for Q2 2020 much lower @ .36 (expected)
increased Revenue over past 4 years
government funded ?
Balance sheet looks ok I think. Still new to understanding how many zeros to add.
RTX TA Here is my technical analysis for Raytheon Technologies. It is currently in a wedge and looking for a breakout. We could either have the break above $69.00 to the upside to test the resistance of 71.76 or the rejection of the wedge and a break down to the next critical level of support at $62.08.
Raytheon (RTX) - Pull back or breakout?Here at YouCanTrade, we have been keeping watchful eye on defensive stock Raytheon NYSE:RTX , which has been trading below its 8 day EMA over the past 2 weeks of trading. The last two days of positive market activity has helped Raytheon pullback to its 21-day moving average, which could be a signal for taking a position in the direction of the downward trend. However, the option volume tells a slightly different story. The current call volume for RTX is 14,500 calls, largely outweighing the 5000 puts traded today. That is nearly 3 times as much volume on RTX calls than puts.
So, I am going to watch this trade idea and put it to the test.
As of 12 pm ET on May 19th, the RTX 59 strike puts expiring June 19th, 2020 are trading at a mid-price of $2.50. I am simply going to monitor the price change on this put option over the next few days to see who got it right. The bulls? or the bears?
