TXT trade ideas
TXT Potential Reversal Trade Setup - 30 Min ChartThis chart for TXT (Textron Inc.) on a 30-minute timeframe showcases a potential reversal trade setup following a strong downward trend.
Entry Point:
The yellow-highlighted zone at 77.59 is marked as the entry level, signaling a buying opportunity after a significant decline.
Stop Loss:
Positioned just below at 76.52 (white line) to manage risk and protect against further downside.
Target Profit:
The green zone at 80.41 serves as the price target, aligning with prior resistance and offering a favorable risk-to-reward ratio.
Resistance & Support:
Red Line at 78.88: Short-term resistance.
Yellow Line at 77.59: Support, key zone for entry.
Textron: Why Textron Remains Bullish and Its Next Potential MoveAverage performance in the 3 months following the first interest rate cut of the Federal Reserve easing cycle: +15.2%.
Textron (NYSE:TXT) is a multi-sector company that leverages its global network of aerospace, defense, industrial, and financial companies to provide various solutions and services to its customers.
The company operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Finance, and Textron eAviation.
Its stock trend has been uncertain for several months, ranging between $80 and $95. However, fair value forecasts predict that the stock will exceed $100 and reach $104.38 (about 20% higher than the current price), which would be a historic record !!!
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Will Textron Take Off in the New Year?Textron has pushed old highs since the summer, and some traders may see potential for further upside.
The first pattern on today’s chart is the $74.81 level, the highest weekly close in the first half. Strong earnings drove the aerospace stock above that level in late July. It tested that price area each of the next four months, and kept closing above it. Has old resistance become new support?
TXT next troughed around $75.70 on December 8. That higher weekly low may suggest bulls are gaining the upper hand.
The stock then proceeded to break a falling trendline that began in mid-October. MACD has additionally turned up. Those points could mean the shorter-term trend is getting more bullish.
Turning to the longer-term, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA in August. Also notice how TXT has followed its 100-day SMA.
Finally, the stock is inching toward its high early last year. That could increase the odds of a breakout.
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TXT - 5 months RECTANGLE + 18 months SYMMETRICAL TRIANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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$TXT with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $TXT after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
WATCH $TXTBearish
Fundamental
- Funds distributing
- Strong industry / not leader
- Weak earning moving forward
- Weak rs rating
TA
- Bearish momentum divergence
- Price broke down trendline
- Price broke down neckline
- High volume node resistance
20/5/2022 NYSE (TXT)Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $62.66
Target Price: $61.38
Stop Loss: $63.94
$TXT with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $TXT after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.
TXT SHORTOPEN Short position, a goal first 65 and next 60.
Sing of weakness and re-test 70$, yesterday open first position
No CorrectionThe upward correction has not taken place. Instead the downtrend has been confirmed and got new dynamics. In a first step I expect another test of yesterday's low.
Window to be ClosedWe have opened a broad window after the holiday and fell a pretty stair down. The window is waiting to be closed within the next2 days or so. As the uptrend is intact we may rise further the as well.
$TXT LOOKING STRONGTXT is looking good for a nice upward trend. Strong volume today and indicators all positive. Enjoy.
$TXT Nice Large Base$TXT is back at it. Back in July, it put in a double bottom , broke out but didn't make much progress.
It is now putting another base and looking very interesting. $74.40 (red dotted line) is ATHs from back in 2008. So this potentially could trigger a major new up cycle
$TXT 2 Months Base$TXT is in the same industry as $RADA (Aerospace & Defense) also setting up a nice 2 months base. $70 is the level to watch but be aware that $73 -$74 area has been a major top for the stock twice before back in late 2007 and 2018
Showing Possible Set ups for Next week MANY PLAYSSet Ups for the week! $TLRY, $HFC, $JMIA,$MARA, $RIOT, $FDX, $SU, $MSFT, $FB, $ZM, $ROKU, $TWTR, $GE, $GM, $F, $BA, $AAL, $CCL, $CRM, $LOW, $HD, $TXT
Providing my levels and my analysis for you guys to see!
Hope You guys enjoy would like some feedback any further questions about the tickers comment bellow thank you!
Textron Inc. (TXT)The company is structured as a conglomerate and through its subsidiaries is active in the defense, aerospace and security sectors. Corporate demand is still down compared to the previous year, but leisure travel in small jets has more
than offset the business travel decline. Military segments is more interesting, these units maintained profitability. Plus, demand for the V-22 vertical lift aircraft remains a priority for the military. The Company has good
cash roughly $2.15 billion on the balance sheet: are an acquisition or share-repurchase program in-sight?
Future Vertical Lift (FVL) www.bellflight.com
Net profit 2020: 475 mil.
Net profit 2021 est: 625 mil.
Total debt: 4.3 B.
TEXTRON Plan DailyHey guys, TEXTRON is in a bullish movement with low buy volume and a bullish hammer candle. On the TIMEFRAME 1 Min we see a collapse of the price but it is to start on a last low precedent and return to its rise. It is plausible that it is heading for the next high and if the buyers are still in the game. We can go to the high point that comes after, which corresponds to half of the median.
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Textron Inc (TXT - US) ABC wave pattern Textron Inc (TXT - US) is moving down in ABC zigzag down wave pattern. B wave is complex flat pattern. C wave already started down with impulse down. Wait for pull back to get into trade for C down.
TXT Bullish Swing tradeCheck out the chart and let me know what you think. Earnings weren't great (AS EXPECTED) but with businesses opening back up I fully expect a good retrace here. Happy Thursday! Cheers!
