Nasdaq & RTX Charts Suggest Promising Growth Ahead

26 lug

NASDAQ

• After a powerful uptrend, the stock encountered a significant resistance around the 72 level and plummeted sharply thereafter.
  
• Finding stability near the 47 level, the price surged within a Rising Wedge formation.
  
• Typically, following the appearance of this pattern, a decline occurs post-breakout. This scenario unfolded exactly as expected.
  
• Subsequently, the stock price consolidated and established an Inverted Head & Shoulders pattern, signaling a potential reversal in trend.
  
• With two successive breakouts, the stock is currently advancing with strong volume backing.
  

RTX

• We have observed a period of price consolidation within a Symmetrical Triangle pattern in the past.
  
• After the breakout, there was a noticeable price surge, propelling the stock to reach its previous all-time high.
  
• However, the stock faced a significant rejection at that level, leading to another consolidation phase and the formation of a symmetrical triangle pattern.
  
• Once the pattern broke down, the price dropped back to its previous support zone.
  
• Since then, the stock has been steadily moving upwards and recently experienced a strong breakout, surpassing its previous resistance level.
  
• At present, the stock is trading at a new all-time high and is anticipated to continue moving even higher.