RTX; few more years of slow gain
Looks like RTX is in the last leg of an ending diagonal as shown in the parallel channel; A-B-C-D-E. I think we can see a corrective wave in toward the $90's which would be a good buying opportunity, once we hit near $130-150...time to take profits and wait many years for the low between $40 and $70. I think the blue arrow path is the relative future direction.
If we get a sharp steady move like we did in 1995 and 2003, ignore this; especially if the monthly breaks and closes above the channel.
It's unlikely we will see much gains on RTX after 2025-2026 based on this history.
The 1995 massive gain was a 3rd wave which we won't be seeing in our life time; unless you're a teen.
Just wanted to note RTX and many equity charts look great and a nice slope upward, but as you can see there are very long periods of practically no gain. Take that into consideration when managing you portfolio.
If we get a sharp steady move like we did in 1995 and 2003, ignore this; especially if the monthly breaks and closes above the channel.
It's unlikely we will see much gains on RTX after 2025-2026 based on this history.
The 1995 massive gain was a 3rd wave which we won't be seeing in our life time; unless you're a teen.
Just wanted to note RTX and many equity charts look great and a nice slope upward, but as you can see there are very long periods of practically no gain. Take that into consideration when managing you portfolio.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.